Financial Aid

Southwest Acupuncture College provides a financial aid program that consists of student financial aid counseling, a federal loan program, and several small scholarships.

Federal Loan Program
Through Title IV of the Federal Higher Education Act, Southwest Acupuncture College participates in the William D. Ford Direct Loan (DL) program, and, through it, offers unsubsidized Federal Direct loans and Graduate Plus Federal Direct loans only as of July 1, 2012.

An unsubsidized loan is not awarded on the basis of need. Students awarded unsubsidized loans are charged of 6.00% from the time the loan is disbursed until it is paid in full. A Graduate Plus loan is a credit based loan. The maximum PLUS Loan amount you can borrow is your cost of attendance (determined by the school) minus any other financial assistance you will receive. The interest rate for Direct PLUS Loans is a fixed rate of 7.00%. The repayment period for a Direct PLUS Loan begins at the time the PLUS loan is fully disbursed, and the first payment is due within 60 days after the final disbursement. However, you may defer repayment while you are enrolled at least half-time. If your Direct PLUS Loan was first disbursed on or after July 1, 2008, you may also defer repayment for an additional six months after you cease to be enrolled at least half-time.

A student can choose to pay the interest while in school or allow it to accumulate. If the interest is allowed to accumulate, it will be capitalized-that is, the interest will be added to the principle amount of the loan and will increase the amount owed.

Most students are eligible to borrow the graduate level amount of $20,500 per every two trimesters made up of unsubsidized loan amounts. The loan is disbursed in two equal installments, each at the beginning of each term of the academic year.

If you want an estimate of your repayment schedule, go to (interactive loan calculator) on the web. The program will calculate your monthly repayment schedule when you insert the amount borrowed, length of repayment, loan type, and the interest rate charged.

Southwest Acupuncture College has four small scholarships available at each campus. These scholarships are awarded to students who have demonstrated outstanding promise as a practitioner, or high levels of scholarship and academic achievement. There is no application, as all students are considered. These annual awards range from about $250 to $1,500.

Other Scholarships and Grants
There are private corporations and foundations that offer scholarships and grants to students. Most public libraries will have information on scholarships and grants from the private sector. Occasionally the college receives applications for scholarships from private foundations and makes these available to students. In addition, students can search for private scholarships and find grants and scholarships for veterans

Veteran’s Benefits
Southwest Acupuncture College is approved for Veteran's benefits at all three campuses. Contact your local VA office or our school for application forms if you are eligible and have been accepted as a student at this college.

Alternative Financial Aid Loans
Alternative student loans are private sources of financial aid. They can be obtained inaddition to the Federal Direct loan administered by the college. Alternative loans are available for students who may need to borrow more money to meet their educational needs that exceed what is available from government loans.

Though the college will accept alternative loans, it is the responsibility of the student to research and contact a lender and carry out their own alternative loan transaction with a lender of their choice. Keep in mind that the interest rate and terms will be different. You will want to make sure to review them.

Payment Plans
The college has a payment plan program for those students who cannot pay their tuition at the time of registration. Payment plans are made with a monthly late fee charge of 1.25% of the unpaid balance (15% per year). Balances must be paid in full each semester. Students may make arrangements for a payment plan with the Bookkeeping Office.

Click here for information on how to obtain a Direct Loan.

For further information about financial aid at Southwest Acupuncture College, call the Financial Aid Office at 505.438.8884 x 1020or click here to send an e-mail.

You may also call the U.S. Department of Education at 800.433.3243.


Email our Financial Aid Director, Angela Anaya, or call her at (505) 438-8884 x1020.

Financial Aid Links

General Financial Aid Information
a comprehensive collection of information about grants, loans, work-study, and tax credits for education and how to apply for them, offered by the U.S. Department of Education.
WiredScholar, another site launched by Sallie Mae, offers a comprehensive, organized and informative step-by-step approach to financing.
At this site you can compare student loans, learn about financial aid, search for scholarships, and apply online.
provides a long list of financial aid links organized by categories such as: graduate and professional funding, women, international students, etc.
This guide is a free resource that offers scholarships and financial aid information for all women pursuing higher education and includes specific content for students in traditionally underrepresented fields like STEM and finance as well as often underserved groups like single mothers and veterans.

Scholarships and Grants

FastWeb's free scholarship database includes more than 500,000 private sector scholarships, fellowships, grants, and student loans; also provides expert advice and how-tos on admissions, financial aid, loan counseling and more.

College has nearly 20,000 scholarships in its searchable and filterable database. Free with no ads or registration required.

College Collection lists free scholarship information updated every month (includes Scholarship of the Month, regional, and specialized scholarships); links to other financial aid web sites.

The American Association of University Women Educational Foundation offers graduate fellowships, grants, and awards for women.

Trudy McAlister Foundation provides basic support scholarships for students who have completed at least one full academic year of their professional training and who, in the opinion of their faculty, advisors and the advisors of the Fund, show unusual promise in the practice of this medicine.

GoodCall Scholarship Search Engine which is one of the largest databases of scholarships on the web. Unlike the others, the GoodCall Scholarship Engine requires no personal information and it's free to use.

International Student Financial Aid Information
International Education Financial Aid provides a searchable database of scholarships and grants for the international student, both graduate and undergraduate.
provides a long list of financial aid links organized by categories such as: graduate and professional funding, women, international students, etc.

Resources for Veterans
an extensive resource page for college students who are either veterans or current military personnel. It covers everything that military students need to know while attending college, both in-person and online.

Federal Student Financial Aid
a comprehensive collection of information about grants, loans, work-study, and tax credits for education and how to apply for them, offered by the U.S. Department of Education.
lists other links to information regarding federal student financial aid such as the Student Guide in Spanish and English, the Free Application for Federal Student Aid (FAFSA), financial aid publications,loan deferment options, etc.
your source of information for the U.S. Department of Education PIN.
provides access to the U.S. Department of Education Student Guide for financial aid online.
provides the Free Application for Federal Student Aid (FAFSA) that can be filled in and submitted online. The code for both campuses is g26220.
provides assistance in completing the FAFSA.