In 2022, tuition for full-time students at Southwestern University was $48,450 a year.
In 2022, tuition increased 3.53%–from $46,800 the prior year. Usually, college tuition rises about 3% year.
If this makes attending the college of your dreams seem daunting, remember, the "sticker price" of tuition does not tell the full story. Many students owe much less than the total tuition after grants, scholarships, and tuition discounts are applied. And, student loans can make thecost of college more manageable until you've finishing school and found a job.
Southwestern University is a private, religious institution, which means it has the same tuition for students from Texas as it does for residents from other states.
Public schools receive funds from the state to help them cover costs. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state residency can cut the cost of college tuition. Don't forget to check your state's guidelines for how to qualify for as an in-state resident. Every state has its own rules about what makes someone eligible for in-state tuition. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements too, depending on the state you and your parents currently live in.
Southwestern University has the same tuition for international students as for those from out of state.
Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but may qualify for private or school-specific aid and scholarships.
International students without financial need may be eligible for merit-based institutional scholarships.
Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Southwestern University.
Housing and campus dining at Southwestern University costs $13,059 a year. This includes the cost of living in dorms or other on-campus housing, plus a dining plan that allows you to eat in the school dining halls. Students who live off campus but would like to be able to eat in the campus dining can choose to be on a meal plan. The cost of board-only is $10,950.
Meal-plan costs vary based on on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The actual cost of books and supplies depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
Keep in mind, there could also be other costs associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Most colleges offer ways so that those with demonstrated need to find ways to lower or eliminate these fees.
The cost of transportation in college depends on a few key factors. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus easy to get around on foot? Do you own a car, or are you planning to use busses, subways, or other modes of transportation? All of these questions can drastically impact your transportation budget. At Southwestern University, freshman are allowed to park on campus.
A school's location can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in an urban area is sometimes costly, but there may be more buses, trains or affordable flights to actually get to school. The Southwestern University campus is located in a suburban setting in Texas, near Austin.
When budgeting for college, be sure to factor in personal expenses, like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s go over all of the costs we've covered, to get a better estimate of the actual cost of attending Southwestern University.
What will the cost of attending Southwestern University be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$13,059|
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
|Total Estimated Costs|
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
The majority of Southwestern University undergrads use financial aid to to cover the cost of tuition. In 2022, 902 of the 1,502 undergrads enrolled received financial aid. Southwestern University meets 86.2% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $40,492 a year. Around 55% of Southwestern University undergrads take out student loans to cover any remaining costs. Southwestern University graduates who have student loans graduate with an average of $32,198 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|Southwestern University-Specific Loans||$11,429|
|Most Common Loans for Southwestern University Students|
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Southwestern University financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2022, Southwestern University awarded 890 need-based scholarships to students, giving away total of $30.5 million to help students with financial need cover the cost of school. An additional $14.73 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Southwestern University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Southwestern University was $40,492 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Southwestern University seem more manageable.
|Estimated Net Cost for Full-Time Students|
What will attending Southwestern University really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Southwestern University's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Southwestern University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, students are usually responsible for housing, meal plans, and other expenses.
Southwestern University has some full or partial tuition waivers available for: - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
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