Financial Aid at Southwest Minnesota State

Financial Aid Amount Received

$6,076 (60.03% of tuition)

Percent of Financial Aid Received

23% of 6,556 students

1,581 undergraduate students (23% of all students) have received grants, scholarships, and/or federal student loans at Southwest Minnesota State University. The percentage of students who received financial aid lower compared to Public, 4-Years Colleges in Minnesota.

Compare to similar schools in rankings such as Augsburg University and Concordia University-Saint Paul, the percentage of students who received financial aid is lower (the average of the schools is 73.29%).

Undergraduate Financial Aid by Type

The average amount of grants of scholarship aid is $6,076 and the average loan amount is $6,244. The average financial aid amount is 60.03% of tuition & fees based on out-of-state rate (tuition & fees: $10,122).

	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Grant or scholarship aid	1,581	23%	$9,606,118	$6,076
Pell Grants	698	10%	$2,895,986	$4,149
Federal Students Loans	1,019	15%	$6,362,886	$6,244

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), 333 students have received one or more types of financial aid at Southwest Minnesota State University.

The average amount of federal, state, local or institutional grant aid is $7,101 and the average amount of student loans awarded to full-time first-time undergraduate students is $7,049.

The following table shows the financial data by type of aid at Southwest Minnesota State University.

First-time Undergraduate Financial Aid by Type

	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Any Financial Aid	337	98%	-	-
Grant or scholarship aid	333	97%	$2,364,649	$7,101
Federal Grants	202	59%	$826,219	$4,090
Pell Grants	142	41%	$657,319	$4,629
Other Federal Grants	190	55%	$168,900	$889
State/Local Grants	146	43%	$478,802	$3,279
Institutional Grants	307	90%	$1,059,628	$3,452
Student Loans	233	68%	$1,642,374	$7,049
Federal Student Loans	229	67%	$1,173,337	$5,124
Other Student Loans	58	17%	$469,037	$8,087

Financial Aid by Income Level

The following table summarizes the number of schools receiving financial aid and its average amount by income levels at Southwest Minnesota State University.

Income Level	# of Students	# of Students Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
All Income Level	-	-	$1,351,528	$7,306
0 - $30,000	40	40	$468,923	$11,723
$30,001 - $48,000	29	29	$303,874	$10,478
$48,001 - $75,000	30	30	$221,050	$7,368
$75,001 - $110,000	46	45	$247,698	$5,385
$110,001 - more	40	38	$109,983	$2,750

Number of Students by Living Arrangement (Freshmen)

At Southwest Minnesota State University, 190 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 11 students live off-campus. In addition, 23 students live with their family.