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What is the average loan amount at Southwest Minnesota State University?

For the academic year 2022-2023, total 244 full-time, first-time students (59% of all freshmen) have received student loans (federal or other source). For all undergraduate students, total 1,013 students (15% of all students) have received federal student loans and the average loan amount is $6,406 at Southwest Minnesota State University.

Below tables show the number and amount by source of financial aid at Southwest Minnesota State University.
All Undergraduate Student Financial Aid at Southwest Minnesota State University
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid1,74927%$6,831
Pell Grants67910%$4,082
Federal Student Loans1,01315%$6,406
Beginning Students (Freshmen) Financial Aid at Southwest Minnesota State University
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid39595%-
Grants or Scholarship from All Sources38994%$7,389
Federal Grants29070%$4,212
Pell Grants13332%$4,635
Other Federal Grants28970%$2,093
State/Local Grants12330%$3,341
Institutional Grants34283%$3,631
Student Loans24459%$7,616
Federal Student Loans22655%$5,109
Other Student Loans6315%$11,172

Know more about Southwest Minnesota State

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