$4,519

Avg. Federal Grant

$5,578

Avg. Federal Loan

$48,534,685

Total Aid Awarded

Southeastern University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$48.535M

Financial Aid Official Website

www.seu.edu/financial/

It is interesting to note that, every year, around 99% of students at SU receive some kind of financial aid, while the total amount of assistance/loans provided is $22,866,666. For additional information about financial assistance schemes, one can head over to SU’s financial aid page at http://www.seu.edu/financial/. At SU, the total percentage of applicants who receive the Federal Grant stands at 48%. In comparison, 96% of the students are awarded the Student Grant, 91% get the Institution Grant, and 48% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,783, while the same comes to $4,563 for State Grant receivers and $8,103 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,553. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $12,847 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $13,011, while those falling in the $48,001-$75,000 income category get $12,587 a year. Those with an annual income level of $75,001-$110,000 would receive $11,161, while candidates with more than $110,000 of family income receive an average federal aid of $9,517. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At SU, an estimated number of 65% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

47%

Institution Grant Aid

91%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$4,519

State Grant Aid

$4,204

Institution Grant Aid

$7,834

Pell Grant

$4,452

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,156

$30,001 - $48,000

$13,471

$48,001 - $75,000

$11,335

$75,001 - $110,000

$9,960

Over $110,000

$8,454

Student Loans for Southeastern University

Average Loan Amount Average Loan Amount received per year.

$6,287/Year

Students Taking Out Loans

65%

Loan Default Rate

7.3%

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