Southern Nazarene University (SNU) Financial Aid and Scholarships
Students Receiving Aid
92%
Total Aid Amount
$21.188M
Financial Aid Official Website
www.snu.edu/financial-assistance
Students can avail of scholarships provided by the university, such as American Society of Landscape Architects Scholarship, Bresee Scholars, Capitol Hill High School Scholarship, and Central High School Alumni Association Scholarship, if they find educational expenses to be on the higher side. As many as 72% of the students at SNU get some sort of financial aid, and the total amount of assistance/loans provided is more than $5,259,787 in a year. For additional information about financial assistance schemes, one can head over to SNU’s financial aid page at http://www.snu.edu/financial-assistance. At SNU, the total percentage of applicants who receive the Federal Grant stands at 26%. In comparison, 72% of the students are awarded the Student Grant, 72% get the Institution Grant, and 25% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,756, and the same stands at $5,323 for State Grant awardees and $15,782 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $3,990. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $14,717 in a year. The average aid amount stands at $16,552 for an annual family income between $30,001 and $48,000. This amount comes to $15,151 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $14,733. And, for those with a family income of more than $110,000, the amount stands at $14,044. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. 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. Every year, around 43% of the applicants to Southern Nazarene University opt for student loans.
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