Washington and Lee University
Need Based Grants: Washington and Lee University provides generous need based grants. The application process details can be found on the web site at Need Based Aid.
Merit Based Scholarships: All Washington and Lee University merit based scholarships are awarded through the Johnson Scholarship Program.
Pell Grant: The PELL grant is awarded to undergraduate students with high need. Eligibility is determined by the federal prossessor and requires submission of the FAFSA.
FSEOG: The Federal Supplemental Education Opportunity Grant (FSEOG) is awarded to undergraduate students with high need as determined by the federal processor. Students must be eligible for the Pell grant to receive the FSEOG.
ACG: The Academic Cmpetetiveness Grant (ACG) is awarded to undergraduate students with high need during their first two years of college. Students must have completed a rigorous high school curriculum and be eligible for the Pell grant to receive the ACG. Awards range from $750.00 to $1,350 per year.
SMART: The SMART grant is awarded to undergadate juniors and senior with high need. Students must be in an eligible major and also be eligible for the Pell grant to receive the SMART grant. Awards are up to $4000.00 per year.
ROTC: The Army ROTC Program offers scholarships and stipends to all eligible students.
VTAG: The Virginia Tuition Assistance Grant (VTAG) is awarded to undergraduate and graduate students who have submitted a VTAG application and have been determined to be residents of the state of Virginia. Please see our VTAG website for details.
Information regarding scholarships and awards offered through independent organizations can be found at Other Scholarship Opportunities.
Loans
Stafford Loans are federal student loans made available to university students to supplement personal and family resources, scholarships, grants, and work-study. Nearly all students are eligible to receive Stafford loans regardless of credit. Stafford loans may be subsidized by the U.S. Government or unsubsidized depending on the student's need. Please visit the Federal Loans page for more information.
Subsidized Stafford Loans
Unsubsidized Stafford Loans
Federal Parent PLUS Loans are non-need based loans that help parents and guardians borrow up to the cost of attendance for their undergraduate children. Eligibility for the PLUS Loan depends on a modest credit check. The interest rate on the PLUS Loan is fixed at 8.5%. Please visit the Federal Loans page for more information regarding the Parent PLUS Loan application process.
The Graduate PLUS loan, or GradPLUS loan, is a low, fixed interest rate student loan guaranteed by the U.S. Government. The Grad PLUS loan is a non-need credit based loan similar to a private student loan with the benefit of having a fixed interest rate and federal guarantee.
For more information regarding Grad PLUS loan eligibility or the application process please visit the Graduate Student Loans page.
Children of Washington and Lee employees may realize more assistance toward college tuition than the Washington and Lee tuition benefit. Tuition exchange offers 100% of the host college's tuition. There is no charge for application for tuition exchange; however, participants must pay a $1500 annual participation fee, which is matched by Washington and Lee. To be eligible for tuition exchange, the parent must be eligible for the W&L tuition benefit.
The tuition exchange colleges are: Birmingham-Southern College, Centenary College, Centre College, Furman University, Hendrix College, Millsaps College, Morehouse College, Rhodes College, Rollins College, Southwestern University, Spelman College, Trinity University, University of Richmond, and Sewanee: University of the South.
Employees with children interested in attending one of the tuition exchange colleges should call John DeCourcy in the Financial Aid Office at (540)-458-8716 for further information.
For more information on Tuition Payment Plans, please visit www.afford.com.