Scholarships, Grants, and Loan Trends at WSU

5%

Received Percent Changed

$2,927

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 12,931, which is 74.67 % of all undergraduate students. 8,469 students which is 48.67% of undergraduate students received federal student loans and the average loan amount is $6,954.

For full-time, first-time beginning students (freshmen), 93.56% of students received grants or scholarships and 44% 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 Wayne State University since 2014.

For that period, the average number of students who received grants aid/scholarships is 12,931, which is 74.67 % of all undergraduate students. 8,469 students which is 48.67% of undergraduate students received federal student loans and the average loan amount is $6,954.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1512,772 (70%)$6,7448,530 (46%)$4,27510,416 (57%)$7,384
2015-1612,543 (71%)$7,2767,924 (45%)$4,3199,584 (54%)$7,223
2016-1712,376 (72%)$7,2757,504 (44%)$4,2879,162 (53%)$7,241
2017-1812,624 (73%)$7,6527,645 (44%)$4,7338,955 (52%)$6,897
2018-1913,372 (76%)$7,8357,785 (44%)$4,8938,808 (50%)$6,776
2019-2013,783 (78%)$8,4357,603 (43%)$5,0688,723 (49%)$6,776
2020-2113,803 (79%)$8,6307,532 (43%)$5,1817,640 (44%)$6,639
2021-2213,185 (78%)$8,9107,405 (44%)$5,4156,598 (39%)$6,783
2022-2311,925 (75%)$9,6716,868 (43%)$5,5596,339 (40%)$6,868
Average12,931 (74.67%)$8,0487,644 (44.00%)$4,8598,469 (48.67%)$6,954
*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, 2,429 (93.56 % of students) received grants or scholarships and its average amount is $9,872. It can cover 28.49% of tuition & fees ($34,650) based on out-of-state rate.

In addition, 1,131 (43.89 % of students) students get helped from the students loans (average amount : $5,945).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,863 (89%)$8,5121,135 (54%)$5,456
2015-162,122 (91%)$10,5061,087 (47%)$5,654
2016-172,163 (90%)$9,6821,085 (45%)$5,897
2017-182,281 (89%)$9,5181,264 (49%)$5,857
2018-192,860 (97%)$9,2431,442 (49%)$6,142
2019-202,782 (97%)$9,8321,355 (47%)$6,197
2020-212,948 (98%)$10,0911,158 (38%)$5,526
2021-222,511 (96%)$10,605823 (32%)$6,437
2022-232,335 (95%)$10,862833 (34%)$6,336
Average2,429 (93.56%)$9,8721,131 (43.89%)$5,945
*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, 1,258 (48.67 % of students) received Pell (federal) grants and its average amount is $5,254.

In addition, 206 students received State/local government grants/scholarships (8.00 % 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
2014-151,046 (50%)$4,772307 (15%)$1,528207 (10%)$6901,847 (88%)$5,552
2015-161,100 (47%)$4,844446 (19%)$1,917195 (8%)$6472,111 (91%)$7,572
2016-171,050 (44%)$4,676404 (17%)$1,876337 (14%)$6532,150 (90%)$7,002
2017-181,257 (49%)$5,141396 (15%)$1,900209 (8%)$1,0342,176 (85%)$6,562
2018-191,418 (48%)$5,212471 (16%)$1,902239 (8%)$1,0332,786 (94%)$6,426
2019-201,350 (47%)$5,4411,194 (42%)$1,405231 (8%)$1,0162,687 (94%)$6,735
2020-211,510 (50%)$5,485976 (32%)$1,957225 (7%)$1,0572,884 (96%)$6,698
2021-221,345 (52%)$5,812826 (32%)$2,67893 (4%)$1,0922,431 (93%)$6,787
2022-231,242 (51%)$5,901690 (28%)$1,940117 (5%)$1,5132,208 (90%)$7,481
Average1,258 (48.67%)$5,254634 (24.00%)$1,900206 (8.00%)$9712,364 (91.22%)$6,757
*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, 1,131 (43.89 % of students) get any students loan help and its average loan amount is $1,131.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-151,135 (54%)$5,4561,129 (54%)$5,09349 (2%)$9,026
2015-161,087 (47%)$5,6541,081 (47%)$5,22858 (3%)$8,531
2016-171,085 (45%)$5,8971,072 (45%)$5,15879 (3%)$11,006
2017-181,264 (49%)$5,8571,251 (49%)$5,113100 (4%)$10,067
2018-191,442 (49%)$6,1421,442 (49%)$5,076147 (5%)$10,460
2019-201,355 (47%)$6,1971,337 (47%)$5,067147 (5%)$11,032
2020-211,158 (38%)$5,5261,148 (38%)$4,80779 (3%)$11,147
2021-22823 (32%)$6,437798 (31%)$5,06095 (4%)$13,265
2022-23833 (34%)$6,336811 (33%)$5,08892 (4%)$12,513
Average1,131 (43.89%)$5,9451,119 (43.67%)$5,07794 (3.67%)$10,783

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