by our College Data Analytics TeamA lot of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at South University-Virginia Beach can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can South University, Virginia Beach provide, and just what are you going to be eligible for? Keep reading for answers. Read on to find out how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from South University-Virginia Beach.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at South University-Virginia Beach, 100% of first-year full-time students received aid of some kind some 5 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $8,734 |
| Institutional grants & scholarships | 60% | $3,720 |
| Federal Pell grants | 100% | $5,902 |
| State/local grants | 0% | — |
| Federal student loans | 80% | $8,042 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At this school, about 83% of undergrads got grants or scholarships worth on average $7,116 (across approximately 209 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $7,116 |
| Federal Pell grants | 53% | $4,193 |
| Federal student loans | 42% | $7,885 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $8,734.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $23,930 |
| $30,001 – $75,000 | $24,170 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $27,843 |
| Off-campus title-IV students | $24,372 |
To project your own net price, use South University, Virginia Beach’s official net price calculator: www.southuniversity.edu/virginia-beach/net-price-calculator.
A typical borrower at South University, Virginia Beach leaves with $13,000 of cumulative federal debt.
| 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 |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. The percentiles below describe the cumulative federal debt distribution for borrowers at South University, Virginia Beach.
| 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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,643 |
| Middle income | $15,278 |
| High income | $14,700 |
By First-Generation Status
| 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 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. South University, Virginia Beach.
Stafford loans are the federal government’s primary direct undergraduate lending program. The annual Stafford volume below reflects program activity at South University, Virginia Beach:
| Metric | Value |
|---|---|
| Stafford loan recipients | 130230 |
| Total Stafford loan amount | $3,048,464,527 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 49 |
| Total GI Bill amount | $545,567 |
| Average GI Bill amount per recipient | $11,134 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $1,992 |
| Average DoD amount per recipient | $1,992 |
References
More about our data sources and methodologies.