by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Wofford.
Wofford College average financial aid offer for freshmen students is $31,958.00. 98% of reshman students get financial aid, most of which is in the form of grants and scholarships
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Wofford College.
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 following numbers apply to scholarships and grants largely offered by the school itself.
95% of new students (450 total) were given scholarships at Wofford College, averaging $27,299.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 19% of freshmen (88 total) obtained a federal grant, for about $5,414.00 a piece.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 9.28% | $41,903.00 |
| Income 30k-48k | 4.64% | $40,369.00 |
| Income 48k-75k | 8.86% | $37,500.00 |
| Income 75k-110k | 7.81% | $33,068.00 |
| Income 110k + | 25.32% | $29,651.00 |
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.
463 Wofford undergrads obtain grant aid (this is about 98% of the entire undergraduate student population). The average amount these students receive is $31,958.00.
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.