Southwestern University (SU) Financial Aid and Scholarships
Students Receiving Aid
96%
Total Aid Amount
$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%.
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