by our College Data Analytics TeamA large number of students are not billed 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 price of attendance at Southwest Institute of Healing Arts can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financial assistance solutions will SWIHA deliver, and just what are you going to be eligible for? Read on for answers. Keep going to learn how much school funding will be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Southwest Institute of Healing Arts.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Southwest Institute of Healing Arts, 86% of new full-time first-years were awarded at least some aid (about 172 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 29% | $5,306 |
| Institutional grants & scholarships | 0% | — |
| Federal Pell grants | 29% | $4,395 |
| State/local grants | 1% | $9,250 |
| Federal student loans | 80% | $8,376 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, about 20% of undergraduate students received gift aid averaging $4,981 (across approximately 186 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 20% | $4,981 |
| Federal Pell grants | 20% | $4,469 |
| Federal student loans | 45% | $8,133 |
Title-IV recipients living on campus saw average grant aid of $1,396.
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 | $58,490 |
| $30,001 – $75,000 | $58,340 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $43,883 |
| Off-campus title-IV students | $47,440 |
For a customized cost estimate, visit SWIHA’s net price tool: swiha.edu/prospective-students/net-price-calculator/.
Graduating students at SWIHA carry a median federal student debt of $7,917 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,917 |
| Median federal debt (graduates only) | $9,500 |
| Typical 10-year monthly payment (graduates) | $100.72/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at SWIHA.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,409 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $16,000 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
| Middle income | $7,917 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,917 |
| Continuing-generation students | $7,917 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,354 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. SWIHA.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at SWIHA:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5494 |
| Total Stafford loan amount | $45,494,161 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 17 |
| Total GI Bill amount | $148,716 |
| Average GI Bill amount per recipient | $8,748 |
References
More about our data sources and methodologies.