$4,883

Avg. Federal Grant

$5,833

Avg. Federal Loan

$45,508,902

Total Aid Awarded

Wittenberg University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$45.509M

Financial Aid Official Website

www.wittenberg.edu/admission/financials

Among them are scholarship programs such as Anthony Munoz Foundation Scholarship Fund, Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, and Dr. Allen Smith Memorial Scholarship. It is interesting to note that almost every student at WU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $9,034,848. The total percentage of candidates applying to Wittenberg University who receive the Federal Grant is 38%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 38% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,044, the State Grant receivers and Institution Grant beneficiaries get $3,088 and $26,860, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,975. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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

41%

State Grant Aid

24%

Institution Grant Aid

99%

Pell Grant

41%

Average Aid Awarded

Federal Grant Aid

$4,883

State Grant Aid

$3,014

Institution Grant Aid

$24,135

Pell Grant

$4,643

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$30,510

$30,001 - $48,000

$30,892

$48,001 - $75,000

$27,274

$75,001 - $110,000

$26,923

Over $110,000

$24,181

Student Loans for Wittenberg University

Average Loan Amount Average Loan Amount received per year.

$7,822/Year

Students Taking Out Loans

95%

Loan Default Rate

5.5%

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