$5,230

Avg. Federal Grant

$6,044

Avg. Federal Loan

$18,626,589

Total Aid Awarded

William Penn University (WPU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

61%

State Grant Aid

27%

Institution Grant Aid

100%

Pell Grant

61%

Average Aid Awarded

Federal Grant Aid

$5,230

State Grant Aid

$5,120

Institution Grant Aid

$13,572

Pell Grant

$4,496

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$18,160

$30,001 - $48,000

$16,511

$48,001 - $75,000

$16,514

$75,001 - $110,000

$14,551

Over $110,000

$15,541

Student Loans for William Penn University (WPU)

Average Loan Amount Average Loan Amount received per year.

$7,816/Year

Students Taking Out Loans

94%

Loan Default Rate

17.3%

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