by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
Uncover the various financial aid options provided by University of Akron Wayne College and determine which ones you may be eligible for by continuing your exploration.
University of Akron Wayne College average financial aid offer for freshmen students is $5,034.00. 88% of first-year students are awarded financial aid, primarily comprising loans.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at University of Akron Wayne College.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The stats below refer to aid that is provided by University of Akron Wayne College.
55% of new students (117 total) were offered scholarships at University of Akron Wayne College, averaging $3,754.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 39% of first years (84 total) were awarded federal grant aid, averaging $4,144.00 each.
Amount of Financial Assistance Per Income Level
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 17.29% | $6,466.00 |
| Income 30k-48k | 9.35% | $5,538.00 |
| Income 48k-75k | 12.62% | $4,565.00 |
| Income 75k-110k | 7.94% | $2,127.00 |
| Income 110k + | 2.34% | $588.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
157 University of Akron Wayne College undergrads obtain grant aid (this is about 88% of the entire undergraduate student population). The average amount these students receive is $5,034.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.