Engaging Minds, Transforming Lives

Financial Aid

Full-Time Cost of Attendance for 2015-16

Below is a chart of the costs of attendance for a full-time student (12-19 credit hours per semester) at Southwestern.

  Living On Campus Living Off Campus Living at home with parents
Tuition and Fees $37,560 $37,560 $37,560
Room (average) $5,350 $7,070 $0
Board (average) $5,520 $3,500 $2,800
Books and Supplies $1,200 $1,200 $1,200
Transportation, Personal and Misc. $1,260 $1,850 $1,960
Total $50,890 $51,180 $43,520

Note:  All new students who have fewer than four full semesters in college are required to live on-campus.

Detailed cost information on Residence Halls, Board Plans and other fees is available Adobe Acrobat File

Southwestern & Financial Aid

fafsalaptop Southwestern awarded over $27 million in institutional funds in 2014-15, in addition to over $2 million in federal and state grants annually. 

To apply for need-based financial aid, students must complete a Free Application for Federal Student Aid (FAFSA). The FAFSA is available at

Southwestern consistently has maintained its reputation as one of the nation’s best liberal arts colleges at a cost notably less than most other highly selective national institutions. Because of this, The Princeton Review identifies Southwestern University as one of the nation’s ‘best value’ undergraduate institutions in its book America’s Best Value Colleges. They note that the cost of attending Southwestern is “$10,000 to $15,000 lower than what you would expect for a liberal arts college of its academic caliber.”

Southwestern has many types of financial aid available.