Funding your education can be daunting, but with the right plan, it's absolutely achievable. Here are five simple steps to help you navigate the financial aid process and fund your degree at Southwestern Adventist University (SWAU):

Step 1: Complete Your FAFSA (Free Application for Federal Student Aid)

Start by submitting your FAFSA form. It will help you determine the federal financial aid you're eligible for, including grants, work-study, and federal loans. Completing your FAFSA early gives you a clear idea of what funding you can access.

Step 2: Explore Non-Loan Funding

Before turning to loans, explore scholarships, grants, and other non-repayable sources. This might include SWAU scholarships, local community grants, or employer-sponsored tuition assistance. The more you can reduce the amount you need to borrow, the better.

Step 3: Understand Your Borrowing Limits

Look into the federal loan limits for your degree level (undergraduate, graduate) and ensure you understand the maximum amounts you can borrow. Be mindful of the interest rates and borrowing limits to avoid taking on more debt than necessary.

Step 4: Calculate Total Costs and Expected Aid

Add up both your direct costs (tuition, fees) and indirect costs (books, living expenses). Subtract the non-loan aid you qualify for, and figure out what remains. This will give you a clear picture of how much additional funding you need to secure. Use the Net Price Calculator to estimate your financial aid.

Step 5: Plan Your Repayment Strategy

Before you accept loans, consider repayment options. Look at your future monthly payments and determine whether they fit your budget. Explore income-driven repayment plans or deferment options that might work best for you once you graduate.

Start Your Journey at SWAU

At SWAU, we are committed to helping you achieve your educational goals by providing you with the tools to fund your degree. Be sure to connect with our Financial Aid team to learn more about scholarships, loans, and other resources available to you.