by our College Data Analytics TeamA lot of students will not be asked to pay the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to South University-Savannah Online can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can South University’s online programs offer, and what will you qualify for? Keep reading for more information. Scroll down to learn what amount of financial assistance will be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from South University-Savannah Online.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at South University-Savannah Online, 96% of first-year full-time students received aid of some kind roughly 737 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $6,471 |
| Institutional grants & scholarships | 2% | $5,673 |
| Federal Pell grants | 92% | $6,276 |
| State/local grants | 1% | $1,099 |
| Federal student loans | 91% | $7,948 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At South University’s online programs, about 83% of undergrads got grants or scholarships worth on average $5,440 (among about 5389 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $5,440 |
| Federal Pell grants | 80% | $5,245 |
| Federal student loans | 73% | $8,266 |
On-campus students receiving title-IV aid were awarded grants averaging $6,249.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $26,172 |
| $30,001 – $75,000 | $27,569 |
| Over $75,000 | $30,484 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $28,049 |
| Off-campus title-IV students | $26,308 |
For a personalized estimate based on your family’s financial situation, use South University’s online programs’s net price tool: www.southuniversity.edu/online/net-price-calculator.
The median student at South University’s online programs graduates with $13,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,000 |
| Median federal debt (graduates only) | $26,123 |
| Typical 10-year monthly payment (graduates) | $276.95/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at South University’s online programs.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,501 |
| 25th percentile | $4,750 |
| 75th percentile | $22,542 |
| 90th percentile (highest-debt students) | $37,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,643 |
| Middle income | $15,278 |
| High income | $14,700 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,883 |
| Continuing-generation students | $14,576 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,668 |
| Independent students | $12,990 |
These indicators are derived from the underlying debt data and summarize the overall picture at South University’s online programs.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at South University’s online programs:
| Metric | Value |
|---|---|
| Stafford loan recipients | 130230 |
| Total Stafford loan amount | $3,048,464,527 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 127 |
| Total GI Bill amount | $1,281,311 |
| Average GI Bill amount per recipient | $10,089 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 5 |
| Total DoD amount | $12,139 |
| Average DoD amount per recipient | $2,428 |
References
More about our data sources and methodologies.