Wisconsin Lutheran College (WL Financial Aid: Scholarships & Grants

$4,707

Avg. Federal Grant

$5,345

Avg. Federal Loan

$16,350,998

Total Aid Awarded

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Wisconsin Lutheran College (WLC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

92%

Total Aid Amount Average Total Aid Awarded per year.

$16.351M

Financial Aid Official Website

wlc.edu/financial-aid/

Among them are scholarship programs such as Academic Excellence Scholarship, Academic Scholarship, David L. Gasser Memorial Scholarship, and Music Scholarship. It is interesting to note that almost every student at WLC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $5,078,763. At WLC, the total percentage of applicants who receive the Federal Grant stands at 30%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 30% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,124, the State Grant receivers and Institution Grant beneficiaries get $3,156 and $18,357, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,985. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At WLC, an estimated number of 77% of the applicants choose to go for student loans.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

34%

State Grant Aid

36%

Institution Grant Aid

100%

Pell Grant

34%

Average Aid Awarded

Federal Grant Aid

$4,707

State Grant Aid

$2,959

Institution Grant Aid

$16,729

Pell Grant

$4,163

Every grant plays a critical role to assist students attending the college. Depending upon certain terms and conditions, students apply for these services to earn degrees and establish in life. The contribution of various grants are mentioned as follows:

Federal Grants: This caters 34% of the student population with financial aid of $4,707.
Pell Grants: Approximately 34% of the students are offered with an average aid amounting to $4,163.
State Grants: This serves around 36% of the students with an average aid of $2,959.
Institutional Grants: This caters 100% of the students with an aid of $16,729 in average.

Federal loans, which in total come up to $5,345 on an average, are offered by WLC.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$24,866

$30,001 - $48,000

$23,355

$48,001 - $75,000

$23,125

$75,001 - $110,000

$20,307

Over $110,000

$14,580

To find your kind of financial aid, figure out the family income group that you fall under.The groups are diversified considering income barriers.

The average financial aid amounts to $21,246. Groups with ranges fluctuating from $0 - $30,000, $30,001 - $48,000 and $48,001 - $75,000 receive financial aid of $24,866, $23,355 and $23,125, respectively which are far more than the average.

On the other hand, income groups of range within $75,001 - $110,000 and above $110,000 receive aid of $20,307 and $14,580, respectively. This indicates that higher income groups receive aids lower than the average.

Student Loans for Wisconsin Lutheran College (WLC)

Average Loan Amount Average Loan Amount received per year.

$6,812/Year

Students Taking Out Loans

83%

Loan Default Rate

5.6%

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