$5,061

Avg. Federal Grant

$4,941

Avg. Federal Loan

$23,841,377

Total Aid Awarded

Southwestern Oklahoma State University (SWOSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

71%

Total Aid Amount Average Total Aid Awarded per year.

$23.841M

Financial Aid Official Website

https://www.swosu.edu/administration/sfs/index.aspx

Such schemes include American Society of Landscape Architects Scholarship, Capitol Hill High School Scholarship, Central High School Alumni Association Scholarship, and Dan Zanowiak Memorial Scholarship. As many as 93% of the students at SOSU get some sort of financial aid, and the total amount of assistance/loans provided is more than $14,318,008 in a year. The total percentage of candidates applying to Southwestern Oklahoma State University who receive the Federal Grant is 44%. On the other hand, 85% of the candidates get the Student Grant, 65% receive the Institution Grant, and 44% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,949, the State Grant receivers and Institution Grant beneficiaries get $4,761 and $5,058, respectively. And, for the Pell Grant awardees, the average aid amount is $4,642. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At SOSU, an estimated number of 58% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

48%

State Grant Aid

29%

Institution Grant Aid

63%

Pell Grant

44%

Average Aid Awarded

Federal Grant Aid

$5,061

State Grant Aid

$5,254

Institution Grant Aid

$4,270

Pell Grant

$4,770

As shown in the table the Institutional Grant has the highest percentage of 63% with an average aid of $4,270.  The  Federal and Pell grants percentage is about 48% and 44% only with an average aid of $5,061 and $4,770.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$10,266

$30,001 - $48,000

$9,799

$48,001 - $75,000

$5,828

$75,001 - $110,000

$3,608

Over $110,000

$3,533

As shown in the table, the families earning an income lower than $30,000 will get an aid of $10,266 and the families whose income is more than $110,000 will get an aid of  $3,533.

Student Loans for Southwestern Oklahoma State University (SWOSU)

Average Loan Amount Average Loan Amount received per year.

$5,074/Year

Students Taking Out Loans

60%

Loan Default Rate

9.7%