by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
Curious about the financial aid opportunities at Wayland Baptist University and what you may be eligible for? Explore the answers here.
$9,944.00 is the typical Wayland Baptist University’s first year financial aid package. 94% of reshman students get financial aid, most of which is in the form of 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.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Wayland Baptist University.
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.
79% of incoming freshmen (172 total) were given scholarships at Wayland Baptist University, averaging $5,312.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 68% of first years (148 total) were awarded federal grant aid, averaging $4,486.00 each.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 29.82% | $11,906.00 |
| Income 30k-48k | 16.97% | $11,312.00 |
| Income 48k-75k | 14.22% | $8,510.00 |
| Income 75k-110k | 11.01% | $8,429.00 |
| Income 110k + | 10.09% | $7,543.00 |
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.
200 Wayland Baptist University undergrads obtain grant aid (this is about 94% of the entire undergraduate student population). The average amount these students receive is $9,944.00.
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.