Undergraduate Financial Aid by Type

The average amount of grants of scholarship aid is $35,270 and the average loan amount is $6,297. The average financial aid amount is 54.72% of tuition & fees (tuition & fees: $64,460).
Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid4,987 72%$175,891,454$35,270
Pell Grants800 12%$3,955,557$4,944
Federal Students Loans1,501 22%$9,451,740$6,297

Undergraduate Student Financial Aid Comparison Chart

First-time (full-time) Undergraduate Students Financial Aid

For the full-time, first-time undergraduate students (freshmen, in most cases), 1,152 students have received one or more types of financial aid at Southern Methodist University.
The average amount of federal, state, local or institutional grant aid is $35,344 and the average amount of student loans awarded to full-time first-time undergraduate students is $12,369.
The following table shows the financial data by type of aid at Southern Methodist University.

First-time Undergraduate Financial Aid by Type

Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid1,17975%--
Grant or scholarship aid1,152 73%$40,715,906$35,344
Federal Grants173 11%$1,038,260$6,002
Pell Grants173 11%$853,156$4,932
Other Federal Grants82 5%$185,104$2,257
State/Local Grants174 11%$688,727$3,958
Institutional Grants1,146 73%$38,988,919$34,022
Student Loans405 26%$5,009,417$12,369
Federal Student Loans383 24%$1,978,593$5,166
Other Student Loans94 6%$3,030,824$32,243