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.
Curious about the financial aid opportunities at SWOSU and what you may be eligible for? Explore the answers here.
$8,116.00 is the typical Southwestern Oklahoma State University’s first year financial aid package. Approximately 97% 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 Southwestern Oklahoma State University you may end up taking on.
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 numbers below apply to scholarships and grants primarily provided by Southwestern Oklahoma State University.
62% of first-year students (517 total) were offered scholarships at Southwestern Oklahoma State University, averaging $5,673.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 90% of freshmen (755 total) received a federal grant, for about $3,068.00 a person.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 19.52% | $11,399.00 |
| Income 30k-48k | 13.21% | $10,843.00 |
| Income 48k-75k | 10.71% | $7,417.00 |
| Income 75k-110k | 10.95% | $5,307.00 |
| Income 110k + | 10.60% | $3,648.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 840 undergraduate students at Southwestern Oklahoma State University around 97% (795 total) receive some form of grant aid. The typical amount awarded was $8,116.00.
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.