How W&L's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Washington and Lee University since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,105, which is 59.78 % of all undergraduate students. 371 students which is 20.00% of undergraduate students received federal student loans and the average loan amount is $6,052.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,098 (59%)	$35,915	179 (10%)	$4,098	408 (22%)	$6,675
2014-15	1,117 (59%)	$37,228	180 (10%)	$3,910	415 (22%)	$6,302
2015-16	1,066 (57%)	$37,083	170 (9%)	$4,063	378 (20%)	$6,137
2016-17	1,044 (57%)	$38,405	159 (9%)	$4,356	401 (22%)	$5,957
2017-18	1,076 (59%)	$40,813	174 (10%)	$4,444	421 (23%)	$5,853
2018-19	1,113 (61%)	$42,893	195 (11%)	$4,344	408 (22%)	$5,835
2019-20	1,134 (61%)	$46,111	186 (10%)	$4,561	352 (19%)	$5,926
2020-21	1,134 (62%)	$48,468	192 (11%)	$4,733	281 (15%)	$5,866
2021-22	1,161 (63%)	$50,487	193 (10%)	$4,808	275 (15%)	$5,920
Average	1,105 (59.78%)	$41,934	181 (10.00%)	$4,369	371 (20.00%)	$6,052

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 269 (57.22 % of students) received grants or scholarships and its average amount is $44,694. It can cover 69.27% of tuition & fees ($64,525).

In addition, 101 (21.33 % of students) students get helped from the students loans (average amount : $7,946).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	260 (54%)	$37,875	97 (20%)	$8,457
2014-15	261 (55%)	$39,931	104 (22%)	$7,283
2015-16	244 (54%)	$38,483	111 (24%)	$5,897
2016-17	267 (57%)	$39,671	116 (25%)	$7,284
2017-18	263 (56%)	$45,232	124 (26%)	$6,892
2018-19	292 (62%)	$47,199	101 (21%)	$6,588
2019-20	278 (60%)	$46,752	90 (19%)	$8,923
2020-21	259 (56%)	$51,537	79 (17%)	$12,473
2021-22	296 (61%)	$55,567	88 (18%)	$7,714
Average	269 (57.22%)	$44,694	101 (21.33%)	$7,946

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 49 (10.44 % of students) received Pell (federal) grants and its average amount is $4,386.

In addition, 71 students received State/local government grants/scholarships (15.11 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	47 (10%)	$3,760	40 (8%)	$1,803	63 (13%)	$2,894	233 (49%)	$40,413
2014-15	50 (11%)	$4,038	44 (9%)	$1,914	67 (14%)	$2,960	230 (49%)	$43,207
2015-16	28 (6%)	$4,038	23 (5%)	$2,017	59 (13%)	$3,134	218 (48%)	$41,494
2016-17	40 (9%)	$4,461	39 (8%)	$2,308	84 (18%)	$3,181	242 (52%)	$41,556
2017-18	54 (11%)	$4,592	46 (10%)	$2,352	63 (13%)	$3,255	245 (52%)	$46,265
2018-19	64 (14%)	$4,178	52 (11%)	$2,240	78 (16%)	$3,270	268 (57%)	$49,042
2019-20	51 (11%)	$4,756	46 (10%)	$2,489	90 (19%)	$3,376	240 (52%)	$51,401
2020-21	46 (10%)	$4,723	38 (8%)	$2,408	59 (13%)	$4,102	238 (52%)	$53,770
2021-22	59 (12%)	$4,926	51 (11%)	$2,677	80 (17%)	$4,206	275 (57%)	$57,034
Average	49 (10.44%)	$4,386	42 (8.89%)	$2,245	71 (15.11%)	$3,375	243 (52.00%)	$47,131

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 101 (21.33 % of students) get any students loan help and its average loan amount is $101.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	97 (20%)	$8,457	89 (19%)	$5,669	18 (4%)	$17,543
2014-15	104 (22%)	$7,283	99 (21%)	$5,620	12 (3%)	$16,757
2015-16	111 (24%)	$5,897	104 (23%)	$5,132	14 (3%)	$8,638
2016-17	116 (25%)	$7,284	108 (23%)	$5,065	18 (4%)	$16,555
2017-18	124 (26%)	$6,892	112 (24%)	$4,856	26 (6%)	$11,952
2018-19	101 (21%)	$6,588	94 (20%)	$4,626	19 (4%)	$12,133
2019-20	90 (19%)	$8,923	78 (17%)	$4,750	21 (5%)	$20,597
2020-21	79 (17%)	$12,473	61 (13%)	$4,878	27 (6%)	$25,474
2021-22	88 (18%)	$7,714	76 (16%)	$5,258	21 (4%)	$13,298
Average	101 (21.33%)	$7,946	91 (19.56%)	$5,095	20 (4.33%)	$15,883

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Scholarships, Grants, and Loan Trends at W&L

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time