Undergraduate Financial Aid by Type

The average amount of grants of scholarship aid is $6,831 and the average loan amount is $6,406. The average financial aid amount is 66.29% of tuition & fees based on out-of-state rate (tuition & fees: $10,304).
Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid1,749 27%$11,947,235$6,831
Pell Grants679 10%$2,771,841$4,082
Federal Students Loans1,013 15%$6,489,179$6,406

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), 389 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 $7,389 and the average amount of student loans awarded to full-time first-time undergraduate students is $7,616.
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 AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid39495%--
Grant or scholarship aid389 94%$2,874,270$7,389
Federal Grants290 70%$1,221,426$4,212
Pell Grants133 32%$616,521$4,635
Other Federal Grants289 70%$604,905$2,093
State/Local Grants123 30%$410,954$3,341
Institutional Grants342 83%$1,241,890$3,631
Student Loans244 59%$1,858,398$7,616
Federal Student Loans226 55%$1,154,539$5,109
Other Student Loans63 15%$703,859$11,172

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 AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
All Income Level--$1,160,922$6,869
0 - $30,00020 20$244,515$12,226
$30,001 - $48,00025 24$256,059$10,242
$48,001 - $75,00035 35$317,550$9,073
$75,001 - $110,00035 34$189,274$5,408
$110,001 - more54 49$153,524$2,843

Number of Students by Living Arrangement (Freshmen)

At Southwest Minnesota State University, 174 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 9 students live off-campus. In addition, 24 students live with their family.
# of Students
Living On-Campus174
Living Off-Campus9
Living with Family24
Un-known9

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