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.
What financial aid options does WVSU offer, and what will you qualify for? Keep scrolling for answers.
$7,002.00 is the typical West Virginia State University’s first year financial aid package. A significant 92% of freshmen benefit from financial aid, with the main type being loans.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from West Virginia State University you may end up taking on.
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 numbers below apply to scholarships and grants primarily provided by West Virginia State University.
58% of first-year students (155 total) were offered scholarships at West Virginia State University, averaging $7,258.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 51% of freshmen (138 total) obtained a federal grant, for about $4,834.00 a piece.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 21.56% | $5,389.00 |
| Income 30k-48k | 7.43% | $3,661.00 |
| Income 48k-75k | 5.20% | $1,242.00 |
| Income 75k-110k | 0.74% | $244.00 |
| Income 110k + | 0.37% | $67.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
Of the 269 undergraduate students at West Virginia State University around 92% (247 total) receive some form of grant aid. The typical amount awarded was $7,002.00.
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.