Real Life Examples
The following examples illustrate five different family scenarios. Please keep in mind that these are sample cases. Each student who applies for aid will be reviewed on an individual basis.
Mary comes from a Virginia household with seven in the family. Mary is the only child attending college this year. Their income is $10,557 and they do not own a house or have any substantial assets. Mary's cost of attendance is $70,550 and her total grant package is $70,550.
Taylor's family lives in Wisconsin. He has four in his family but he is the only one attending college this year. Their income is $58,462 and they own a small house with $15,000 in equity. They also have a small business valued at $10,000. Taylor's cost of attendance is $71,370 and his total grant package is $65,186.
Emily comes from a Georgia household consisting of her father and herself. Emily's parents are divorced and the parent's combined income is $83,641. Emily's father owns a home with equity of $65,000. They have about $17,000 in cash. Emily's cost of attendance is $71,670 and her total grant package is $60,570.
Anna is from Maryland with seven in the family and two attending college this year. The family income is $103,223. Anna's family owns their house with $200,000 in equity. In addition, they have $137,000 in other assets. Anna's cost of attendance is $71,270 and her total grant package is $40,530.
Michael comes from a New York family of four. Michael is the only child attending college this year. The household income is $132,844 and they own a home with $325,000 of equity. Michael's cost of attendance is $70,620 and his total grant package is $35,786.
W&L Grant Aid by Parent Income
Class of 2022 domestic U.S. students (university need-based grant application submitted)
|Income||Average Family Contribution||Percent of Families Receiving Award|
|$190,000 and above||$29,989||90%|
|$250,000 and above||$62,489||31%|