by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
What amount of Southern Utah University financial assistance will actually be available to you?Get answers to your questions here.
$6,412.00 is the typical Southern Utah University’s first year financial aid package. Financial aid is provided to about 96% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Southern Utah University you could end up dealing with.
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 numbers listed below make reference to help that is offered by Southern Utah University.
77% of new students (1428 total) were offered scholarships at Southern Utah University, averaging $6,688.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 39% of freshman students (723 total) obtained federal grant aid, averaging $4,584.00 a piece.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 8.83% | $9,981.00 |
| Income 30k-48k | 4.60% | $9,157.00 |
| Income 48k-75k | 7.85% | $6,394.00 |
| Income 75k-110k | 12.57% | $4,817.00 |
| Income 110k + | 17.55% | $4,880.00 |
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.
1770 Southern Utah University undergrads obtain grant aid (this is about 96% of the entire undergraduate student population). The average amount these students receive is $6,412.00.
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.