Bridging the Gap — Scholarships and Financial Aid at Washington and Lee University

Bridging the Gap SCHOLARSHIPS AND FINANCIAL AID AT WASHINGTON AND LEE UNIVERSITY

Merit-Based Scholarships Ensuring Affordability THE JOHNSON SCHOLARSHIP TheAt Johnson Scholarship is W&L’s singular, meritfirst glance, a private college maycomprehensive seem out of reach. based award. Johnson Scholars embody the university’s enduring We encourage you to look closer. goals: to prepare individuals to lead, use their talents to serve society, and build lives of consequence, honor and integrity.

We are committed to making the W&L college experience

The Scholarship is a four-year merit award covering the full cost affordable and meeting 100% of every admitted student’s of tuition, room and board and is awarded annually to up to 44 entering first-year students who meet the highest standards of demonstrated financial need through grants, scholarships academic ability and leadership promise.

and guaranteed campus work without the need for loans.

TheWe scholarship providesfinancial a Summer barriers Enhancement up work toalso eliminate thatgrant mayofprevent to $7,000 to fund internships, community service projects, facultystudents from exploring allexperiences, of the opportunities supervised research, international or leadershipand projects.

advantages a W&L education offers.

The of Johnson Types Aid Program in Leadership and Integrity

MERIT SCHOLARSHIPS W&L offers a number of merit-based awards to high achieving students GO.WLU.EDU/JOHNSON including the prestigious Johnson Scholarship. The Johnson Scholarship is a four-year award that covers at least tuition, room and board that is awarded to high-achieving first-year students.

NEED-BASED FINANCIAL AID “Many Johnson Scholars, including Need-based grants are awarded based on the demonstrated financial me, have grown in ways that we need assessed through a financial aid application. A complete financial couldn’t have imagined when we is aid application consists of the CSS Profile, FAFSA and taxes. Eligibility based on an assessment of the family’s income andfirst assets. came to W&L.”

QUESTBRIDGE PARTNER

— JORDAN LAPOINTE W&L partners with QuestBridge, a national non-profit organization, to assist low-income, high-achieving students with college applications.

QuestBridge connects students with admission and scholarships to W&L and 40 other partner colleges and universities.

GO.WLU.EDU/TYPESOFAID

Merit and Need-Based Aid QUESTBRIDGE W&L partners with QuestBridge, a national non-profit organization, to assist low-income, high-achieving students with college admissions and scholarships. Almost 10 percent of each entering class at W&L is made up of QuestBridge students Students apply through Questbridge in one of two ways. One way to apply is through the National College Match Program, an earlyadmission option in which students complete one application and apply early to up to 12 colleges. Applicants agree to attend the school that ranks highest on their list and admits them. Students who list W&L as a preference and is admitted will receive a no-loan financial aid award valued at the full cost of attendance.

The QuestBridge Regular Decision process option enables students to apply to partner colleges for free via the regular admissions process using their QuestBridge application.

GO.WLU.EDU/QUESTBRIDGE

“My experiences taught me to take more opportunities and open doors for myself — ones I might not have originally thought possible.”

— STEPHANIE WILLIAMS

Need-Based Aid THE W&L PROMISE The W&L Promise guarantees a minimum grant of tuition to any undergraduate student admitted to W&L with a total family income below $100,000 and assets typical for their income. Furthermore, students may be eligible for additional grants to cover room, board, and other educational expenses.

GRADUATE WITHOUT LOAN DEBT W&L awards institutional, federal, and state grants plus $2,000 in student employment to meet a student’s demonstrated need. Loans (borrowed money that must be paid back) are are not included in W&L financial aid award packages, in an effort to alleviate debtburden.

AID THAT TAKES YOU PLACES Need-based financial aid awarded by W&L is portable, meaning that you can use it to pay for your Fall, Winter and Spring term study abroad. In most cases, the cost for a study-abroad experience should be comparable to a term at W&L.

INTERNATIONAL STUDENT GRANTS W&L provides both need-based and merit-based aid to students who are not citizens or permanent residents of the U.S. Awards range from several thousand dollars to the full annual cost of attendance.

