How SMU's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Southern Methodist University since 2013.

For that period, the average number of students who received grants aid/scholarships is 4,603, which is 70.11 % of all undergraduate students. 1,597 students which is 24.33% of undergraduate students received federal student loans and the average loan amount is $6,558.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	4,396 (69%)	$26,084	1,015 (16%)	$4,147	1,988 (31%)	$6,994
2014-15	4,399 (69%)	$26,531	969 (15%)	$4,204	1,821 (28%)	$6,984
2015-16	4,270 (67%)	$28,119	825 (13%)	$4,345	1,634 (25%)	$6,634
2016-17	4,432 (68%)	$30,085	827 (13%)	$4,328	1,578 (24%)	$6,635
2017-18	4,487 (70%)	$31,071	805 (12%)	$4,410	1,529 (24%)	$6,504
2018-19	4,723 (73%)	$33,273	741 (11%)	$4,501	1,430 (22%)	$6,269
2019-20	4,793 (71%)	$34,874	720 (11%)	$4,667	1,387 (21%)	$6,371
2020-21	4,943 (72%)	$35,000	760 (11%)	$4,746	1,503 (22%)	$6,335
2021-22	4,987 (72%)	$35,270	800 (12%)	$4,944	1,501 (22%)	$6,297
Average	4,603 (70.11%)	$31,145	829 (12.67%)	$4,477	1,597 (24.33%)	$6,558

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 1,100 (74.00 % of students) received grants or scholarships and its average amount is $32,176. It can cover 49.92% of tuition & fees ($64,460).

In addition, 376 (25.33 % of students) students get helped from the students loans (average amount : $10,522).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,029 (72%)	$26,922	449 (31%)	$8,988
2014-15	1,016 (70%)	$27,113	360 (25%)	$10,785
2015-16	969 (71%)	$29,539	332 (24%)	$8,606
2016-17	1,164 (77%)	$33,203	399 (26%)	$10,162
2017-18	1,052 (74%)	$33,548	352 (25%)	$9,927
2018-19	1,220 (80%)	$34,084	334 (22%)	$11,950
2019-20	1,159 (75%)	$34,890	354 (23%)	$11,378
2020-21	1,136 (74%)	$34,940	396 (26%)	$10,532
2021-22	1,152 (73%)	$35,344	405 (26%)	$12,369
Average	1,100 (74.00%)	$32,176	376 (25.33%)	$10,522

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 144 (9.78 % of students) received Pell (federal) grants and its average amount is $4,631.

In addition, 151 students received State/local government grants/scholarships (10.22 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	171 (12%)	$4,187	48 (3%)	$1,958	171 (12%)	$3,620	1,027 (72%)	$25,583
2014-15	150 (10%)	$4,517	79 (5%)	$1,983	156 (11%)	$3,707	1,007 (69%)	$25,953
2015-16	120 (9%)	$4,431	55 (4%)	$2,309	118 (9%)	$3,773	966 (71%)	$28,488
2016-17	155 (10%)	$4,616	107 (7%)	$2,593	179 (12%)	$3,892	1,159 (76%)	$31,888
2017-18	121 (9%)	$4,932	58 (4%)	$3,329	114 (8%)	$3,910	1,045 (74%)	$32,591
2018-19	132 (9%)	$4,804	57 (4%)	$1,986	138 (9%)	$3,805	1,214 (80%)	$33,204
2019-20	139 (9%)	$4,600	69 (4%)	$2,463	154 (10%)	$3,505	1,154 (75%)	$33,872
2020-21	139 (9%)	$4,660	62 (4%)	$2,000	156 (10%)	$3,738	1,126 (74%)	$34,047
2021-22	173 (11%)	$4,932	82 (5%)	$2,257	174 (11%)	$3,958	1,146 (73%)	$34,022
Average	144 (9.78%)	$4,631	69 (4.44%)	$2,320	151 (10.22%)	$3,768	1,094 (73.78%)	$31,072

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 376 (25.33 % of students) get any students loan help and its average loan amount is $376.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	449 (31%)	$8,988	431 (30%)	$5,533	93 (7%)	$17,747
2014-15	360 (25%)	$10,785	342 (24%)	$5,819	89 (6%)	$21,267
2015-16	332 (24%)	$8,606	322 (24%)	$5,607	48 (4%)	$21,914
2016-17	399 (26%)	$10,162	384 (25%)	$5,517	81 (5%)	$23,905
2017-18	352 (25%)	$9,927	342 (24%)	$5,676	55 (4%)	$28,235
2018-19	334 (22%)	$11,950	316 (21%)	$5,275	84 (6%)	$27,671
2019-20	354 (23%)	$11,378	336 (22%)	$5,262	77 (5%)	$29,351
2020-21	396 (26%)	$10,532	380 (25%)	$5,241	75 (5%)	$29,055
2021-22	405 (26%)	$12,369	383 (24%)	$5,166	94 (6%)	$32,243
Average	376 (25.33%)	$10,522	360 (24.33%)	$5,455	77 (5.33%)	$25,710

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Scholarships, Grants, and Loan Trends at SMU

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time