Student Loans for Southwestern
About Southwestern University
Established in 1840, Southwestern University is one of the oldest educational institutes in Texas. It is situated in Georgetown and discontinued its graduate programs by the mid 20th century. Now, Southwestern is a top-grade college of the liberal arts. Notably, the university’s reputation has earned it a chapter in the Phi Beta Kapa honor society.
About Southwestern University Student Loans
Receiving a quality education from Southwestern University is expensive, and without any financial aid, it costs around $46,810. However, due to its accommodating financial aid program, almost 80% of the students at Southwestern receive financial aid. The university spends about $21 million per year on student loans and The Princeton Review ranked Southwestern University as “America’s Best Value College” while Kiplingers List included the university in its list of the 100 best values in liberal arts colleges.
Southwestern Financial Aid Packages
Southwestern University Financial Aid offers a number of financial aid options based on different criteria. To ensure that you are able to receive financial aid from any of these sources it is important that you submit your FAFSA forms on time at the start of each academic year, along with the relevant financial documents. The FAFSA form can be accessed and submitted through its website, www.fafsa.ed.gov.
Along with the scholarships and grants, the university also permits programs such as Federal Work Study (FWS) so that students may work and earn their way through college. This option has turned out to be quite a good exercise in character building and as a way to pave the way to professional life.
Private Student Loans and Southwestern University
If you cannot afford tuition even after you’ve been granted financial aid, then resorting to private student loans is a practical alternative to funding your education. However, since these loans are much more expensive to pay back due to their high interest rates, they should be your last option.
For your convenience, a Student Loan Comparison Tool has been added to our page so that you may compare the total cost of the available student loan options.
At Southwestern, you can enroll in your dream degree program no matter how financially unstable you are. To qualify for need-based funding, you must first demonstrate need for financial assistance. To do so, determine the financial support you receive from your family (if any) and subtract it form the program’s total cost. .
On average, how much are students receiving through Southwestern University Financial Aid?
Over half of the student population at Southwestern University receives financial aid. With program costs ranging near $46,000, many students can’t imagine affording higher education. Luckily, the university’s aid programs are geared towards helping low income students pay for college so that they may prepare themselves for a great career, eventually adding to a better future. On average, each student receives around $19,000 per year. This helps them cover not only the tuition fees, but also accommodation expenses, traveling expenses, books and materials expenses, and more.
Pay for Southwestern University*
|Total Avg. Cost||$43,080|
|Room & Board||$9,230|
|Financial Aid Information|
|Students Receiving Fin Aid||97%|
|Typical Grant Amounts|
|Avg. Other Stud. Loans||$7,945|
|%Receiving Other Loans||7%|
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*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics