by our College Data Analytics TeamThe total cost of attendance at University of the Southwest can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Interested in understanding the financial aid resources available at USW and your eligibility? Find the answers you seek below.
$9,324.00 is the typical University of the Southwest’s first year financial aid package. Approximately 92% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at University of the Southwest.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
85% of new students (53 total) were offered scholarships at University of the Southwest, averaging $6,318.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 74% of first-year students (46 total) got a federal grant, for about $4,569.00 per person.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 61.29% | $9,754.00 |
| Income 30k-48k | 6.45% | $12,621.00 |
| Income 48k-75k | 3.23% | $11,670.00 |
| Income 75k-110k | 1.61% | $6,373.00 |
| Income 110k + | 1.61% | $12,000.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
92% of the 62 undergraduates at University of the Southwest receive some sort of grant aid. This is a total of about 55 students getting an average of $9,324.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.