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.
Washington and Lee University average financial aid offer for freshmen students is $46,752.00. Financial aid is provided to about 67% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Washington and Lee University.
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 numbers listed below make reference to help that is offered by Washington and Lee University.
52% of incoming freshmen (240 total) were given scholarships at Washington and Lee University, averaging $51,401.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 11% of freshmen (51 total) received a federal grant, for about $7,001.00 a person.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 2.38% | $73,695.00 |
| Income 30k-48k | 1.30% | $73,050.00 |
| Income 48k-75k | 6.06% | $67,395.00 |
| Income 75k-110k | 2.38% | $60,040.00 |
| Income 110k + | 13.42% | $31,897.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 462 undergraduate students at Washington and Lee University around 67% (278 total) receive some form of grant aid. The typical amount awarded was $46,752.00.
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.