All merit-based aid, including international student aid, is awarded through the Johnson Scholarship Program.

W&L is frequently named as one of the nation’s best college values.

And the numbers prove it.

Merit-Based Scholarships THE JOHNSON SCHOLARSHIP The Johnson Scholarship is W&L’s singular, comprehensive meritbased award. Johnson Scholars embody the university’s enduring goals: to prepare individuals to lead, use their talents to serve society, and build lives of consequence, honor and integrity.

The Scholarship is a four-year merit award covering the full cost of tuition, room and board and is awarded annually to up to 44 entering first-year students who meet the highest standards of academic ability and leadership promise.

The scholarship also provides a Summer Enhancement grant of up to $7,000 to fund internships, community service projects, facultysupervised research, international experiences, or leadership projects.

The Johnson Program in Leadership and Integrity

GO.WLU.EDU/JOHNSON

“Many Johnson Scholars, including me, have grown in ways that we couldn’t have imagined when we first came to W&L.” — JORDAN LAPOINTE

Determining Need ALL APPLICANTS ARE INVITED TO APPLY FOR FINANCIAL AID. A school’s “sticker price” is the published amount for tuition, room and board. Your cost is the amount you will actually pay once a financial aid award (including any grants or scholarships) is factored into the equation. W&L’s 2020-2021 costs for tuition, room and board is $69,675. Last year, more than half the entering class received aid with an average award of $51,383.

Financial Need is the difference between W&L’s Cost of Attendance (direct and indirect costs like tuition, room and board, books and transportation) and the Expected Family Contribution (EFC).

Determining a student’s financial need — and the resulting aid award — is calculated using the FAFSA and CSS Profile aid application.

CALCULATING EXPECTED FAMILY CONTRIBUTION (EFC) Many factors may affect the (EFC), including: family size, number of siblings enrolled in college, parents’ income and assets (in cases of divorce or separation, financial information from both parents is required), student’s income and assets. Not all families fit into the standard application so we work to address each unique situation.

Once EFC is calculated, a student’s financial need will be fully met with a combination of grants (W&L funds that do not have to be repaid) and a $2,000 per year student work award. Our no-loan commitment means we won’t use loans to meet demonstrated need, but, for families who qualify, federal loans for both students and parents may be offered as an option to cover the family’s contribution.

#19 #3

BEST VALUE, NATIONAL LIBERAL ARTS COLLEGEST

U.S. News and World Report

BEST VALUES IN LIBERAL ARTS COLLEGE Kiplinger’s Personal Finance

#10 #26

BEST VALUE COLLEGE IN U.S.

Niche

BEST COLLEGE FOR YOUR MONEY Time/Money Magazine

Financial Aid by the Numbers 100%

OF NEED MET without the need for loans

51%

RECEIVED AID

$51,000+

AVERAGE AID AWARD For first year students

44

JOHNSON SCHOLARS

in the class of 2019

annually

$49 Million

67%

AWARDED ANNUALLY

as need based financial aid

GRADUATE WITHOUT DEBT on average

Questions and Answers W&L offers online calculators to estimate costs while factoring in financial aid.

MYINTUITION The MyinTuition Quick College Cost Calculator asks six basic financial questions and gives you an early estimate of the amount your family will need to contribute for one year at W&L.

NET PRICE CALCULATOR The net price calculator requires a few more documents and takes longer to complete than MyinTuition but may provide a more accurate estimate.

CONTACT US (540) 458-8717 financialaid@wlu.edu wlu.edu/financial-aid Office of Financial Aid 204 West Washington Street Lexington, VA 24450

A visit to Lexington, Virginia is a great way to help you decide if W&L is right for you. But if a visit isn’t possible, there are other ways to get to know us better. Take a virtual tour, sign up for a virtual information session, or register for one-on-one conversations with our admissions officers. In-person or online, we would love to hear from you! go.wlu.edu/admissions (540) 458-8710 go.wlu.edu/visit

THERE IS MORE THAN ONE WAY TO GET TO KNOW US!

Visit us on campus or online.

204 W. Washington St. | Lexington, VA 24450-2116

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