Need-Based Aid

Need-Based Aid

Washington and Lee University meets 100% of the institutionally determined need for all students entirely through university grant, federal and state grant, and campus work. Last year, more than half the entering class received aid with an average award of more than $50,000. Transfer applicants, though not eligible for merit scholarships, are eligible to apply for university need-based grants.

Our no-loan commitment means we won’t use loans to meet demonstrated need, but, for families who qualify, federal loans for both students and parents may be offered as an option to cover the family's contribution. This means that approximately 67% (over 5-year average) of W&L students graduate without debt.

University Grants

Need-Based
Eligibility for university need-based grant or for the W&L Promise is based on a careful assessment of the family's income and assets, and need-based grants are available to all eligible students who complete the required financial aid documents by the relevant deadline. Grant amounts will vary depending on a family’s financial situation.

International Aid

Need and Merit-Based
Washington and Lee University provides both need-based and merit-based assistance to international students in each entering class. Awards range from several thousand dollars to the full annual cost of attendance.

Federal Aid

Need-Based
Eligibility for any federally funded need-based grant, federal student and/or parent loan, or federal work-study requires the submission of the FAFSA (Free Application for Federal Student Aid). Students must reapply for these awards each year.

Work Study

Need-Based
Washington and Lee University has a comprehensive campus employment program available to any student who is currently receiving some form of financial assistance. Students that are awarded Work Study may request positions in academic, administrative, or athletic offices.

Support for Veterans

Military
The Post-9/11 GI Bill pays up to the highest public in-state undergraduate tuition and fees. The Yellow Ribbon GI Education Enhancement Program allows colleges and universities to voluntarily enter into an agreement with the VA to fund tuition expenses that exceed that amount.

Office of Financial Aid