$4,518

Avg. Federal Grant

$6,091

Avg. Federal Loan

$33,490,873

Total Aid Awarded

Southwestern University (SU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

96%

Total Aid Amount Average Total Aid Awarded per year.

$33.491M

Financial Aid Official Website

www.southwestern.edu/aid/

Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,927,595. More information regarding the financial assistance schemes can be accessed on SU’s official financial aid page at http://www.southwestern.edu/aid/. At SU, the total percentage of applicants who receive the Federal Grant stands at 25%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 25% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,320, and the same stands at $3,400 for State Grant awardees and $25,422 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,836. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $33,796 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $32,339, while those falling in the $48,001-$75,000 income category get $31,429 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $27,336. And, for those with a family income of more than $110,000, the amount stands at $22,043. 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. At Southwestern University, the percentage of candidates who opt to avail of student loans is around 49%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

29%

State Grant Aid

36%

Institution Grant Aid

98%

Pell Grant

29%

Average Aid Awarded

Federal Grant Aid

$4,518

State Grant Aid

$3,564

Institution Grant Aid

$23,871

Pell Grant

$4,194

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$32,536

$30,001 - $48,000

$34,517

$48,001 - $75,000

$30,465

$75,001 - $110,000

$27,512

Over $110,000

$20,929

Student Loans for Southwestern University (SU)

Average Loan Amount Average Loan Amount received per year.

$7,885/Year

Students Taking Out Loans

55%

Loan Default Rate

3.7%

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