Willamette University Financial Aid and Scholarships
Students Receiving Aid
90%
Total Aid Amount
$48.391M
Financial Aid Official Website
www.willamette.edu/offices/finaid/
It is interesting to note that almost every student at WU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $5,227,926. For additional information about financial assistance schemes, one can head over to WU’s financial aid page at http://www.willamette.edu/offices/finaid/. Notably, a total of 26% of the applicants to Willamette University receive the Federal Grant every year. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 26% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $6,854, and the same stands at $3,200 for State Grant awardees and $26,179 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,480. 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 $39,342 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $39,557 and $36,744, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $30,667. And, for those with a family income of more than $110,000, the amount stands at $24,808. 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. Candidates are also required to repay these loans within a given period. At Willamette University, the percentage of candidates who opt to avail of student loans is around 59%.
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