by our College Data Analytics TeamMany students attending Washington College can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
What financial aid options does Washington College offer, and what will you qualify for? Keep scrolling for answers.
$35,776.00 is the typical Washington College’s first year financial aid package. Approximately 100% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
A financial aid package includes loans, grants, and scholarships. However, student loans have to be paid back, so they aren’t a true discount.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Washington College.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The following numbers apply to scholarships and grants largely offered by the school itself.
99% of incoming freshmen (323 total) were given scholarships at Washington College, averaging $33,502.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 37% of freshman students (121 total) obtained federal grant aid, averaging $4,428.00 a piece.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 12.92% | $50,766.00 |
| Income 30k-48k | 6.46% | $45,657.00 |
| Income 48k-75k | 8.92% | $45,065.00 |
| Income 75k-110k | 12.00% | $39,224.00 |
| Income 110k + | 31.08% | $29,326.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
324 Washington College undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $35,776.00.
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.