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.
Interested in understanding the financial aid resources available at WSU and your eligibility? Find the answers you seek below.
$5,845.00 is the typical Wichita State University’s first year financial aid package. About 90% of first year students receive financial aid, most of which is in the form of 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.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Wichita State 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 stats below refer to aid that is provided by Wichita State University.
65% of incoming freshmen (1064 total) were awarded scholarships at Wichita State University, averaging $4,423.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 37% of first-year students (597 total) got a federal grant, for about $4,834.00 per person.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 12.94% | $8,731.00 |
| Income 30k-48k | 8.15% | $8,146.00 |
| Income 48k-75k | 8.71% | $5,837.00 |
| Income 75k-110k | 6.99% | $2,515.00 |
| Income 110k + | 6.93% | $2,289.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
1294 WSU undergrads obtain grant aid (this is about 90% of the entire undergraduate student population). The average amount these students receive is $5,845.00.
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.