Understanding Southeastern University Tuition Fees and Costs
Southeastern University, a private institution founded in 1935, offers a variety of undergraduate and graduate programs. Understanding the costs associated with attending this university is crucial for prospective students and their families. This article breaks down the tuition fees, financial aid options, and other expenses to provide a comprehensive overview of the financial aspects of attending Southeastern University.
Tuition and Fees: The Sticker Price
Southeastern University's tuition is $33,740. These figures include both tuition and fees, also referred to as the sticker price. Fees differ by institution and may fund library services, student gym facilities, student centers, technology resources, and campus health centers.
In 2023, the median undergraduate tuition at Southeastern University was $30,432. The cost of tuition at Southeastern University is $5,857 more than than the overall (public and private) national average for Masters Colleges and Universities ($24,575).
Compared with the national average cost of tuition of $47,097, Southeastern University is cheaper.
Total Cost of Attendance
As you’re comparing costs of different institutions, also consider the total cost and the net price. The total cost is the sticker price, plus the cost of food and housing, books and supplies, and transportation and personal expenses. At Southeastern University, the total cost is $53,480.
Read also: Understanding Southeastern GPA
Net Price: What You Actually Pay
The net price is a college’s cost of attendance minus the grants and scholarships you receive. The net price you pay for a particular college is specific to you because it’s based on your personal circumstances and the college’s financial aid policies. Use the college’s Net Price calculator for the most accurate estimate of your net price.
In 2023 Southeastern University had an average net price - the price paid after factoring in grants and loans - of $27,935. Between 2022 and 2023, the average net price of Southeastern University grew by 0.0896%.
The average net price at Southeastern University is $27,935 per year.
Other Student Expenses
Beyond tuition, students should budget for additional expenses such as books and supplies, personal expenses, and transportation.
The average yearly cost of room and board at Southeastern University was of $10,480 in 2023. The cost of room and board decreased by 3.09% between 2022 and 2023.During the same period, the average yearly cost of books and supplies was $1,600. The cost of books and supplies did not change during the same period.
Read also: Tuition at Southeastern Oklahoma State University
Here's a breakdown of these costs:
- Books and Supplies: $1,600 per year
- Personal Expenses: $6,000 per year
- Transportation: $1,800 per year
Financial Aid: Making College Affordable
Financial aid can include grants, loans, scholarships and work-study jobs. Financial aid packages vary depending on your financial need. Most colleges determine financial need based on your FAFSA.
Types of Financial Aid
- Grants: Financial aid that doesn't need to be repaid.
- Loans: Money borrowed that must be repaid with interest.
- Scholarships: Funding awarded based on academic merit, talent, or other criteria; doesn't need to be repaid.
- Work-Study Jobs: Part-time jobs on campus that help students earn money to cover expenses.
Financial Aid Statistics at Southeastern University
- Students Receiving Financial Aid: 71.53%
- Freshmen With Need and Received Financial Aid: 74.51%
- Average Aid Packages Awarded: $21,116
Need-Based Aid
Need-based aid is awarded to students based on their financial need, as determined by the FAFSA.
Average Need-Based Scholarship or Grant Award: $6,580. Scholarships and grants don’t need to be paid back.
Average Need-Based Loan Amount: $4,175. Loans must be paid back.
Read also: Nova Southeastern Osteopathic Medicine
The average need-based scholarship or grant awarded to first-year students at Southeastern University was $6,491. Additionally, 76% of first-year students received need-based financial aid in fall 2023.
Need-based self-help aid includes federal loans and work-study. The average need-based self-help aid awarded to first-year students was $10,048.
Non-Need-Based Aid
Merit-based aid, also called non-need-based aid, is awarded for a specific talent or academic achievement. The average non-need-based scholarship or grant awarded to first-year students at Southeastern University - excluding any athletic scholarships, if applicable - was $14,640.
Financial Aid Dates
- Application Due: Jun 30. The last day to apply for financial aid or turn in related paperwork.
*Applications received prior to this date will be given the strongest consideration. Still apply for financial aid if you don’t make this due date.
Financial Aid by Income Level
45% of undergraduate students at Southeastern University received financial aid through grants or loans in 2023. This represents a decline of 21.1% with respect to 2022, when 57% of undergraduate students received financial aid.
Meeting Financial Need
Southeastern University met 54% of its students’ financial aid need.
Student Loan Debt
How much student loan debt you accumulate can affect your financial life long after college ends. Ideally, your total student loan debt should fall below your anticipated starting salary once you graduate.
At Southeastern University, the median federal loan debt among borrowers who completed their undergraduate degree is $21,500. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $228.
Additionally, 7% of graduating students at Southeastern University took out private loans. Students with private loans had an average of $25,091 in private loan debt at graduation.
- Average Total Indebtedness of 2024 Graduating Class: $26,982
- Graduating students who have borrowed (any loan type, 2024): 86%
- Graduating students who have borrowed (private loans, 2024):
Scholarships
Scholarships are a type of funding that you don’t need to pay back. Need-based scholarships take a student’s financial status into account. Merit-based scholarships are awarded to students for academic or athletic achievement. You might also qualify for a scholarship based on your community service involvement, unique hobbies or traits, your personal background, or a parent’s employer or military affiliation.
Some students receive enough in scholarship money to cover their tuition and living expenses. See the types of scholarships and grants available at Southeastern University below.
Types of scholarships
- Need-based scholarships
- Merit-based scholarships
Jobs
Working while in school can help lessen the burden of your student loans. Schools offer work-study programs to those who qualify and campus jobs to students looking to earn money in their free time. Some institutions match students with work-study positions, while others require them apply to the positions, like they would for any other job.
Begin your job search by checking whether your college has in-person or online job boards.
Admissions and Enrollment
Southeastern University received 2,800 undergraduate applications in 2023, which represents a 28.3% annual growth. Out of those 2,800 applicants, 2,080 students were accepted for enrollment, representing a 74.3% acceptance rate.
There were 10,400 students enrolled at Southeastern University in 2023. Southeastern University has an overall enrollment yield of 49.7%, which represents the number of admitted students who ended up enrolling.
The enrolled student population at Southeastern University, both undergraduate and graduate, is 52.6% White, 24.3% Hispanic or Latino, 11.8% Black or African American, 3.5% Two or More Races, 2.06% Asian, 0.731% American Indian or Alaska Native, and 0.337% Native Hawaiian or Other Pacific Islanders.
Key Enrollment Statistics
- Acceptance Rate: 74.3% in 2023
- Total Enrollment (2023): 10,400 students
- Full-Time Enrollment: 4,802 students
- Part-Time Enrollment: 5,598 students
Graduation and Retention
Understanding graduation and retention rates can provide insights into the university's academic environment and student support systems.
The retention rate for full-time undergraduates at Southeastern University was 72%.
In 2023, 34% of students graduating from Southeastern University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 47% completed their degrees within 150% of the normal time, and 48% within 200%.
Outcomes
Six years after graduation, the median salary for graduates is $36,314.
In 2023, 1,538 degrees were awarded across all undergraduate and graduate programs at Southeastern University. 61.2% of these degrees were awarded to women, and 38.8% awarded men. The most common race/ethnicity group of degree recipients was white (921 degrees), 3.52 times more than then the next closest race/ethnicity group, hispanic or latino (262 degrees).
In 2023, the most specialized majors across all degree types at Southeastern University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Theology (473 degrees awarded), Public Administration and Social Service (108 degrees), and Parks, Recreation, & Leisure (76 degrees).
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