Washington and Lee University
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.
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.
Other Scholarships and Grants: Information regarding scholarships and awards offered through independent organizations.
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 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.