$5,554

Avg. Federal Grant

$4,226

Avg. Federal Loan

$3,944,496

Total Aid Awarded

Southern Arkansas University Tech Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

70%

Total Aid Amount Average Total Aid Awarded per year.

$3.944M

Financial Aid Official Website

https://www.sautech.edu/financial-aid/

Notably, 75% of the students at Southern Arkansas University Tech get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $495,321. One can visit SAUT's financial aid page at https://www.sautech.edu/financial-aid/ for more information. At SAUT, the total percentage of applicants who receive the Federal Grant stands at 67%. Meanwhile, 74% of the applicants receive the Student Grant and 25% are awarded the Institution Grant, while 62% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $7,060, the State Grant receivers and Institution Grant beneficiaries get $3,300 and $2,876, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,402. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At Southern Arkansas University Tech, the percentage of candidates who opt to avail of student loans is around 21%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

58%

State Grant Aid

39%

Institution Grant Aid

26%

Pell Grant

48%

Average Aid Awarded

Federal Grant Aid

$5,554

State Grant Aid

$2,143

Institution Grant Aid

$3,111

Pell Grant

$4,938

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$7,947

$30,001 - $48,000

$3,386

$48,001 - $75,000

$1,822

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Southern Arkansas University Tech

Average Loan Amount Average Loan Amount received per year.

$4,285/Year

Students Taking Out Loans

61%

Loan Default Rate

20.5%

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