$5,132

Avg. Federal Grant

$5,292

Avg. Federal Loan

$7,462,089

Total Aid Awarded

Southwestern Adventist University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

83%

Total Aid Amount Average Total Aid Awarded per year.

$7.462M

Financial Aid Official Website

www.swau.edu/finances/aid/

As many as 99% of the students at SAU get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,978,535 in a year. For additional information about financial assistance schemes, one can head over to SAU’s financial aid page at http://www.swau.edu/finances/aid/. At SAU, the total percentage of applicants who receive the Federal Grant stands at 57%. Meanwhile, 98% of the applicants receive the Student Grant and 98% are awarded the Institution Grant, while 57% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,192, and the same stands at $2,895 for State Grant awardees and $6,403 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,822. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $13,554 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $12,821 and $6,191, respectively. Those with an annual income level of $75,001-$110,000 would receive $9,428, while candidates with more than $110,000 of family income receive an average federal aid of $4,917. 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 SAU, an estimated number of 56% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

52%

State Grant Aid

41%

Institution Grant Aid

99%

Pell Grant

51%

Average Aid Awarded

Federal Grant Aid

$5,132

State Grant Aid

$2,935

Institution Grant Aid

$5,926

Pell Grant

$4,845

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$13,822

$30,001 - $48,000

$15,155

$48,001 - $75,000

$8,976

$75,001 - $110,000

$8,013

Over $110,000

$5,657

Student Loans for Southwestern Adventist University

Average Loan Amount Average Loan Amount received per year.

$5,722/Year

Students Taking Out Loans

59%

Loan Default Rate

9.7%

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