by our College Data Analytics TeamMany students will not be asked to pay 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 sum total of attendance at Southwestern College can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial assistance options will SC offer, and what will you qualify for? Read on for more information. Keep going to discover what amount of financial assistance could be accessible 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 Southwestern College.
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.
At Southwestern College, 99% of the incoming full-time class was awarded financial aid around 193 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $28,936 |
| Institutional grants & scholarships | 98% | $24,514 |
| Federal Pell grants | 50% | $5,237 |
| State/local grants | 19% | $7,533 |
| Federal student loans | 77% | $5,715 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At SC, some 70% of the undergraduate population received grant aid that averaged $23,518 (covering around 731 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 70% | $23,518 |
| Federal Pell grants | 41% | $5,108 |
| Federal student loans | 49% | $7,231 |
For on-campus title-IV students, average grant aid came to $28,608.
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 | $25,495 |
| $30,001 – $75,000 | $25,807 |
| Over $75,000 | $29,736 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $29,824 |
| Off-campus title-IV students | $27,310 |
To project your own net price, use SC’s net price tool: www.sckans.edu/other/net-price-calculator/.
The median student at SC graduates with $12,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $12,500 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at SC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,104 |
| 25th percentile | $7,000 |
| 75th percentile | $27,607 |
| 90th percentile (highest-debt students) | $38,503 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,218 |
| Middle income | $13,560 |
| High income | $12,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $12,625 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $15,325 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. SC.
The Stafford loan program is the largest source of federal direct loans to undergraduates. Below is the annual Stafford program activity at SC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6764 |
| Total Stafford loan amount | $155,110,837 |
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 | 129 |
| Total GI Bill amount | $673,211 |
| Average GI Bill amount per recipient | $5,219 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 508 |
| Total DoD amount | $1,175,413 |
| Average DoD amount per recipient | $2,314 |
References
More about our data sources and methodologies.