$5,093

Avg. Federal Grant

$5,638

Avg. Federal Loan

$47,897,402

Total Aid Awarded

Wofford College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$47.897M

Financial Aid Official Website

www.wofford.edu/financialaid

As many as 98% of the students at WC get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,430,811 in a year. At WC, the total percentage of applicants who receive the Federal Grant stands at 18%. In comparison, 98% of the students are awarded the Student Grant, 95% get the Institution Grant, and 18% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,274, while the same comes to $7,642 for State Grant receivers and $27,406 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,609. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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 Wofford College, the percentage of candidates who opt to avail of student loans is around 43%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

16%

State Grant Aid

53%

Institution Grant Aid

96%

Pell Grant

16%

Average Aid Awarded

Federal Grant Aid

$5,093

State Grant Aid

$7,583

Institution Grant Aid

$24,994

Pell Grant

$4,455

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$40,800

$30,001 - $48,000

$38,596

$48,001 - $75,000

$35,010

$75,001 - $110,000

$31,680

Over $110,000

$26,779

Student Loans for Wofford College

Average Loan Amount Average Loan Amount received per year.

$9,063/Year

Students Taking Out Loans

47%

Loan Default Rate

3.5%

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