$4,866

Avg. Federal Grant

$5,866

Avg. Federal Loan

$14,702,905

Total Aid Awarded

Southern Wesleyan University (SWU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$14.703M

Financial Aid Official Website

www.swu.edu/traditional-campus/financial-aid/

Such schemes include C.G. Fuller Foundation Scholarship, Dean's Scholarship, Joan and Thomas Phillippe Young Artist Award, and LinkScholars Program. It is interesting to note that, every year, around 99% of students at SWU receive some kind of financial aid, while the total amount of assistance/loans provided is $6,228,519. At SWU, the total percentage of applicants who receive the Federal Grant stands at 52%. In comparison, 99% of the students are awarded the Student Grant, 97% get the Institution Grant, and 51% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,083, the State Grant receivers and Institution Grant beneficiaries get $6,876 and $11,074, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,401. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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 Southern Wesleyan University, the percentage of candidates who opt to avail of student loans is around 72%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

65%

Institution Grant Aid

99%

Pell Grant

52%

Average Aid Awarded

Federal Grant Aid

$4,866

State Grant Aid

$6,490

Institution Grant Aid

$12,242

Pell Grant

$4,564

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$18,969

$30,001 - $48,000

$21,567

$48,001 - $75,000

$17,442

$75,001 - $110,000

$16,560

Over $110,000

$15,686

Student Loans for Southern Wesleyan University (SWU)

Average Loan Amount Average Loan Amount received per year.

$6,595/Year

Students Taking Out Loans

72%

Loan Default Rate

8.7%

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