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.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from Southern Arkansas University Main Campus.
Southern Arkansas University Main Campus average financial aid offer for freshmen students is $9,533.00. 99% of reshman students get financial aid, most of which is 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.
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 Southern Arkansas University Main Campus.
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 stats below refer to aid that is provided by Southern Arkansas University Main Campus.
77% of incoming freshmen (644 total) were given scholarships at Southern Arkansas University Main Campus, averaging $6,755.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 56% of freshman students (470 total) obtained federal grant aid, averaging $5,092.00 a piece.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 19.35% | $9,309.00 |
| Income 30k-48k | 9.13% | $9,044.00 |
| Income 48k-75k | 8.05% | $6,155.00 |
| Income 75k-110k | 6.13% | $5,654.00 |
| Income 110k + | 4.69% | $4,610.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
821 Southern Arkansas University Main Campus undergrads obtain grant aid (this is about 99% of the entire undergraduate student population). The average amount these students receive is $9,533.00.
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.