Number Received Financial Aid (All Undergraduate)
1,541
Percent Received Financial Aid(All Undergraduate)
24%
Average Aid Amount
$6,588
Number Received Financial Aid (Freshmen)
296
Percent Received Financial Aid (Freshmen)
93%
Financial Aid Information at Southwest Minnesota State
For the academic year 2023-2024, a total of 1,541 students (24% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $6,588. For freshmen (Full-time, first-time degree-seeking undergraduate students), 296 students (93% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at Southwest Minnesota State University is $10,361, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 1,541 students (24% of all students) have received grants or scholarships and the average received aid amount is $6,588. It includes federal, state, local, institutional, or other sources of grant aid.
The following table describes the financial aid statistics by aid types at Southwest Minnesota State 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 | 1,541 | 24% | $6,588 |
| Pell Grants | 704 | 11% | $4,269 |
| Federal Student Loans | 998 | 15% | $6,749 |
Beginning Students Financial Aid
a total of 296 beginning students (93% of all freshmen) have received any financial aid and 295 students (92% 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 Southwest Minnesota State University.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 296 | 93% | - |
| Grants or Scholarship from All Sources | 290 | 91% | $7,455 |
| Federal Grants | 126 | 39% | $5,077 |
| Pell Grants | 115 | 36% | $4,942 |
| Other Federal Grants | 62 | 19% | $1,151 |
| State/Local Grants | 130 | 41% | $4,114 |
| Institutional Grants | 263 | 82% | $3,755 |
| Student Loans | 175 | 55% | $7,627 |
| Federal Student Loans | 173 | 54% | $5,426 |
| Other Student Loans | 43 | 13% | $9,209 |
Students Headcount by Living Status
For academic year 2023-2024, total 219 full-time beginning students have enrolled and attended Southwest Minnesota State University. Among them, 171 students have lived on campus and 16 students lived off campus (without family). The following table shows the students count by living status and years.
| Living Status | 2021 | 2022 | 2023 |
|---|---|---|---|
| Living On-Campus | 190 | 174 | 171 |
| Living Off-Campus with Family | 23 | 24 | 21 |
| Living Off-Campus without Family | 11 | 9 | 16 |
Grants and Scholarship Aid By Income Level (Paying In-State Tuition)
The following table shows number of students who paid the in-state or in-district tuition rate and were awarded any grant/scholarship by income level for academic year 2023-2024 . The sources of grants and scholarship aid are the federal government, state/local government, or the institution.
| Income Level | Number of Students | Number of Students Awarded | Total Amount Aid Awarded | Average Amount Aid Awarded |
|---|---|---|---|---|
| All level | 163 | 160 | $1,245,163 | $7,639 |
| $0 - $30,000 | 25 | 25 | $323,985 | $12,959 |
| $30,001 - $48,000 | 23 | 23 | $256,138 | $11,136 |
| $48,001 - $75,000 | 34 | 34 | $326,013 | $9,589 |
| $75,001 - $110,000 | 39 | 39 | $217,836 | $5,586 |
| $110,001 or more | 42 | 39 | $121,191 | $2,886 |
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