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.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
$15,961.00 is the typical Washington Adventist University’s first year financial aid package. 97% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Washington Adventist University you could end up dealing with.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
97% of incoming freshmen (124 total) were awarded scholarships at Washington Adventist University, averaging $10,519.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 64% of freshmen (82 total) received a federal grant, for about $5,649.00 a person.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 33.59% | $17,847.00 |
| Income 30k-48k | 17.19% | $15,308.00 |
| Income 48k-75k | 14.06% | $16,853.00 |
| Income 75k-110k | 5.47% | $13,764.00 |
| Income 110k + | 7.03% | $11,292.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
124 Washington Adventist University undergrads obtain grant aid (this is about 97% of the entire undergraduate student population). The average amount these students receive is $15,961.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
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