$4,582

Avg. Federal Grant

$5,714

Avg. Federal Loan

$5,226,402

Total Aid Awarded

Southwestern Christian University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

93%

Total Aid Amount Average Total Aid Awarded per year.

$5.226M

Financial Aid Official Website

www.swcu.edu/financial-aid1

Southwestern Christian University, Bethany, Oklahoma, provides financial assistance on the basis of the family’s ability to contribute. Last year, the university awarded over $5,226,402 in financial aid through scholarships, grants, loans, and work-study assistance.

About 93% of students receive grants per year. These monetary benefits enable students to pay for their education without even having to repay back if it is in the form of scholarships and grants. Also, remember that you have a work-study program where a student will be involved in part-time work to pay for his tuition.

Planning on how to pay for college can be challenging. We’re here to help guide you through the financial aid process and provide assistance with your student account. Don’t stress about student finances, you’ll have enough to do, like hanging out with friends and studying for your classes.

Scholarships

University provides scholarships on the basis of student’s academic achievements, proven leadership, and participation in extracurricular activities- both in their schools and their communities. SWCU’s merit-based scholarships are offered through the following programs:

  • Eagle Merit Scholarship, is for the graduate students which is subject to specific participation.

  • Athletic Scholarship is awarded to the newcomer students at the University who is participating in the University's athletic programs.

  • Music Major Scholarship, to get this scholarship the student must be new to the University and should be the member of music events.

  • Southwestern Christian Merit Scholarship is awarded to the students based on the strength of their academic record

  • President’s Scholarship is offered to the fresher students of the university of $5,500 per semester.

  • Dean’s Graduate Scholarship awarded to graduate students who have achieved academic achievements.

  • Faculty Scholarship, awarded to those who scored excellent high school grades.

  • University Scholarship awarded based on a combination of ACT/SAT scores.

Grants

Grants are gift assistance which is awarded on the basis of financial aid. Various grants awarded to the students at the university are as follows:

Federal Grants

  • Federal Pell Grant, awarded only to those students who have not earned a bachelor’s degree.

  • Federal Supplemental Educational Opportunity Grant(SEOG), this grant is awarded to those students who have less financial need.

State Grants

  • Oklahoma Tuition Aid Grant (OTAG), is offered to those students who file the FAFSA before the application deadline.

  • Oklahoma Tuition Equalization Grant (OTEG), is offered to those who meet the income requirements.

Loans

University provides loans to the students so that they can afford to pay for their education, this facility provided by the University really helpful for those applicants who are in need of financial support. Around $5,320 the average federal loan amount is offered to the students of the University every year. Some of the educational loans offered by the SWCU are mentioned below:

Student Loan.

This loan is available for both undergraduate and graduate students. You must be applied for at least 6 credit hours to be eligible for student loans.

Parent Loan.

Parent loan is available for the parents to afford their children's education at the University.

Federal Perkins Loan.

Federal Perkin loans have varying loan limits and it depends on the year in school. Limits for undergraduate students to get this loan per year and for graduate and professional students, the annual loan limit is $8,000.

Direct Subsidized and Unsubsidized Loan

These loans have varying loan limits depending on the year in school, dependency status, and the amount awarded by the institution.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

23%

Institution Grant Aid

95%

Pell Grant

44%

Average Aid Awarded

Federal Grant Aid

$4,582

State Grant Aid

$3,412

Institution Grant Aid

$5,181

Pell Grant

$4,482

In this subject, we will be looking at financial aid breakdown, to provide you with approximate figures of financial aid and percentages of students receiving them.

  • Approximately 44% of the students get Federal Grant Aid, which comes to around $4,582.

  • The same percentage of students receive the Pell Grant aid, which is 44% of the student population. The amount comes up to $4,482.

  • 23% of the students are entitled to State Grant Aid, the amount for which is somewhere around $3,412.

  • The most amount and percentage of aids come from the institution as 95% of students receive it. The amount for this aid is around $5,181.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,316

$30,001 - $48,000

$11,845

$48,001 - $75,000

$8,765

$75,001 - $110,000

$6,708

Over $110,000

$4,488

As we have mentioned earlier, financial aids are given based on financial needs too. Keeping that in mind, here is a breakdown of the amounts that students from different income groups can expect.

In the income group of $0-$30,000, students can expect aids of approximately $10,316. For the next scale, which is $30,001-$48,000, the students receive grants of $11,845 on an average. However, as the scales keep increasing, the grants keep decreasing quite a bit. The next scale, which is $48,001-$75,001, students can expect grants of about $8,765. The higher the scale, the drastic the difference. This can be noticed as the scale of $75,001-$110,000, the grant only covers $6,708, and the last cap which is anything above $110,000, the grant comes up to only $4,488.

Student Loans for Southwestern Christian University

Average Loan Amount Average Loan Amount received per year.

$5,896/Year

Students Taking Out Loans

46%

Loan Default Rate

18%

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