$5,131

Avg. Federal Grant

$5,316

Avg. Federal Loan

$13,662,437

Total Aid Awarded

Westminster College (MO) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$13.662M

Financial Aid Official Website

www.westminster-mo.edu/admissions/finaid/default.html

Interestingly, almost all of the students at WC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $3,938,177 in a year. For additional information about financial assistance schemes, one can head over to WC’s financial aid page at http://www.westminster-mo.edu/admissions/finaid/default.html. The total percentage of candidates applying to Westminster College who receive the Federal Grant is 47%. On the other hand, 100% of the candidates get the Student Grant, 99% receive the Institution Grant, and 46% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,640, and the same stands at $2,096 for State Grant awardees and $16,259 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $4,444. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $19,045 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $21,208 and $18,344, respectively. On the other hand, the average federal aid stands at $18,347 for those with an annual family income between $75,001 and $110,000, and at $16,281 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. 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. Every year, around 94% of the applicants to Westminster College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

39%

State Grant Aid

44%

Institution Grant Aid

99%

Pell Grant

39%

Average Aid Awarded

Federal Grant Aid

$5,131

State Grant Aid

$2,140

Institution Grant Aid

$15,071

Pell Grant

$4,187

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,189

$30,001 - $48,000

$22,218

$48,001 - $75,000

$21,721

$75,001 - $110,000

$17,338

Over $110,000

$13,539

Student Loans for Westminster College (MO)

Average Loan Amount Average Loan Amount received per year.

$6,476/Year

Students Taking Out Loans

91%

Loan Default Rate

6.6%

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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