by our College Data Analytics TeamThe majority of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Southern Virginia University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial assistance solutions will SVU provide, and just what are you going to be eligible for? Read on for answers. Scroll down to discover what amount of financial assistance could 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. The figures below will help you estimate the aid you might receive from Southern Virginia University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to 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 Southern Virginia University, 100% of entering full-time freshmen got some type of financial assistance some 295 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $10,041 |
| Institutional grants & scholarships | 100% | $7,255 |
| Federal Pell grants | 38% | $5,780 |
| State/local grants | 9% | $4,844 |
| Federal student loans | 54% | $6,969 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, some 99% of undergrads got grants or scholarships worth on average $10,839 (across approximately 955 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $10,839 |
| Federal Pell grants | 45% | $6,442 |
| Federal student loans | 57% | $8,457 |
For students living on campus and receiving title-IV aid, grants averaged $12,218.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $20,870 |
| $30,001 – $75,000 | $23,157 |
| Over $75,000 | $26,311 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,213 |
| Off-campus title-IV students | $24,014 |
To get a personalized net price estimate, try SVU’s net price tool: my.svu.edu/ICS/icsfs/index.html?target=3875c843-72fe-41de-b9fc-1555b3798e36.
Graduating students at SVU carry a median federal student debt of $14,250 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,250 |
| Median federal debt (graduates only) | $24,224 |
| Typical 10-year monthly payment (graduates) | $256.81/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at SVU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $18,750 |
| 90th percentile (highest-debt students) | $31,695 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $18,750 |
| Middle income | $15,500 |
| High income | $12,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,000 |
| Continuing-generation students | $12,981 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,607 |
| Independent students | $22,000 |
A handful of calculated indicators summarize the debt outlook at SVU.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at SVU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3587 |
| Total Stafford loan amount | $53,618,333 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 18 |
| Total GI Bill amount | $264,097 |
| Average GI Bill amount per recipient | $14,672 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 1 |
| Total DoD amount | $1,500 |
| Average DoD amount per recipient | $1,500 |
References
More about our data sources and methodologies.