$5,390

Avg. Federal Grant

$5,088

Avg. Federal Loan

$34,560,153

Total Aid Awarded

Washington College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$34.560M

Financial Aid Official Website

https://www.washcoll.edu/offices/student-financial-aid/index.php

Students can avail of scholarships provided by the college, such as Carnegie Dartlet $10,000 Scholarship, Christa McAuliffe Scholarship, Community Service Scholarship for Multicultural Students, and Developmental Disabilities, Mental Health, Child Welfare, and Juvenile Justice Workforce Tuition Assistance Program, if they find educational expenses to be on the higher side. 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 $5,259,243. Notably, a total of 28% of the applicants to Washington College receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 28% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,375, and the same stands at $6,267 for State Grant awardees and $30,408 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,890. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At WC, an estimated number of 70% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

26%

State Grant Aid

15%

Institution Grant Aid

96%

Pell Grant

26%

Average Aid Awarded

Federal Grant Aid

$5,390

State Grant Aid

$6,638

Institution Grant Aid

$27,564

Pell Grant

$4,723

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$46,756

$30,001 - $48,000

$39,352

$48,001 - $75,000

$35,528

$75,001 - $110,000

$30,416

Over $110,000

$24,057

Student Loans for Washington College

Average Loan Amount Average Loan Amount received per year.

$6,524/Year

Students Taking Out Loans

72%

Loan Default Rate

4%

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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