University of Washington (UW) Financial Aid, FAFSA/Federal School Code, Scholarships and Deadlines 2022

$4,902

Avg. Federal Grant

$4,761

Avg. Federal Loan

$189,834,165

Total Aid Awarded

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University of Washington (UW) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

46%

Total Aid Amount Average Total Aid Awarded per year.

$189.834M

Financial Aid Official Website

www.washington.edu/students/osfa/

It is interesting to note that, every year, around 57% of students at UWSC receive some kind of financial aid, while the total amount of assistance/loans provided is $44,678,603. Notably, a total of 20% of the applicants to University of Washington-Seattle Campus receive the Federal Grant every year. On the other hand, 43% of the candidates get the Student Grant, 40% receive the Institution Grant, and 20% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,345, while the same comes to $8,357 for State Grant receivers and $7,614 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,848. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At UWSC, an estimated number of 24% of the applicants choose to go for student loans.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

22%

State Grant Aid

21%

Institution Grant Aid

46%

Pell Grant

22%

Average Aid Awarded

Federal Grant Aid

$4,902

State Grant Aid

$8,244

Institution Grant Aid

$7,209

Pell Grant

$4,605

When higher education funding rates are exorbitant, financial aid programs become more important when students and families are determining where to study. Each family will have to assess its options and determine which financial strategy is best for them. Students should expect to see a small rise in their tuition every year they attend. With the University of Washington, these issues tend to be dissipate due to the provision of efficient financial assistance they provide to their candidates.

Around 22% of the students receive Federal Grant Aid, which amounts to an average of $4,902.
22% of the students receive Pell Grants, which amount to an average of around $4,065.
Approximately 21% of the students receive state grants at an average of around $8,244.
46% of the student receive the institutional grant at an average of around $7,029
46% of the students receive grants in different forms, which amount to an average of around $189,834,165.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$18,261

$30,001 - $48,000

$18,268

$48,001 - $75,000

$16,669

$75,001 - $110,000

$7,648

Over $110,000

$1,466

Students and families need to consider their financial plans for both immediate and long-term budgeting. The FAFSA application specifies how much a family will contribute to the college tuition per year, how much financial aid they are eligible for, and in what way.

Incomes ranging from $0-$30,000 receive an average federal aid of $18,261. Students receiving family incomes between $30,001-$48,000 receive an average of $18,268. $7,669 is what can be expected for those racking in incomes between $48,001 - $75,000 whereas those who fall within the ranges of $75,001-$110,000 receive around $7,648. Those earning more than $110,000 can benefit from a small amount $1,466.

Student Loans for University of Washington (UW)

Average Loan Amount Average Loan Amount received per year.

$5,525/Year

Students Taking Out Loans

26%

Loan Default Rate

2.8%

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