Wilmington University Financial Aid and Scholarships
Students Receiving Aid
36%
Total Aid Amount
$11.667M
Financial Aid Official Website
www.wilmu.edu/financialaid/index.aspx
Students can avail of scholarships provided by the university, such as Christa McAuliffe Teacher Scholarship Loan, Delaware Nursing Incentive Scholarship Loan, Delaware Space Grant College Graduate Fellowship, and Delaware Space Grant College Undergraduate Tuition Scholarship, if they find educational expenses to be on the higher side. As many as 63% of the students at WU get some sort of financial aid, and the total amount of assistance/loans provided is more than $28,518,386 in a year. More information regarding the financial assistance schemes can be accessed on WU’s official financial aid page at http://www.wilmu.edu/financialaid/index.aspx. At WU, the total percentage of applicants who receive the Federal Grant stands at 37%. Meanwhile, 51% of the applicants receive the Student Grant and 19% are awarded the Institution Grant, while 37% of the students get the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $3,588. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $4,076 in a year. The average aid amount stands at $3,324 for an annual family income between $30,001 and $48,000. This amount comes to $2,197 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $1,676, while candidates with more than $110,000 of family income receive an average federal aid of $160. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 59% of the applicants to Wilmington University opt for student loans.
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