Includes an overview of aid available at Washington and Lee, university and federal requirements for academic progress, loan rates, descriptions, disbursement and repayment schedules and more.
To be eligible for financial aid, undergraduate students are required by the Department of Education to make satisfactory academic progress towards completion of their degree.
To be eligible for financial aid, law students are required by the Department of Education to make satisfactory academic progress towards completion of their degree.
The Financial Aid Office is required by federal statute to recalculate federal financial aid eligibility for students who withdraw, drop out, are dismissed, or take a leave of absence prior to completing 60% of a payment period or term. The federal Title IV financial aid programs must be recalculated in these situations.
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.