by our College Data Analytics TeamA lot of students are not billed 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 sum total of attendance at Southwestern University can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial assistance solutions will Southwestern provide, 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 you can receive varies from person to person and will depend on your family’s economic situation. The information provided on this page can help you determine how much aid you may receive from Southwestern University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
For freshmen starting at Southwestern University, 99% of new full-time first-years were awarded at least some aid approximately 399 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $35,162 |
| Institutional grants & scholarships | 98% | $31,958 |
| Federal Pell grants | 30% | $5,649 |
| State/local grants | 39% | $3,511 |
| Federal student loans | 49% | $5,073 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at Southwestern, some 98% of the undergraduate population received grant aid that averaged $32,015 (across roughly 1426 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $32,015 |
| Federal Pell grants | 25% | $5,496 |
| Federal student loans | 46% | $6,073 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $38,269.
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 | $20,225 |
| $30,001 – $75,000 | $23,326 |
| Over $75,000 | $31,875 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $29,224 |
| Off-campus title-IV students | $27,468 |
To project your own net price, use Southwestern’s NPC: www.southwestern.edu/scholarships-financial-aid/grants-loans/net-price-calculator/.
Graduating students at Southwestern carry a median federal student debt of $19,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Southwestern.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,000 |
| 75th percentile | $28,000 |
| 90th percentile (highest-debt students) | $38,650 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $24,750 |
| Middle income | $16,000 |
| High income | $19,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,750 |
| Continuing-generation students | $19,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $21,043 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Southwestern.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Southwestern:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3980 |
| Total Stafford loan amount | $66,867,575 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 28 |
| Total GI Bill amount | $670,246 |
| Average GI Bill amount per recipient | $23,937 |
References
More about our data sources and methodologies.