$5,241

Avg. Federal Grant

$5,688

Avg. Federal Loan

$71,294,810

Total Aid Awarded

University of Wisconsin - Milwaukee (UWM) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

55%

Total Aid Amount Average Total Aid Awarded per year.

$71.295M

Financial Aid Official Website

uwm.edu/onestop/contact/financial-aid/

Being an urban public university, the University of Wisconsin - Milwaukee (UWM) is quite affordable, considering other options of its stature. However, it also provides students with numerous scholarships, grants, and financial aids. These aids are based on merit, as well as, financial needs. The students receive a total of around $71,294,810 in the form of different aids, as estimated in 2018-2019. Approximately 55% of the total student population receives some kind of financial aid during enrollment, or after enrollment.

Scholarships

Scholarships are parts of gift aids, which means that the students will not be expected to pay the money back. Based on the merit of the students, University of Wisconsin - Milwaukee offers multiple scholarships to its students. Some of the scholarships that are unique to UW Milwaukee that are made possible by the alumni, donors etc., are

  • John Palmer Smith Scholarship: To avail this scholarship, you are expected to be admitted in the UWM Helen Bader Institute for nonprofit management as a graduate certificate or a Master of Science student. The eligibility is subject to merit, and financial needs of the student

  • Nicholas J. Papastamatiou Scholarship: This scholarship is awarded to an outstanding graduate student in the field of theoretical physics.

  • Founding Faculty Scholarship: New freshmen with a GPA of 3.5 or higher are eligible for this scholarship.

UW Milwaukee provides its students with many such scholarship opportunities. You can find them out on their Panthers Scholarship Portal. 

Grants

In addition to the scholarships, UW Milwaukee also provides grants, which are again a part of the gift aids. The grants are given based on the students’ financial needs. The UW Milwaukee, as a well-known university provides its students federal, state, as well as, institutional grants. Some of the prominent grants are listed below:

Federal Grants

  • Federal Pell Grant: This grant helps students who are in dire need of finances, and have no undergraduate or graduate degrees. You will be eligible for this grant for 12 full-time semesters.

  • Federal Supplemental Educational Opportunity Grant (FSEOG): You have to be eligible for the maximum Pell Grant to be eligible for FSEOG.

State Grants

You would be required to complete the FAFSA to be eligible for any of the following Wisconsin state grants:

  • Wisconsin Grant: You will be eligible for this grant if you have enrolled in at least a half-time program. You will receive this grant for a maximum of 10 full-time semesters.

  • Tuition Assistance Grant: Haven’t received the Wisconsin Grant despite being an in-state student? Don’t worry. This grant is for in-state students who haven’t received the Wisconsin Grant. It is based on state funding and you have to have a minimum of half-time enrollment.

Institutional Grants

UW Milwaukee has started an institutional grant from the 2020-2021 academic year. Let’s look at some of the details of the grant

  • Panther Grant: Appropriately named, this grant is for first-time freshmen or eligible bridge-required students. You have to be enrolled in a full-time course on the main campus, which is the Milwaukee campus for you to be eligible for this grant.

If you would like to find out more about their grants, please look at their one-stop portal for grants.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

36%

Institution Grant Aid

23%

Pell Grant

37%

Average Aid Awarded

Federal Grant Aid

$5,241

State Grant Aid

$2,357

Institution Grant Aid

$2,316

Pell Grant

$4,411

Here is a detailed breakdown of the financial aids that you can expect to receive at The UW Milwaukee. On an average, almost 55% of students get financial aids.

  • Approximately 38% of the students get Federal Grant Aid, which comes to around $5,241

  • Almost the same percentage of students receive the Pell Grant aid, which is 37% of the student population. The amount comes up to $4,411

  • 36% of the students are entitled to State Grant Aid, the amount for which is somewhere around $2,357

  • The least amount of aids comes from the institution as 23% of students receive it. The amount for this aid is around $2,316

  • A staggering 65% of the students take a loan at the default rate of 8.3%, the amount for which is $7,565 approximately.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,025

$30,001 - $48,000

$8,368

$48,001 - $75,000

$4,054

$75,001 - $110,000

$995

Over $110,000

$420

As we have mentioned earlier, the financial aids are given based on financial needs too. Keeping that in mind, here is a breakdown of the amounts that students from different income groups can expect. In the income group of $0-$30,000, students can expect aids of approximately $10,025. For the next scale, which is $30,001-$48,000, the students receive grants of $8,368 on an average. Unfortunately, however, as the scales keep increasing, the grants keep decreasing quite a bit. The next scale, which is $48,001-$75,001, students can expect grants of about $4,054. The higher the scale, the drastic the difference. This can be noticed as the scale of $75,001-$110,000, the grant only covers $995, and the last cap which is anything above $110,000, the grant comes up to only $420.

Student Loans for University of Wisconsin - Milwaukee (UWM)

Average Loan Amount Average Loan Amount received per year.

$7,565/Year

Students Taking Out Loans

65%

Loan Default Rate

8.3%

Unlike the previously mentioned aids, student loans are self-help aids, which means you will have to either earn or pay back the aids that you receive through this kind of aid. UWM loans are provided by both federal and private sources. Let’s look at some of both.

Federal Loans

The provider of these loans is the U.S. Department of Education. The direct loan programs that you can avail are:

  • Federal Direct Subsidized Loan

  • Federal Direct Unsubsidized Loan

  • Federal Direct Parent PLUS Loan

  • Federal Direct Graduate PLUS Loan

Some other federal loans are:

  • Minority Teacher Loan: This loan is for those students who are seeking teaching degrees, and belong to African American, American Indian, Hispanic, and South-east Asian communities.

  • Federal Nursing Student Loan: Junior, senior, second-degree candidate, or a graduate student who are seeking a nursing degree are eligible to avail this loan.

Private Loans

Something to keep in mind while applying for private loans is that they are not subsidized by the government, and are not guaranteed. These kinds of loans are subject to the lenders’ approval. 

If you ask us, it is advisable to apply for Federal loans. You can learn more about the details for loans on UWM portal which is a one-stop portal for everything you would need to know about loans.

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