by our College Data Analytics TeamMost students will never be charged 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 total cost of going to Southwest Baptist University can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial aid solutions can Southwest Baptist University provide, and just what are you going to be eligible for? Keep reading for answers. Scroll down to see how much school funding could 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 Southwest Baptist University.
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.
For incoming first-year students at Southwest Baptist University, 99% of new full-time first-years were awarded at least some aid some 253 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $19,043 |
| Institutional grants & scholarships | 93% | $16,484 |
| Federal Pell grants | 44% | $4,684 |
| State/local grants | 41% | $2,867 |
| Federal student loans | 61% | $6,330 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Southwest Baptist University, about 79% of undergraduates were awarded grant or scholarship aid averaging $16,138 (for some 1284 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 79% | $16,138 |
| Federal Pell grants | 36% | $4,689 |
| Federal student loans | 50% | $7,343 |
On-campus students receiving title-IV aid were awarded grants averaging $18,624.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $20,740 |
| $30,001 – $75,000 | $19,297 |
| Over $75,000 | $21,544 |
Remember these are net prices — what families pay after gift aid, not before.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,677 |
| Off-campus title-IV students | $21,082 |
To project your own net price, use Southwest Baptist University’s official net price calculator: www.sbuniv.edu/admissions/financial-aid/estimator.php.
The median federal debt load at Southwest Baptist University comes to $14,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,000 |
| Median federal debt (graduates only) | $20,957 |
| Typical 10-year monthly payment (graduates) | $222.18/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. The figures below chart the debt distribution at Southwest Baptist University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,428 |
| 25th percentile | $5,739 |
| 75th percentile | $25,020 |
| 90th percentile (highest-debt students) | $34,125 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $14,518 |
| Middle income | $13,982 |
| High income | $14,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,000 |
| Continuing-generation students | $14,300 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,829 |
| Independent students | $17,466 |
The figure below distills the debt data into a single burden category for Southwest Baptist University.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at Southwest Baptist University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 12650 |
| Total Stafford loan amount | $260,798,204 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 17 |
| Total GI Bill amount | $334,039 |
| Average GI Bill amount per recipient | $19,649 |
References
More about our data sources and methodologies.