Southwest Baptist University (SBU) Financial Aid and Scholarships
Students Receiving Aid
70%
Total Aid Amount
$27.585M
Financial Aid Official Website
www.sbuniv.edu/admissions/financial-aid/
As many as 99% of the students at SBU get some sort of financial aid, and the total amount of assistance/loans provided is more than $9,996,354 in a year. For additional information about financial assistance schemes, one can head over to SBU’s financial aid page at http://www.sbuniv.edu/admissions/financial-aid/. At SBU, the total percentage of applicants who receive the Federal Grant stands at 48%. On the other hand, 95% of the candidates get the Student Grant, 78% receive the Institution Grant, and 48% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,824, while the same comes to $2,571 for State Grant receivers and $15,745 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,138. 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. Students whose family income per annum is less than $30,000 will receive a federal aid of $14,550 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $17,430 and $15,590, respectively. Those with an annual income level of $75,001-$110,000 would receive $14,947, while candidates with more than $110,000 of family income receive an average federal aid of $10,808. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 69% of the applicants to Southwest Baptist University opt for student loans.
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