Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 3,073, which is 48.67 % of all undergraduate students. 1,611 students which is 25.67% of undergraduate students received federal student loans and the average loan amount is $6,241.

For full-time, first-time beginning students (freshmen), 43.11% of students received grants or scholarships and 25% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at William & Mary since 2013.

For that period, the average number of students who received grants aid/scholarships is 3,073, which is 48.67 % of all undergraduate students. 1,611 students which is 25.67% of undergraduate students received federal student loans and the average loan amount is $6,241.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,721 (44%)$14,779719 (12%)$4,1761,787 (29%)$6,440
2014-152,769 (44%)$15,596696 (11%)$4,3261,734 (28%)$6,364
2015-162,921 (47%)$16,273711 (11%)$4,2731,672 (27%)$6,270
2016-172,915 (46%)$17,140698 (11%)$4,3241,689 (27%)$6,370
2017-183,051 (49%)$19,009759 (12%)$4,6901,606 (26%)$6,259
2018-193,131 (49%)$19,449750 (12%)$4,7181,602 (25%)$6,114
2019-203,010 (48%)$20,327731 (12%)$4,8671,467 (23%)$6,217
2020-213,331 (53%)$19,403766 (12%)$5,0911,421 (23%)$6,069
2021-223,804 (58%)$18,578834 (13%)$5,1631,522 (23%)$6,070
Average3,073 (48.67%)$17,839740 (11.78%)$4,6251,611 (25.67%)$6,241
*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.

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

For the last 10 years, on average, 663 (43.11 % of students) received grants or scholarships and its average amount is $19,114. It can cover 38.68% of tuition & fees ($49,412) based on out-of-state rate.

In addition, 391 (25.33 % of students) students get helped from the students loans (average amount : $8,288).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14511 (35%)$16,386390 (26%)$6,842
2014-15537 (36%)$18,179420 (28%)$7,134
2015-16573 (38%)$17,928383 (25%)$8,338
2016-17597 (40%)$18,738408 (27%)$7,636
2017-18681 (45%)$21,792378 (25%)$7,654
2018-19657 (43%)$20,591404 (26%)$7,734
2019-20630 (41%)$21,578343 (22%)$10,462
2020-21672 (44%)$21,700351 (23%)$9,912
2021-221,105 (66%)$15,134445 (26%)$8,882
Average663 (43.11%)$19,114391 (25.33%)$8,288
*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, 163 (10.67 % of students) received Pell (federal) grants and its average amount is $4,694.

In addition, 173 students received State/local government grants/scholarships (11.22 % 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
2013-14144 (10%)$4,37713 (1%)$8,081205 (14%)$8,561399 (27%)$14,744
2014-15146 (10%)$4,1682 (0%)$7,000232 (15%)$10,557422 (28%)$15,854
2015-16135 (9%)$4,30439 (3%)$4,399150 (10%)$10,727496 (33%)$15,950
2016-17160 (11%)$4,29314 (1%)$3,649241 (16%)$10,272477 (32%)$16,715
2017-18194 (13%)$4,8071 (0%)$922135 (9%)$13,218650 (43%)$18,649
2018-19160 (10%)$4,7787 (0%)$3,748162 (10%)$12,733643 (42%)$16,601
2019-20157 (10%)$5,01727 (2%)$2,509145 (9%)$13,692609 (40%)$17,657
2020-21169 (11%)$5,35347 (3%)$2,544152 (10%)$12,132635 (42%)$18,447
2021-22199 (12%)$5,152432 (26%)$848137 (8%)$12,866700 (42%)$19,385
Average163 (10.67%)$4,69465 (6.00%)$3,744173 (11.22%)$11,640559 (36.56%)$17,111
*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, 391 (25.33 % of students) get any students loan help and its average loan amount is $391.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14390 (26%)$6,842379 (26%)$5,23335 (2%)$19,570
2014-15420 (28%)$7,134412 (27%)$5,47936 (2%)$20,526
2015-16383 (25%)$8,338370 (24%)$5,37059 (4%)$20,454
2016-17408 (27%)$7,636403 (27%)$5,52745 (3%)$19,737
2017-18378 (25%)$7,654369 (24%)$5,24850 (3%)$19,137
2018-19404 (26%)$7,734392 (25%)$5,03957 (4%)$20,165
2019-20343 (22%)$10,462328 (21%)$5,19182 (5%)$22,997
2020-21351 (23%)$9,912329 (22%)$5,13265 (4%)$27,548
2021-22445 (26%)$8,882427 (25%)$5,11178 (5%)$22,690
Average391 (25.33%)$8,288379 (24.56%)$5,25956 (3.56%)$21,425

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