by our College Data Analytics TeamThe majority of students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Southern Wesleyan University can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can SWU offer you, and what will you qualify for? Keep reading for more information. Keep scrolling to find out what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Southern Wesleyan 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. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at Southern Wesleyan University, 100% of the incoming full-time class was awarded financial aid around 158 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $19,498 |
| Institutional grants & scholarships | 97% | $11,617 |
| Federal Pell grants | 41% | $5,159 |
| State/local grants | 77% | $7,836 |
| Federal student loans | 51% | $5,223 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At SWU, around 87% of undergraduates were awarded grant or scholarship aid averaging $18,779 (among about 771 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 87% | $18,779 |
| Federal Pell grants | 43% | $4,935 |
| Federal student loans | 78% | $7,538 |
For students living on campus and receiving title-IV aid, grants averaged $24,450.
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 | $16,545 |
| $30,001 – $75,000 | $19,211 |
| Over $75,000 | $22,503 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,464 |
| Off-campus title-IV students | $19,943 |
To get a personalized net price estimate, try SWU’s NPC: www.swu.edu/campus/financial-aid/net-price-calculator/.
Graduating students at SWU carry a median federal student debt of $19,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $26,000 |
| Typical 10-year monthly payment (graduates) | $275.64/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at SWU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $7,500 |
| 75th percentile | $27,900 |
| 90th percentile (highest-debt students) | $39,668 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $20,475 |
| Middle income | $20,432 |
| High income | $16,589 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $20,000 |
| Continuing-generation students | $16,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $25,468 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. SWU.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at SWU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10436 |
| Total Stafford loan amount | $271,706,622 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 14 |
| Total GI Bill amount | $212,589 |
| Average GI Bill amount per recipient | $15,185 |
References
More about our data sources and methodologies.