Annual Report 2020-21
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 2020-21 academic year. The data collected encompasses all enrolled FAFSA and non-FAFSA filer Â鶹´«Ã½s for the 2020-21 academic year (Summer II 2020, Fall 2020, Spring 2021 and Summer I 2021). Most Â鶹´«Ã½s are eligible for some type of financial aid and we encourage all Â鶹´«Ã½s to annually file the Free Application for Federal Student Aid (FAFSA).
76.07%of Â鶹´«Ã½s utilized some type of financial aid. | 21.51%of Â鶹´«Ã½s received a Federal Pell Grant. | 49.05%of Â鶹´«Ã½s 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 Â鶹´«Ã½ 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 Â鶹´«Ã½ life and helps to ease financial burdens.
| 5,965 Â鶹´«Ã½ employees on campus $11 average wages earned by Â鶹´«Ã½s |
STUDENT FINANCIAL AID STATISTICS
Each year our office provides not only financial aid support services to our Â鶹´«Ã½s, 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.
3,143 Bronco Express drop-ins Numbers are drastically smaller due to the nature of the pandemic. | 
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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 2020-21 academic aid year.