Number Received Financial Aid (All Undergraduate)
4,987
Percent Received Financial Aid(All Undergraduate)
72%
Average Aid Amount
$35,270
Number Received Financial Aid (Freshmen)
1,194
Percent Received Financial Aid (Freshmen)
76%
Financial Aid Information at SMU
For the academic year 2021-2022, a total of 4,987 students (72% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $35,270. For freshmen (Full-time, first-time degree-seeking undergraduate students), 1,194 students (76% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at Southern Methodist University is $64,460, for reference.
All Undergraduate Students Financial Aid
For the academic year 2021-2022, a total of 4,987 students (72% of all students) have received grants or scholarships and the average received aid amount is $35,270. 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 | 4,987 | 72% | $35,270 |
| Pell Grants | 800 | 12% | $4,944 |
| Federal Student Loans | 1,501 | 22% | $6,297 |
Beginning Students Financial Aid
a total of 1,194 beginning students (76% of all freshmen) have received any financial aid and 1,179 students (75% 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 | 1,194 | 76% | - |
| Grants or Scholarship from All Sources | 1,152 | 73% | $35,344 |
| Federal Grants | 173 | 11% | $6,002 |
| Pell Grants | 173 | 11% | $4,932 |
| Other Federal Grants | 82 | 5% | $2,257 |
| State/Local Grants | 174 | 11% | $3,958 |
| Institutional Grants | 1,146 | 73% | $34,022 |
| Student Loans | 405 | 26% | $12,369 |
| Federal Student Loans | 383 | 24% | $5,166 |
| Other Student Loans | 94 | 6% | $32,243 |
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