Financial Aid at Southwest Minnesota State

Average Amount Received	% Received Financial Aid
$6,831	27%

1,749 students (27% of total 6,546 undergraduate students) have awarded federal, state, local, institutional or other sources of grant aid at Southwest Minnesota State University.

The average amount of the aid awarded is $6,831. For the first-time, full-time beginning students (freshmen), 95% of total 414 enrolled students have received any kind of financial aid and its average amount of aid received is $7,389.

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All Undergraduate Financial Aid

At Southwest Minnesota State University, 1,749 undergraduate students (27% of total 6,546 students) have received financial aid including grants, scholarships, and/or federal student loans.The average amount of aid received is $6,831.

Financial Aid Statistics (All Undergraduate Students)
Type of Aid	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Grant or Scholarship	1,749	27%	$11,947,235	$6,831
Pell Grants	679	10%	$2,771,841	$4,082
Federal Student Loan	1,013	15%	$6,489,179	$6,406

Beginning Undergraduate Students (Freshmen) Financial Aid

395 beginning undergraduate students (95% of total 414 enrolled freshmen) have received financial aid including grants, scholarships, and/or federal student loans at Southwest Minnesota State University. The average amount of aid received is $7,389.

Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students)
Type of Aid	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Any Financial Aid	395	95%	-	-
Grants or Scholarships	389	94%	$2,874,270	$7,389
Federal Grants	290	70%	$1,221,426	$4,212
Pell Grants	133	32%	$616,521	$4,635
Other Federal Grants	289	70%	$604,905	$2,093
State/Local Grants	123	30%	$410,954	$3,341
Institutional Grants	342	83%	$1,241,890	$3,631
Student Loan Aid	244	59%	$1,858,398	$7,616
Federal Student Loans	226	55%	$1,154,539	$5,109
Other Student Loans	63	15%	$703,859	$11,172

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

The next table shows the number of students awarded and the average grants/scholarship aid amount by income level for the academic year 2021-2022 at Southwest Minnesota State University.

The sources of grants and scholarship aid are the federal government, state/local government, or the institution. For the statistics, only students who paid the in-state or in-district tuition rate are considered.

Grants of Scholarship Aid Statistics By Income Level
Income Level	Number of Students	Number of Students Awarded	Total Amount Aid Awarded	Average Amount Aid Awarded
All level	169	162	$1,160,922	$6,869
0-30,000	20	20	$244,515	$12,226
30,001-48,000	25	24	$256,059	$10,242
48,001-75,000	35	35	$317,550	$9,073
75,001-110,000	35	34	$189,274	$5,408
110,001 or more	54	49	$153,524	$2,843

Financial Aid at Southwest Minnesota State

All Undergraduate Financial Aid

Beginning Undergraduate Students (Freshmen) Financial Aid

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

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