$4,939

Avg. Federal Grant

$5,164

Avg. Federal Loan

$35,761,283

Total Aid Awarded

Westminster College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

93%

Total Aid Amount Average Total Aid Awarded per year.

$35.761M

Financial Aid Official Website

https://www.westminstercollege.edu/undergraduate/tuition-and-aid

Students can avail of scholarships provided by the college, such as T.H. Bell Teaching Incentive Loan, if they find educational expenses to be on the higher side. As many as 99% of the students at WC get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,865,059 in a year. At WC, the total percentage of applicants who receive the Federal Grant stands at 29%. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 29% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,978, while the same comes to $1,774 for State Grant receivers and $21,905 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,758. 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. Every year, around 52% of the applicants to Westminster College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

25%

State Grant Aid

7%

Institution Grant Aid

99%

Pell Grant

25%

Average Aid Awarded

Federal Grant Aid

$4,939

State Grant Aid

$2,231

Institution Grant Aid

$19,758

Pell Grant

$4,548

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$25,983

$30,001 - $48,000

$24,104

$48,001 - $75,000

$24,433

$75,001 - $110,000

$22,676

Over $110,000

$18,790

Student Loans for Westminster College

Average Loan Amount Average Loan Amount received per year.

$6,215/Year

Students Taking Out Loans

57%

Loan Default Rate

3.2%

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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