William Penn University (WPU) Financial Aid and Scholarships
Students Receiving Aid
90%
Total Aid Amount
$18.627M
Financial Aid Official Website
www.wmpenn.edu
As many as 99% of the students at WPU get some sort of financial aid, and the total amount of assistance/loans provided is more than $7,046,938 in a year. For additional information about financial assistance schemes, one can head over to WPU’s financial aid page at http://www.wmpenn.edu. The total percentage of candidates applying to William Penn University who receive the Federal Grant is 61%. Meanwhile, 99% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 59% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,473, the State Grant receivers and Institution Grant beneficiaries get $5,113 and $12,436, respectively. And, for the Pell Grant awardees, the average aid amount is $4,482. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $17,755 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $17,478, while those falling in the $48,001-$75,000 income category get $14,681 a year. Those with an annual income level of $75,001-$110,000 would receive $13,597, while candidates with more than $110,000 of family income receive an average federal aid of $13,475. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At WPU, an estimated number of 95% of the applicants choose to go for student loans.
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