Student Financial Aid

Annual Report 2021-22

OVERVIEW

Financial aid is offered in the form of loans, grants, scholarships and work-study and our report is broken down into these four categories for the 2021-22 academic year. The data collected encompasses all enrolled FAFSA and non-FAFSA filer students for the 2021-22 academic year (Summer II 2021, Fall 2021, Spring 2022 and Summer I 2022). Most students are eligible for some type of financial aid and we encourage all students to annually file the Free Application for Federal Student Aid (FAFSA).

65.51%

of students utilized some type of financial aid.

18.94%

of students received a Federal Pell Grant.

36.08%

of students received at least one scholarship.

LOANS

Loans are considered borrowed funds that need to be repaid with interest. Federal loans often have the best interest rate, but private alternative loans are another great way to supplement financing educational costs.

GRANTS

Grants are gift funds that are typically offered based on financial need that do not need to be repaid.

SCHOLARSHIPS

Scholarships and grants are types of financial aid that do not need to be repaid. They are a great way to pay for educational costs and may reduce the need for student loans. Scholarships are supported by the WMU, the state and external sources.

STUDENT EMPLOYMENT

Student employment can aid in paying for indirect costs. Student employment offers the opportunity to explore career options, obtain transferable skills, work with faculty and staff who understand student life and helps to ease financial burdens.

2,545 student employees on campus

$10.63 average wages earned by students

STUDENT FINANCIAL AID STATISTICS

Each year our office provides not only financial aid support services to our students, but to our campus community, providing financial aid education and assistance. We support everything from one-on-one appointments to large campus events to community involvement and more.

5,056 Bronco Express drop-ins
362 Student Financial Aid appointments
51 outreach events supported on-campus
4 outreach events supported off-campus
1,500-2,000 participants served during on/off-campus outreach events

Disclaimer: Please note that the data provided is reported and collected each year on June 30 through the Office of Student Financial Aid for the 2021-22 academic aid year.