University of Akron Wayne College Financial Aid and Scholarships
Students Receiving Aid
31%
Total Aid Amount
$2.354M
Financial Aid Official Website
wayne.uakron.edu/admissions/financial-aid/
As many as 86% of the students at UAWC get some sort of financial aid, and the total amount of assistance/loans provided is more than $1,856,366 in a year. The total percentage of candidates applying to University of Akron Wayne College who receive the Federal Grant is 42%. Meanwhile, 75% of the applicants receive the Student Grant and 54% are awarded the Institution Grant, while 41% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,251, and the same stands at $1,731 for State Grant awardees and $3,600 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,987. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At UAWC, an estimated number of 37% of the applicants choose to go for student loans.
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