$4,465

Avg. Federal Grant

$5,195

Avg. Federal Loan

$91,690,597

Total Aid Awarded

Western Kentucky University (WKU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$91.691M

Financial Aid Official Website

www.wku.edu/financialaid/

Among them are scholarship programs such as Educational Foundation of the KYCPA Scholarships, Hallmark Scholarship, Mary Jo Young Dual Credit Scholarship, and Presidential Scholarship. It is interesting to note that, every year, around 98% of students at WKU receive some kind of financial aid, while the total amount of assistance/loans provided is $46,181,335. More information regarding the financial assistance schemes can be accessed on WKU’s official financial aid page at http://www.wku.edu/financialaid/. Notably, a total of 39% of the applicants to Western Kentucky University receive the Federal Grant every year. Meanwhile, 95% of the applicants receive the Student Grant and 69% are awarded the Institution Grant, while 39% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,583, while the same comes to $2,762 for State Grant receivers and $5,823 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,332. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At WKU, an estimated number of 53% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

42%

State Grant Aid

75%

Institution Grant Aid

49%

Pell Grant

42%

Average Aid Awarded

Federal Grant Aid

$4,465

State Grant Aid

$2,711

Institution Grant Aid

$6,657

Pell Grant

$4,344

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,866

$30,001 - $48,000

$3,063

$48,001 - $75,000

$3,549

$75,001 - $110,000

$3,962

Over $110,000

$2,830

Student Loans for Western Kentucky University (WKU)

Average Loan Amount Average Loan Amount received per year.

$5,901/Year

Students Taking Out Loans

57%

Loan Default Rate

9.2%

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