Notably, 98% of the students at Southwestern Assemblies of God University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $8,361,669. For additional information about financial assistance schemes, one can head over to SAGU’s financial aid page at http://www.sagu.edu/financial-aid/college-scholarships-grants-and-loans. Notably, a total of 57% of the applicants to Southwestern Assemblies of God University receive the Federal Grant every year. Meanwhile, 95% of the applicants receive the Student Grant and 80% are awarded the Institution Grant, while 57% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,807, the State Grant receivers and Institution Grant beneficiaries get $2,966 and $5,963, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,454. 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. Those with a family income below $30,000 per annum, would get an average federal aid of $11,427 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $10,715, while those falling in the $48,001-$75,000 income category get $8,353 a year. On the other hand, the average federal aid stands at $6,035 for those with an annual family income between $75,001 and $110,000, and at $5,961 for an income more than $110,000. 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. Every year, around 74% of the applicants to Southwestern Assemblies of God University opt for student loans.