$6,773

Avg. Federal Grant

$6,671

Avg. Federal Loan

$5,007,345

Total Aid Awarded

Wilberforce University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

79%

Total Aid Amount Average Total Aid Awarded per year.

$5.007M

Financial Aid Official Website

www.wilberforce.edu/financial-aid/

Such schemes include Development Fund for Black Students in Science and Technology Scholarship, Dr. Allen Smith Memorial Scholarship, Education Foundation Scholarship, and Educational Assistance Commitment Grant. Interestingly, almost all of the students at WU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $3,794,624 in a year. At WU, the total percentage of applicants who receive the Federal Grant stands at 100%. In comparison, 100% of the students are awarded the Student Grant, 65% get the Institution Grant, and 100% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $7,456, while the same comes to $2,456 for State Grant receivers and $2,694 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,088. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At WU, an estimated number of 100% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

100%

State Grant Aid

40%

Institution Grant Aid

57%

Pell Grant

85%

Average Aid Awarded

Federal Grant Aid

$6,773

State Grant Aid

$2,658

Institution Grant Aid

$3,794

Pell Grant

$5,104

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,835

$30,001 - $48,000

$10,042

$48,001 - $75,000

$11,714

$75,001 - $110,000

$5,858

Over $110,000

$11,716

Student Loans for Wilberforce University

Average Loan Amount Average Loan Amount received per year.

$6,671/Year

Students Taking Out Loans

73%

Loan Default Rate

24.6%

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