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 Southern offer, and what will you qualify for? Keep scrolling for answers.
Southern West Virginia Community and Technical College average financial aid offer for freshmen students is $6,125.00. 97% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
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 West Virginia Community and Technical College.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
8% of incoming freshmen (29 total) were given scholarships at Southern West Virginia Community and Technical College, averaging $3,086.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 74% of first-year students (277 total) got a federal grant, for about $4,905.00 per person.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 52.55% | $7,003.00 |
| Income 30k-48k | 14.75% | $7,098.00 |
| Income 48k-75k | 6.70% | $4,953.00 |
| Income 75k-110k | 5.09% | $2,413.00 |
| Income 110k + | 2.68% | $2,047.00 |
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.
Of the 373 undergraduate students at Southern West Virginia Community and Technical College around 97% (346 total) receive some form of grant aid. The typical amount awarded was $6,125.00.The bulk of which are Pell Grants.
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.