by our College Data Analytics TeamThe total cost of attendance at Wright State University - Lake Campus can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Uncover the various financial aid options provided by Wright State University - Lake Campus and determine which ones you may be eligible for by continuing your exploration.
Wright State University - Lake Campus average financial aid offer for freshmen students is $4,494.00. Financial aid is provided to about 87% of first-year students, with the bulk of support coming in the form of loans.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Wright State University - Lake Campus 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 following numbers apply to scholarships and grants largely offered by the school itself.
42% of incoming freshmen (112 total) were given scholarships at Wright State University - Lake Campus, averaging $2,880.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 54% of first-year students (144 total) got federal grant aid, averaging $3,450.00 per person.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 10.94% | $7,389.00 |
| Income 30k-48k | 5.28% | $5,652.00 |
| Income 48k-75k | 15.47% | $5,533.00 |
| Income 75k-110k | 11.70% | $2,250.00 |
| Income 110k + | 3.77% | $813.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
87% of the 265 undergraduates at Wright State University - Lake Campus receive some sort of grant aid. This is a total of about 193 students getting an average of $4,494.00 per person.
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.