For the academic year 2022-2023, total 395 full-time, first-time students (95% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 1,749 students (27% of all students) received grants or scholarships and the average grant amount is $6,831. In addition, 1,013 students received student loans and the average loan amount is $6,406.
Below tables show the number and amount by source of financial aid at Southwest Minnesota State University.
For all undergraduate students, total 1,749 students (27% of all students) received grants or scholarships and the average grant amount is $6,831. In addition, 1,013 students received student loans and the average loan amount is $6,406.
Below tables show the number and amount by source of financial aid at Southwest Minnesota State University.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 1,749 | 27% | $6,831 |
| Pell Grants | 679 | 10% | $4,082 |
| Federal Student Loans | 1,013 | 15% | $6,406 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 395 | 95% | - |
| Grants or Scholarship from All Sources | 389 | 94% | $7,389 |
| Federal Grants | 290 | 70% | $4,212 |
| Pell Grants | 133 | 32% | $4,635 |
| Other Federal Grants | 289 | 70% | $2,093 |
| State/Local Grants | 123 | 30% | $3,341 |
| Institutional Grants | 342 | 83% | $3,631 |
| Student Loans | 244 | 59% | $7,616 |
| Federal Student Loans | 226 | 55% | $5,109 |
| Other Student Loans | 63 | 15% | $11,172 |
What is the Financial aid?
Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.
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- How many students are received any financial aid at Southwest Minnesota State University?
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- What is the average financial aid amount at Southwest Minnesota State University?
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