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Washington and Lee University

Washington and Lee University
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Types of Aid

Financial aid is any assistance made available to a family to help them with educational costs.  The primary forms of aid are scholarships, grants, loans, and work-study.  Scholarships are awarded by the University and outside agencies based on a student's merit.  Other forms of aid, such as grants, loans, and work-study, are generally awarded to a family based on their demonstrated financial need.  Financial need is determined by calculating how much a family can contribute to education based on their income and assets. 

Eligibility for institutional need-based grant requires the submission of a complete institutional need-based application.

Eligibility for federal grants, loans, and/or work study requires the submission of the FAFSA.

Institutional Scholarships and Grants:  Aid awarded by Washington and Lee University based on either merit or need.

Questbridge National College Match Program: Helps outstanding low-income high school seniors gain admission and full four year scholarships.

Federal Grants:  Awarded by the federal government for students with high need.

State Grants:  Virginia, Pennsylvania, and Rhode Island award grants to residents of their states which can be used at Washington and Lee.

Loans for Students:  Nearly all students are eligible to receive federal loans regardless of credit. 

Loans for Parents: The federal government offers the Parent PLUS loan as a non-need credit based loan to help families meet their contribution.  Parents can borrow up to the cost of attendance for their undergraduate children. 

Work-study:   Students use funds earned through campus employment to help meet their educational costs.

Yellow Ribbon and Other Veterans Education Benefits: Educational assistance for veterans and their dependents

Tuition Exchange/Tuition Benefit:  Tuition program offered to children of Washington and Lee employees.