Number Received Financial Aid (All Undergraduate)
4,923
Percent Received Financial Aid(All Undergraduate)
70%
Average Aid Amount
$36,450
Number Received Financial Aid (Freshmen)
1,205
Percent Received Financial Aid (Freshmen)
74%
Financial Aid Information at SMU
For the academic year 2023-2024, a total of 4,923 students (70% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $36,450. For freshmen (Full-time, first-time degree-seeking undergraduate students), 1,205 students (74% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at Southern Methodist University is $67,040, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 4,923 students (70% of all students) have received grants or scholarships and the average received aid amount is $36,450. It includes federal, state, local, institutional, or other sources of grant aid.
The following table describes the financial aid statistics by aid types at Southern Methodist University for all undergraduate students.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 4,923 | 70% | $36,450 |
| Pell Grants | 837 | 12% | $5,132 |
| Federal Student Loans | 1,534 | 22% | $6,301 |
Beginning Students Financial Aid
a total of 1,205 beginning students (74% of all freshmen) have received any financial aid and 1,175 students (72% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students.
The below table shows the number and amount by the source of financial aid at Southern Methodist University.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 1,205 | 74% | - |
| Grants or Scholarship from All Sources | 1,127 | 69% | $36,850 |
| Federal Grants | 190 | 12% | $6,368 |
| Pell Grants | 190 | 12% | $5,057 |
| Other Federal Grants | 95 | 6% | $2,621 |
| State/Local Grants | 194 | 12% | $3,908 |
| Institutional Grants | 1,121 | 69% | $35,291 |
| Student Loans | 414 | 25% | $14,284 |
| Federal Student Loans | 392 | 24% | $5,235 |
| Other Student Loans | 97 | 6% | $39,811 |
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