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.
Interested in understanding the financial aid resources available at Southwestern Assemblies of God University and your eligibility? Find the answers you seek below.
$10,335.00 is the typical Southwestern Assemblies of God University’s first year financial aid package. About 97% of first year students receive financial aid, most of which is 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.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Southwestern Assemblies of God University.
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 stats below refer to aid that is provided by Southwestern Assemblies of God University.
78% of first-year students (244 total) were offered scholarships at Southwestern Assemblies of God University, averaging $7,108.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 86% of first-year students (266 total) got a federal grant, for about $3,573.00 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 | 25.72% | $13,525.00 |
| Income 30k-48k | 12.22% | $10,239.00 |
| Income 48k-75k | 19.94% | $9,580.00 |
| Income 75k-110k | 12.22% | $8,262.00 |
| Income 110k + | 9.97% | $6,893.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 311 undergraduate students at Southwestern Assemblies of God University around 97% (290 total) receive some form of grant aid. The typical amount awarded was $10,335.00.
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.