In 2021, tuition for full-time University of the Southwest students was $16,000 a year.
Tuition was the same price in 2023 compare to the year before. Usually, college tuition rises about 3% year.
Remember, the "sticker price" of tuition doesn't always give you all the info you need to know how much you will actually have to pay for college. Many students owe far less than the sticker price after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make theactual cost of attending college feel more doable until after graduation.
University of the Southwest meets 53% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at University of the Southwest is around $17,500 a year.
University of the Southwest is a private, religious institution, so it has the same tuition for students from New Mexico as it does for students who live in other states.
Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Attending an insitution where you are eligible for the reduced tuition offered to state residentscan drastically reduce the cost of tuition, as well as loans and interest owed. Don't forget to verify your state's eligibility criteria for as an in-state resident. Each state has different requirements to qualify as in-state resident. 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 reside in.
Explore other New Mexico colleges
Tuition at University of the Southwest is the same for all students.
Students from outside of the U.S. usually do not qualify for for loans or grants from the U.S. government, but should research private or school-specific grants, scholarships, and other funding opportunities.
In addition to the cost of tuition, there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at University of the Southwest.
Room and board at University of the Southwest costs $8,810 a year. This includes the cost of living in dorms or other on-campus housing, plus a dining plan that allows you to eat all or some of your meals the University of the Southwest's on-campus cafeterias and dining facilities.
Board costs may vary depending on how many meals are included in the plan you choose.
The cost of books often surprises first-year college students. The real cost of books and supplies depends on the courses you take and the materials required. 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 help cover the cost of facilties, like the library, gym and computer labs.
There may be additional fees associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Most colleges offer ways for students who may struggle to participate because of cost can get help covering these fees.
The total cost of transportation in college depends on a few key factors. Will you drive, fly, or take public transportation to school? Is on-campus parking free, or will you need to budget for parking? Is the campus walkable? Do you plan to bring a car or will you need to use public transportation? All of these factors can make a big difference in your transportation budget. Keeping in mind, first-year students are allowed to park a car on campus.
A school's location can also have a big effect on 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 can be pricey, but there may be more trains, busses or affordable flights to actually get to school. The University of the Southwest campus is in a town in New Mexico.
When estimating your budget for college, don’t forget to take into account personal expenses, like entertainment, clothes, furnishings and toiletries.
Now, let’s do a rundown of all of the costs associated with college, to get a better idea of how much students can expect to shell out for University of the Southwest.
What will the cost of attending University of the Southwest be? Here is a breakdown of tuition and expenses.
2023 Total Tuition and Expenses | |
---|---|
Tuition | $16,000 |
Room and Board | $8,810 |
Other expenses | $2,800 |
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Total Estimated Costs | |
---|---|
On-Campus | $27,810 |
Off-Campus | $19,000 |
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.
In 2023, 183 of the 458 undergrads enrolled received financial aid. University of the Southwest meets 53% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $17,500 a year.
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 University of the Southwest 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 2023, University of the Southwest awarded 183 need-based scholarships to students, giving away total of $600000 thousand to help students with financial need cover the cost of school. An additional $2.53 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 University of the Southwest 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 University of the Southwest was $17,500 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of University of the Southwest seem more manageable.
Estimated Net Cost for Full-Time Students | |
---|---|
On-Campus | $10,310 |
Off-Campus | $1,500 |
What will attending University of the Southwest 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 make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the University of the Southwest'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.
Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.
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 with a tuition waiver, other expenses and fees are the responsibility of the student.
Check the financial aid website for more information on payment plans and tuition waivers.
An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.
University of the Southwest's endowment was valued at $5.6 million in 2023, compared to a national average of $905 million. The school spends $4,936 for each full-time student enrolled.
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Tuition & Fees
$25,010
In State$25,010
Out-of-StateStudents Who Receive Need-Based Aid
Average Financial Aid Package
Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
Total Enrollment
Campus Setting
Acceptance Rate
Fall Freshmen
Application Deadline
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