Kentucky Wesleyan College Financial Aid and Scholarships
Students Receiving Aid
95%
Total Aid Amount
$5.730M
Financial Aid Official Website
https://kwc.edu/admissions/financial-aid/
Such schemes include Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, Educational Foundation of the KYCPA Scholarships, and Faculty Scholarship. Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $2,251,752. One can visit KWC's financial aid page at https://kwc.edu/admissions/financial-aid/ for more information. At KWC, the total percentage of applicants who receive the Federal Grant stands at 69%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 50% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $3,862, and the same stands at $3,860 for State Grant awardees and $14,705 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,551. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $14,908 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $14,894, while those falling in the $48,001-$75,000 income category get $14,447 a year. Those with an annual income level of $75,001-$110,000 would receive $12,887, while candidates with more than $110,000 of family income receive an average federal aid of $13,045. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Kentucky Wesleyan College, the percentage of candidates who opt to avail of student loans is around 68%.
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