$4,563

Avg. Federal Grant

$5,439

Avg. Federal Loan

$13,822,917

Total Aid Awarded

Southwestern Assemblies of God University (SAGU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

90%

Total Aid Amount Average Total Aid Awarded per year.

$13.823M

Financial Aid Official Website

www.sagu.edu/financial-aid/college-scholarships-grants-and-loans

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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

55%

State Grant Aid

35%

Institution Grant Aid

81%

Pell Grant

55%

Average Aid Awarded

Federal Grant Aid

$4,563

State Grant Aid

$3,239

Institution Grant Aid

$6,191

Pell Grant

$4,351

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$11,562

$30,001 - $48,000

$9,972

$48,001 - $75,000

$7,980

$75,001 - $110,000

$6,977

Over $110,000

$6,554

Student Loans for Southwestern Assemblies of God University (SAGU)

Average Loan Amount Average Loan Amount received per year.

$6,822/Year

Students Taking Out Loans

82%

Loan Default Rate

11.1%