by our College Data Analytics TeamMany 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 cost of going to Southwestern Illinois College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
Just what financial assistance solutions will SWIC provide, and just what are you going to be eligible for? Read on for answers. Scroll down to learn how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Southwestern Illinois College.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Southwestern Illinois College, 62% of first-year full-time students received aid of some kind (about 455 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $6,073 |
| Institutional grants & scholarships | 21% | $3,449 |
| Federal Pell grants | 40% | $5,054 |
| State/local grants | 32% | $1,708 |
| Federal student loans | 14% | $3,192 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At SWIC, about 32% of undergraduates were awarded an average grant or scholarship of $6,513 (covering around 2560 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 32% | $6,513 |
| Federal Pell grants | 25% | $4,233 |
| Federal student loans | 10% | $3,846 |
On-campus students receiving title-IV aid were awarded grants averaging $5,822.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,928 |
| $30,001 – $75,000 | $7,631 |
| Over $75,000 | $11,620 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $10,427 |
| Off-campus title-IV students | $7,210 |
To project your own net price, use SWIC’s net price tool: www.swic.edu/students/services/financial-aid/net-price-calculator/.
A typical borrower at SWIC leaves with $4,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $4,000 |
| Median federal debt (graduates only) | $6,908 |
| Typical 10-year monthly payment (graduates) | $73.24/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The median alone does not show how widely outcomes vary across the student body. Use the percentiles below to see the debt range at SWIC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,305 |
| 25th percentile | $1,750 |
| 75th percentile | $7,650 |
| 90th percentile (highest-debt students) | $13,500 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $3,500 |
| Middle income | $3,542 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,000 |
| Continuing-generation students | $4,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,825 |
| Independent students | $4,302 |
These indicators are derived from the underlying debt data and summarize the overall picture at SWIC.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at SWIC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 16214 |
| Total Stafford loan amount | $101,197,223 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 249 |
| Total GI Bill amount | $1,032,015 |
| Average GI Bill amount per recipient | $4,145 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 57 |
| Total DoD amount | $57,639 |
| Average DoD amount per recipient | $1,011 |
References
More about our data sources and methodologies.