$3,010

Avg. Federal Grant

$5,228

Avg. Federal Loan

$1,034,573

Total Aid Awarded

Woodruff Medical Training and Testing Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

44%

Total Aid Amount Average Total Aid Awarded per year.

$1.035M

Financial Aid Official Website

woodruffmedical.edu/financial-aid/

It is interesting to note that, every year, around 68% of students at WMTT receive some kind of financial aid, while the total amount of assistance/loans provided is $1,001,163. Notably, a total of 56% of the applicants to Woodruff Medical Training and Testing receive the Federal Grant every year. In comparison, 67% of the students get the Student Grant, and 56% of the applicants receive the Pell Grant. On the other hand, the average aid received by the Pell Grant awardees is $4,140. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At Woodruff Medical Training and Testing, the percentage of candidates who opt to avail of student loans is around 53%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

51%

State Grant Aid

2%

Institution Grant Aid

N/A

Pell Grant

51%

Average Aid Awarded

Federal Grant Aid

$3,010

State Grant Aid

$3,870

Institution Grant Aid

N/A

Pell Grant

$3,010

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$1,987

$30,001 - $48,000

$1,957

$48,001 - $75,000

$698

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Woodruff Medical Training and Testing

Average Loan Amount Average Loan Amount received per year.

$5,228/Year

Students Taking Out Loans

47%

Loan Default Rate

19.4%

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