$4,790

Avg. Federal Grant

$5,217

Avg. Federal Loan

$155,240,056

Total Aid Awarded

West Virginia University (WVU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$155.240M

Financial Aid Official Website

financialaid.wvu.edu

As many as 94% of the students at WVU get some sort of financial aid, and the total amount of assistance/loans provided is more than $63,534,564 in a year. The total percentage of candidates applying to West Virginia University who receive the Federal Grant is 27%. In comparison, 84% of the students are awarded the Student Grant, 76% get the Institution Grant, and 27% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,951, and the same stands at $4,979 for State Grant awardees and $6,316 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,544. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 58% of the applicants to West Virginia University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

26%

State Grant Aid

36%

Institution Grant Aid

69%

Pell Grant

26%

Average Aid Awarded

Federal Grant Aid

$4,790

State Grant Aid

$4,745

Institution Grant Aid

$6,397

Pell Grant

$4,387

The West Virginia financial aid includes Federal Grants, Pell Grants, State grants and Institutional grants. The amount received by the students from each grant is different and the percentage of the students receiving the grant is also different. So the breakdown of financial aid on the basis of different types of grants and the amount received is:

  • The students receiving Federal grants are about 26% and the average aid amount provided to each student is $4,790.

  • Pell Grants are also received by 26% of the students and students can estimate an amount of $4,387.

  • University also provides State Grants which are received by 36% of the students and the aid amount received is $4,745.

  • Aid is in the form of Instiutional Grant which is received by 69% of the students and student can expect an average aid amount of $6,397.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$12,281

$30,001 - $48,000

$10,763

$48,001 - $75,000

$8,723

$75,001 - $110,000

$5,912

Over $110,000

$4,970

As per the data from the WVU financial aid office, lower the family income higher is the amount of wvup financial aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $12,281 while those with family income over $110,000 can expect to receive an aid amount of $4,970. This ensures that bulk of the money is flowing towards those who need it the most.

The financial aid office WVU is open during the regular business hours. For some of the afore-mentioned information we called WVU financial aid office number. If the students have any further query about financial aid they can contact the WVU financial aid office. The WVU financial aid phone number can be reached from Monday to Friday during 8:15 AM to 4:45 PM.   

Student Loans for West Virginia University (WVU)

Average Loan Amount Average Loan Amount received per year.

$9,041/Year

Students Taking Out Loans

57%

Loan Default Rate

8%

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