$5,131

Avg. Federal Grant

$5,639

Avg. Federal Loan

$79,650,838

Total Aid Awarded

Western Michigan University (WMU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

56%

Total Aid Amount Average Total Aid Awarded per year.

$79.651M

Financial Aid Official Website

https://wmich.edu/finaid/

Among them are scholarship programs such as Arenac County Scholarship, Art and Helen Nickless Scholarship, Auburn Jaycees Education Scholarship, and Bay City Civitan/Marcella Barber Scholarship. Notably, 82% of the students at Western Michigan University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $71,020,126. Notably, a total of 30% of the applicants to Western Michigan University receive the Federal Grant every year. Meanwhile, 57% of the applicants receive the Student Grant and 49% are awarded the Institution Grant, while 30% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,239, and the same stands at $1,154 for State Grant awardees and $6,789 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,917. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At WMU, an estimated number of 59% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

34%

State Grant Aid

6%

Institution Grant Aid

50%

Pell Grant

34%

Average Aid Awarded

Federal Grant Aid

$5,131

State Grant Aid

$1,138

Institution Grant Aid

$6,720

Pell Grant

$4,721

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,848

$30,001 - $48,000

$10,194

$48,001 - $75,000

$5,956

$75,001 - $110,000

$2,468

Over $110,000

$1,196

Student Loans for Western Michigan University (WMU)

Average Loan Amount Average Loan Amount received per year.

$7,792/Year

Students Taking Out Loans

76%

Loan Default Rate

7%

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#N/A

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#N/A

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