Financial Aid

Financial Aid

At Sewanee we understand that an investment in private higher education is a substantial one for most families. Support from alumni and the University’s endowment enables us to provide students with scholarships, grants, and other financial aid programs in an attempt to keep cost from being the primary factor in your decision-making process.

Sewanee provides more than $24 million in institutional aid each year. In the 2013–2014 academic year, 80 percent of University students received some form of aid, including University aid, scholarships, and other aid from all sources. In 2013, 73 percent of entering freshmen received financial aid from Sewanee. Almost half of freshmen received need-based aid; their average aid package was more than $28,600.

Award Criteria

Financial aid funds are always limited.  To guarantee fairness in awarding institutional funds, Sewanee combines three factors when determining how to allocate institutional need-based aid:

  1. A student must have need-based aid eligibility, computed on the basis of family financial information submitted on the Free Application for Federal Student Aid (FAFSA) and Sewanee’s institutional application for financial aid.
  2. Priority consideration will be given to students with a complete actionable application on file by February 1.
  3. A student’s academic performance will be considered in the composition and extent of the aid award.

Federal Student Aid

Students wishing to apply for federal student aid funds only need to submit the FAFSA.

What is available?

It is important to understand that the responsibility for financing the cost of a higher education must be primarily assumed by students and/or their families to the extent of their ability. To this end, a number of the aid programs administered by the Office of Financial Aid are awarded first and foremost on the basis of calculated need-based eligibility. Need-based awards are considered to supplement, not replace, the family’s obligation in financing the student’s education.