Scholarships, Grants, and Loan Trends at Wofford

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,573, which is 92.78 % of all undergraduate students. 723 students which is 42.89% of undergraduate students received federal student loans and the average loan amount is $6,360.
For full-time, first-time beginning students (freshmen), 95.22% of students received grants or scholarships and 46% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Wofford College since 2013.
For that period, the average number of students who received grants aid/scholarships is 1,573, which is 92.78 % of all undergraduate students. 723 students which is 42.89% of undergraduate students received federal student loans and the average loan amount is $6,360.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,421 (88%)$26,210302 (19%)$4,176639 (40%)$6,445
2014-151,511 (91%)$27,174313 (19%)$4,194712 (43%)$6,397
2015-161,485 (89%)$28,372298 (18%)$4,169714 (43%)$6,369
2016-171,533 (91%)$29,135274 (16%)$4,235737 (44%)$6,416
2017-181,577 (94%)$30,372267 (16%)$4,452761 (45%)$6,515
2018-191,573 (94%)$32,012270 (16%)$4,609693 (42%)$6,394
2019-201,655 (96%)$33,309284 (17%)$4,616739 (43%)$6,289
2020-211,698 (96%)$34,643310 (18%)$4,958765 (43%)$6,231
2021-221,701 (96%)$36,082272 (15%)$5,052751 (43%)$6,184
Average1,573 (92.78%)$30,812288 (17.11%)$4,496723 (42.89%)$6,360

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

For the last 10 years, on average, 437 (95.22 % of students) received grants or scholarships and its average amount is $29,924. It can cover 55.31% of tuition & fees ($54,100).
In addition, 211 (45.78 % of students) students get helped from the students loans (average amount : $8,322).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14376 (91%)$24,528180 (43%)$7,971
2014-15456 (94%)$25,987239 (49%)$7,871
2015-16404 (91%)$27,639205 (46%)$7,143
2016-17411 (93%)$28,158202 (46%)$7,782
2017-18439 (97%)$29,645213 (47%)$9,063
2018-19455 (98%)$31,824202 (43%)$8,881
2019-20463 (98%)$31,958225 (47%)$9,406
2020-21481 (97%)$33,575221 (45%)$8,514
2021-22452 (98%)$36,005209 (46%)$8,264
Average437 (95.22%)$29,924211 (45.78%)$8,322
*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.
The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 80 (17.44 % of students) received Pell (federal) grants and its average amount is $4,524.
In addition, 245 students received State/local government grants/scholarships (53.33 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1487 (21%)$4,37458 (14%)$800214 (52%)$7,417364 (88%)$19,803
2014-1599 (20%)$4,12352 (11%)$903259 (53%)$7,708450 (92%)$20,885
2015-1673 (17%)$4,26647 (11%)$800215 (49%)$7,632395 (89%)$23,231
2016-1763 (14%)$4,14738 (9%)$1,034217 (49%)$7,716400 (91%)$23,995
2017-1873 (16%)$4,45547 (10%)$990240 (53%)$7,583433 (96%)$24,994
2018-1983 (18%)$4,69648 (10%)$1,000256 (55%)$7,642441 (95%)$27,406
2019-2088 (19%)$4,79455 (12%)$992260 (55%)$7,829450 (95%)$27,299
2020-2191 (18%)$4,95561 (12%)$1,019282 (57%)$7,669463 (93%)$29,101
2021-2262 (14%)$4,90431 (7%)$1,669261 (57%)$8,357440 (96%)$31,221
Average80 (17.44%)$4,52449 (10.67%)$1,023245 (53.33%)$7,728426 (92.78%)$25,326
*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..
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, 211 (45.78 % of students) get any students loan help and its average loan amount is $211.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14180 (43%)$7,971178 (43%)$5,54634 (8%)$13,164
2014-15239 (49%)$7,871238 (49%)$5,51044 (9%)$12,950
2015-16205 (46%)$7,143205 (46%)$5,43528 (6%)$12,502
2016-17202 (46%)$7,782200 (45%)$5,40428 (6%)$17,542
2017-18213 (47%)$9,063210 (46%)$5,63839 (9%)$19,141
2018-19202 (43%)$8,881201 (43%)$5,24347 (10%)$15,747
2019-20225 (47%)$9,406221 (47%)$5,28753 (11%)$17,886
2020-21221 (45%)$8,514220 (44%)$5,30636 (7%)$19,842
2021-22209 (46%)$8,264206 (45%)$5,10032 (7%)$21,140
Average211 (45.78%)$8,322209 (45.33%)$5,38538 (8.11%)$16,657
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