Learning, Doing, Growing

Southwestern Adventist University believes in the development of the whole person: body, mind and spirit.

Opportunities Abound

We are more concerned with the quality of our many small programs than the development of bigger ones. As such, the educational focus is personal, and students have many opportunities to flourish.

An International Flavor

With students from more than two dozen countries, Southwestern offers the young person an opportunity to meet and interact while learning how the rest of the world lives.

Financial Aid


Loans - Federal

Federal Direct Loan

$3,500 to $5,500 Undergraduate Students

This is a federally regulated undergraduate loan program with the U.S. Department of Education. Undergraduate students may borrow up to $3,500 at the freshman level, $4,500 at the sophomore level, and $5,500 at the junior and senior levels, up to a maximum of $23,000. Repayment begins six months after the student is no longer enrolled on at least a half-time basis.

Federal Direct Loan Application Process

Unsubsidized Federal Direct Loan

$2,000 to $7,000 Undergraduate students
$12,000 Graduate students

Students who have limited or no eligibility for the Federal Direct Loan may apply for the Unsubsidized Federal Direct Loan. In addition to the Federal Direct loan limits, dependent undergraduate students may borrow $2,000 each year from the Federal Unsubsidized Direct Loan. In combination with the Direct Loan maximums, undergraduate independent students may borrow $9,500 at the freshman level, $10,500 at the sophomore level, and $12,500 at the junior and senior levels with an aggregate limit of $57,500.

Graduate students may borrow up to $20,500 per year with an aggregate limit of $138,500.

Federal Direct PLUS Loan

This type of loan provides funding up to the cost of attendance.

Parents of dependent students may borrow under this loan program.  A parent may borrow up to the cost of attendance minus any other aid the student is receiving. Repayment begins on the date of the last disbursement for that loan period.

Visit www.studentaid.gov for additional information on federal loans, including interest rates, origination fees, and repayment options.

When a student or parent of a student receive a federal student loan, information about this loan will be submitted to the National Student Loan Data System (NSLDS), and will be accessible by guaranty agencies, lenders, and schools determined to be authorized users of the data system. Borrowers may also access this information by going to www.nslds.ed.gov.

Federal Student Aid

See Studentaid.ed.gov for more information about loans.

Loans - Texas

B-On Time Loan

The Texas B-On-Time Loan (BOT) is a zero-interest loan that is forgiven if recipients graduate "on time" with a 3.0 or higher GPA. The availability of BOT loans is dependent upon funding by the Texas Legislature. Eligibility requirements are as follows:

1. Texas resident

2. Graduated 2002-2003 academic year or later, under the recommended high school program from a public or accredited private high school in Texas or received an associate's degree from an eligible institution no earlier than May 1, 2005

3. Has not earned a bachelor's degree

4. Enrolled full time in an undergraduate degree program, and

5. Has completed a FAFSA and is eligible to receive federal financial aid.

Texas “College Access Loan” (CAL)

The College Access Loan program provides alternative educational loans to Texas students who are unable to meet the cost of attendance. A student must be a Texas resident, be enrolled at least half-time in a course of study leading to an associate's, bachelor's, or graduate degree, meet satisfactory academic progress requirements, and have good credit standing or provide a cosigner who has good credit standing and meets other requirements. Students may borrow an amount up to the cost of attendance less other financial aid. A 0%, 3% or 5% origination fee, depending on the credit score, will be deducted from the proceeds of each loan. Interest is a fixed interest rate of 4.5%. Apply at www.HHloans.com. Disclosures can be accessed here.

Loans - Private

Southwestern Adventist University encourages all students to file the Free Application for Federal Student Aid (FAFSA) and be considered for all available aid programs. After exhausting the opportunities available from the federal aid programs, many students will consider private loan programs as a source of funding. As always, taking on debt for any reason should be done with considerable thought and only for the amounts needed. Additional information regarding the availability of federal student aid can be viewed at www.studentaid.ed.gov.

Federal Aid First

The terms and conditions of credit-based private loan programs vary, and as such, students are encouraged to review the details of the programs before selecting a private loan program. Private loans are not eligible for loan consolidation programs made available for federal student loans. Interest rates, fees (both at the time of borrowing and at repayment), credit checks, and annual and aggregate loan limits require careful evaluation by the student as a consumer.

As part of the application process, students will be required to complete the Private Education Loan Applicant Self-Certification Form available through their lender's website.  Students may also obtain a Self-Certification Form from the office of Student Financial Services.  Information needed to complete this form, such as cost of attendance, may be obtained from the link below while estimated financial assistance may be obtained from the student’s Award Notification or via portal.swau.edu.


Cost of Attendance


Students can find a list of lenders who have made loans to Southwestern Adventist University students in the past at https://www.elmselect.com. Southwestern has selected these leaders because of past experience with their customer service and because of the terms of their loans. There is also an option to search for additional lenders. Southwestern will process loan applications from any legitimate lender. Students and families DO NOT have to select one of the lenders listed on Southwestern's ELM website.

Borrowers may compare lender discounts and other borrower benefits with the following loan comparison tool:

Loan Discount Analyzer from FinAid.org

Southwestern Adventist University adheres to the Financial Aid Code of Conduct based on the Higher Education Opportunity Act of 2008 and the amended TILA.


Code of Conduct

To comply with the 2008 Higher Education Opportunity Act, Southwestern Adventist University adopts the following Code of Conduct to provide guidance to University employees in insuring the integrity of the student aid process and in ensuring ethical conduct of University employees in regard to student loan practices.  Our officers, employees, trustees and agents, including the alumni association and other organizations associated with Southwestern Adventist University, agree to the provisions of this Code of Conduct and will refrain from:

1. Accepting philanthropic contributions from a lender, lender servicer, or guarantor that are related to the educational loans provided by the entity that is making the contribution.

2. Serving on or otherwise participating as a member of an advisory council for a lender, lender affiliate, or lender servicer unless one would recuse themselves from decisions regarding private loans.

3. Accepting from a lender or its affiliate any fee, payment, or other financial benefit as compensation for any type of consulting arrangement or other contract to provide education loan-related services to or on behalf of the lender. 

In addition, Student Financial Services staff will refrain from:

4. Accepting fees or other benefits in exchange for endorsing a lender or the lender's loan products.

5. Requesting or accepting an offer of funds for private education loans from a lender, in exchange for our promise to provide the lender with placement on a preferred lender list, or a certain number of volume of private education loans.

6. Refusing to certify or delaying the certification of an education loan based on a borrower's choice of lender.

7. Assigning a first-time borrower to a particular private education loan lender through the student's financial aid award or another means.

8. Packaging a private education loan in a student's financial aid award, except when the student is ineligible for other financial aid, has exhausted his or her federal student aid eligibility, has not filed a Free Application for Federal Student Aid, or refuses to apply for a federal student loan.

9. Accepting impermissible gifts, goods, or services from a lender, lender servicer, or guarantor. The institution may accept default prevention, financial literacy, or student aid-related educational services or materials, or other items of a nominal value.

10. Receiving anything of value other than reimbursement of reasonable expenses while serving on an advisory board, commission, or group established by a lender or group of lenders.

Southwestern Adventist University is committed to providing the information and resources necessary to help every student achieve educational success. To accomplish this goal the financial aid staff will consider each student's individual needs.