How Southwest Minnesota State'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 Southwest Minnesota State University since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,694, which is 25.44 % of all undergraduate students. 1,297 students which is 19.22% of undergraduate students received federal student loans and the average loan amount is $6,401.

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	1,848 (29%)	$4,655	970 (15%)	$3,810	1,651 (26%)	$6,618
2014-15	1,785 (27%)	$4,701	866 (13%)	$3,854	1,554 (23%)	$6,525
2015-16	1,753 (26%)	$4,903	845 (12%)	$3,721	1,468 (21%)	$6,344
2016-17	1,730 (25%)	$5,027	817 (12%)	$3,911	1,407 (20%)	$6,370
2017-18	1,607 (24%)	$5,437	792 (12%)	$4,035	1,309 (19%)	$6,347
2018-19	1,555 (23%)	$5,641	765 (11%)	$4,075	1,179 (18%)	$6,328
2019-20	1,639 (25%)	$5,503	714 (11%)	$4,085	1,071 (16%)	$6,428
2020-21	1,581 (23%)	$6,076	698 (10%)	$4,149	1,019 (15%)	$6,244
2021-22	1,749 (27%)	$6,831	679 (10%)	$4,082	1,013 (15%)	$6,406
Average	1,694 (25.44%)	$5,419	794 (11.78%)	$3,969	1,297 (19.22%)	$6,401

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

Overview

For the last 10 years, on average, 353 (90.22 % of students) received grants or scholarships and its average amount is $5,570. It can cover 54.06% of tuition & fees ($10,304) based on out-of-state rate.

In addition, 269 (67.78 % of students) students get helped from the students loans (average amount : $7,441).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	405 (91%)	$4,408	333 (75%)	$7,495
2014-15	412 (88%)	$4,321	347 (74%)	$7,503
2015-16	367 (82%)	$4,587	309 (69%)	$7,797
2016-17	384 (80%)	$4,843	309 (64%)	$7,640
2017-18	285 (87%)	$5,850	214 (65%)	$6,985
2018-19	317 (94%)	$5,585	238 (70%)	$7,324
2019-20	289 (99%)	$6,049	193 (66%)	$7,558
2020-21	333 (97%)	$7,101	233 (68%)	$7,049
2021-22	389 (94%)	$7,389	244 (59%)	$7,616
Average	353 (90.22%)	$5,570	269 (67.78%)	$7,441

^*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, 150 (38.11 % of students) received Pell (federal) grants and its average amount is $4,312.

In addition, 157 students received State/local government grants/scholarships (40.33 % 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	181 (41%)	$3,964	55 (12%)	$551	189 (42%)	$2,225	337 (76%)	$1,831
2014-15	166 (35%)	$4,133	58 (12%)	$627	181 (39%)	$2,363	350 (75%)	$1,801
2015-16	161 (36%)	$4,120	70 (16%)	$608	172 (39%)	$2,543	303 (68%)	$1,783
2016-17	181 (38%)	$4,176	77 (16%)	$542	191 (40%)	$2,510	306 (64%)	$1,904
2017-18	122 (37%)	$4,432	52 (16%)	$548	140 (43%)	$2,801	256 (78%)	$2,757
2018-19	142 (42%)	$4,405	61 (18%)	$551	156 (46%)	$2,768	276 (82%)	$2,463
2019-20	119 (41%)	$4,318	252 (87%)	$642	118 (41%)	$3,106	245 (84%)	$2,882
2020-21	142 (41%)	$4,629	190 (55%)	$889	146 (43%)	$3,279	307 (90%)	$3,452
2021-22	133 (32%)	$4,635	289 (70%)	$2,093	123 (30%)	$3,341	342 (83%)	$3,631
Average	150 (38.11%)	$4,312	123 (33.56%)	$783	157 (40.33%)	$2,771	302 (77.78%)	$2,500

^*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, 269 (67.78 % of students) get any students loan help and its average loan amount is $269.

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	333 (75%)	$7,495	331 (74%)	$5,524	85 (19%)	$7,851
2014-15	347 (74%)	$7,503	344 (73%)	$5,614	83 (18%)	$8,099
2015-16	309 (69%)	$7,797	304 (68%)	$5,467	96 (22%)	$7,782
2016-17	309 (64%)	$7,640	303 (63%)	$5,523	89 (19%)	$7,723
2017-18	214 (65%)	$6,985	210 (64%)	$5,288	52 (16%)	$7,391
2018-19	238 (70%)	$7,324	237 (70%)	$5,017	71 (21%)	$7,805
2019-20	193 (66%)	$7,558	187 (64%)	$5,252	57 (20%)	$8,360
2020-21	233 (68%)	$7,049	229 (67%)	$5,124	58 (17%)	$8,087
2021-22	244 (59%)	$7,616	226 (55%)	$5,109	63 (15%)	$11,172
Average	269 (67.78%)	$7,441	263 (66.44%)	$5,324	73 (18.56%)	$8,252

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Scholarships, Grants, and Loan Trends at Southwest Minnesota State

All Undergraduate Students Financial Aid Over Time

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