by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
Curious about the financial aid opportunities at Woodbury and what you may be eligible for? Explore the answers here.
Woodbury University average financial aid offer for freshmen students is $22,803.00. Approximately 99% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
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.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Woodbury University.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The stats below refer to aid that is provided by Woodbury University.
98% of incoming freshmen (197 total) were awarded scholarships at Woodbury University, averaging $17,096.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 92% of freshmen (186 total) obtained a federal grant, for about $3,218.00 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 | 21.78% | $29,537.00 |
| Income 30k-48k | 17.33% | $29,333.00 |
| Income 48k-75k | 13.37% | $25,429.00 |
| Income 75k-110k | 11.39% | $20,598.00 |
| Income 110k + | 11.39% | $16,318.00 |
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.
Of the 202 undergraduate students at Woodbury University around 99% (199 total) receive some form of grant aid. The typical amount awarded was $22,803.00.
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.