by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
What financial aid options does Sewanee offer, and what will you qualify for? Keep scrolling for answers.
$26,414.00 is the typical Sewanee - The University of the South’s first year financial aid package. Approximately 96% 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.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from Sewanee - The University of the South you may end up taking on.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The stats below refer to aid that is provided by Sewanee - The University of the South.
96% of new students (419 total) were given scholarships at Sewanee - The University of the South, averaging $24,715.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 51% of first-year students (223 total) got federal grant aid, averaging $2,489.00 per person.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 5.94% | $39,080.00 |
| Income 30k-48k | 6.16% | $38,976.00 |
| Income 48k-75k | 7.53% | $33,987.00 |
| Income 75k-110k | 8.90% | $32,322.00 |
| Income 110k + | 41.78% | $23,210.00 |
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.
420 Sewanee undergrads obtain grant aid (this is about 96% of the entire undergraduate student population). The average amount these students receive is $26,414.00.
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.