$3,567

Avg. Federal Grant

$11,397

Avg. Federal Loan

$237,062

Total Aid Awarded

Southwest University of Visual Arts-Albuquerque Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

50%

Total Aid Amount Average Total Aid Awarded per year.

$237.062K

Financial Aid Official Website

www.suva.edu/studentlife/financialaid

Interestingly, almost all of the students at SUVAA receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $192,998 in a year. Notably, a total of 86% of the applicants to Southwest University of Visual Arts-Albuquerque receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 14% are awarded the Institution Grant, while 86% of the students get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,107. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At SUVAA, an estimated number of 100% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

50%

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

50%

Average Aid Awarded

Federal Grant Aid

$3,567

State Grant Aid

N/A

Institution Grant Aid

N/A

Pell Grant

$3,200

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,640

$30,001 - $48,000

$3,200

$48,001 - $75,000

N/A

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for Southwest University of Visual Arts-Albuquerque

Average Loan Amount Average Loan Amount received per year.

$11,397/Year

Students Taking Out Loans

50%

Loan Default Rate

N/A

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