by our College Data Analytics TeamFinancial 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.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
Southwestern University average financial aid offer for freshmen students is $27,990.00. Financial aid is provided to about 100% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Southwestern University.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The numbers below apply to scholarships and grants primarily provided by Southwestern University.
98% of incoming freshmen (434 total) were awarded scholarships at Southwestern University, averaging $25,573.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 25% of freshman students (112 total) obtained federal grant aid, averaging $5,094.00 a piece.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 7.67% | $37,286.00 |
| Income 30k-48k | 7.67% | $36,844.00 |
| Income 48k-75k | 11.96% | $33,304.00 |
| Income 75k-110k | 9.03% | $29,681.00 |
| Income 110k + | 17.83% | $24,490.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
437 Southwestern undergrads obtain grant aid (this is about 100% of the entire undergraduate student population). The average amount these students receive is $27,990.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
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