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What is the average loan amount at Southern Methodist University?

For the academic year 2022-2023, total 405 full-time, first-time students (26% of all freshmen) have received student loans (federal or other source). For all undergraduate students, total 1,501 students (22% of all students) have received federal student loans and the average loan amount is $6,297 at Southern Methodist University.

Below tables show the number and amount by source of financial aid at Southern Methodist University.
All Undergraduate Student Financial Aid at Southern Methodist University
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid4,98772%$35,270
Pell Grants80012%$4,944
Federal Student Loans1,50122%$6,297
Beginning Students (Freshmen) Financial Aid at Southern Methodist University
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid1,19476%-
Grants or Scholarship from All Sources1,15273%$35,344
Federal Grants17311%$6,002
Pell Grants17311%$4,932
Other Federal Grants825%$2,257
State/Local Grants17411%$3,958
Institutional Grants1,14673%$34,022
Student Loans40526%$12,369
Federal Student Loans38324%$5,166
Other Student Loans946%$32,243

Know more about SMU

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