$4,573

Avg. Federal Grant

$4,950

Avg. Federal Loan

$11,665,920

Total Aid Awarded

William Carey University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

64%

Total Aid Amount Average Total Aid Awarded per year.

$11.666M

Financial Aid Official Website

www.wmcarey.edu

Such schemes include Academic Scholarship, Annie P. Smith Butler Endowed Scholarship, Annie Ward Byrd Scholarship, and Aura Neely-Gary Memorial Scholarship Fund. As many as 99% of the students at WCU get some sort of financial aid, and the total amount of assistance/loans provided is more than $11,558,999 in a year. More information regarding the financial assistance schemes can be accessed on WCU’s official financial aid page at http://www.wmcarey.edu. The total percentage of candidates applying to William Carey University who receive the Federal Grant is 44%. In comparison, 99% of the students are awarded the Student Grant, 98% get the Institution Grant, and 41% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,559, and the same stands at $2,489 for State Grant awardees and $9,004 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,084. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $7,700 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $7,850 and $8,521, respectively. On the other hand, the average federal aid stands at $13,300 for those with an annual family income between $75,001 and $110,000, and at $7,275 for an income more than $110,000. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 53% of the applicants to William Carey University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

96%

State Grant Aid

23%

Institution Grant Aid

88%

Pell Grant

82%

Average Aid Awarded

Federal Grant Aid

$4,573

State Grant Aid

$2,110

Institution Grant Aid

$6,250

Pell Grant

$4,620

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,825

$30,001 - $48,000

$8,100

$48,001 - $75,000

$8,675

$75,001 - $110,000

$12,800

Over $110,000

$7,310

Student Loans for William Carey University

Average Loan Amount Average Loan Amount received per year.

$4,968/Year

Students Taking Out Loans

82%

Loan Default Rate

7.1%

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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