$4,974

Avg. Federal Grant

$5,271

Avg. Federal Loan

$49,169,279

Total Aid Awarded

Wheaton College, Massachusetts Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$49.169M

Financial Aid Official Website

wheatoncollege.edu/admission/scholarships/

As many as 99% of the students at WC get some sort of financial aid, and the total amount of assistance/loans provided is more than $8,121,882 in a year. Notably, a total of 20% of the applicants to Wheaton College receive the Federal Grant every year. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 20% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,601, the State Grant receivers and Institution Grant beneficiaries get $1,689 and $36,725, respectively. And, for the Pell Grant awardees, the average aid amount is $4,647. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Wheaton College, the percentage of candidates who opt to avail of student loans is around 76%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

17%

State Grant Aid

13%

Institution Grant Aid

98%

Pell Grant

17%

Average Aid Awarded

Federal Grant Aid

$4,974

State Grant Aid

$2,143

Institution Grant Aid

$31,318

Pell Grant

$4,253

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$43,655

$30,001 - $48,000

$44,030

$48,001 - $75,000

$41,674

$75,001 - $110,000

$38,725

Over $110,000

$31,556

Student Loans for Wheaton College, Massachusetts

Average Loan Amount Average Loan Amount received per year.

$7,888/Year

Students Taking Out Loans

68%

Loan Default Rate

2.5%

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