Scholarships, Grants, and Loan Trends at USD

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 4,148, which is 55.78 % of all undergraduate students. 3,833 students which is 51.56% of undergraduate students received federal student loans and the average loan amount is $6,522.
For full-time, first-time beginning students (freshmen), 79.11% of students received grants or scholarships and 66% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at University of South Dakota since 2013.
For that period, the average number of students who received grants aid/scholarships is 4,148, which is 55.78 % of all undergraduate students. 3,833 students which is 51.56% of undergraduate students received federal student loans and the average loan amount is $6,522.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-144,057 (53%)$4,4122,099 (27%)$3,8134,368 (57%)$6,730
2014-154,094 (54%)$4,4931,982 (26%)$3,9364,277 (57%)$6,620
2015-164,190 (56%)$4,8871,808 (24%)$4,0294,034 (54%)$6,654
2016-174,126 (55%)$5,1151,738 (23%)$4,0393,949 (53%)$6,583
2017-184,075 (53%)$5,3021,737 (23%)$4,2123,947 (52%)$6,533
2018-194,156 (55%)$5,4941,808 (24%)$4,3703,941 (52%)$6,393
2019-204,465 (60%)$5,4951,740 (23%)$4,2293,669 (49%)$6,490
2020-214,212 (59%)$5,6771,445 (20%)$4,4383,322 (47%)$6,300
2021-223,953 (57%)$6,8501,349 (19%)$4,5792,992 (43%)$6,391
Average4,148 (55.78%)$5,3031,745 (23.22%)$4,1833,833 (51.56%)$6,522

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

For the last 10 years, on average, 951 (79.11 % of students) received grants or scholarships and its average amount is $5,069. It can cover 39.17% of tuition & fees ($12,942) based on out-of-state rate.
In addition, 794 (66.22 % of students) students get helped from the students loans (average amount : $7,248).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14960 (78%)$4,454836 (68%)$7,030
2014-15911 (79%)$4,498790 (69%)$7,103
2015-16956 (80%)$4,817807 (67%)$7,068
2016-17911 (78%)$5,145812 (70%)$6,884
2017-18940 (78%)$4,852841 (70%)$7,283
2018-19985 (76%)$5,208880 (68%)$7,720
2019-20993 (80%)$5,145784 (64%)$7,533
2020-21975 (84%)$5,196698 (60%)$7,275
2021-22925 (79%)$6,308698 (60%)$7,340
Average951 (79.11%)$5,069794 (66.22%)$7,248
*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.
The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 328 (27.44 % of students) received Pell (federal) grants and its average amount is $4,203.
In addition, 258 students received State/local government grants/scholarships (21.56 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14362 (30%)$3,908206 (17%)$1,453267 (22%)$1,000777 (63%)$2,953
2014-15317 (28%)$3,900173 (15%)$1,228259 (23%)$1,053785 (68%)$3,027
2015-16340 (28%)$4,055219 (18%)$1,350261 (22%)$1,267798 (67%)$3,258
2016-17327 (28%)$4,001198 (17%)$1,179266 (23%)$1,348773 (67%)$3,605
2017-18333 (28%)$4,124189 (16%)$1,144276 (23%)$1,335760 (63%)$3,425
2018-19368 (28%)$4,394214 (16%)$1,040292 (23%)$1,322813 (63%)$3,572
2019-20355 (29%)$4,351456 (37%)$1,105237 (19%)$1,342737 (60%)$3,722
2020-21274 (24%)$4,450274 (24%)$2,251260 (22%)$1,396879 (76%)$3,262
2021-22277 (24%)$4,642426 (37%)$3,296200 (17%)$1,298781 (67%)$3,694
Average328 (27.44%)$4,203262 (21.89%)$1,561258 (21.56%)$1,262789 (66.00%)$3,391
*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..
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, 794 (66.22 % of students) get any students loan help and its average loan amount is $794.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14836 (68%)$7,030831 (68%)$5,905124 (10%)$7,824
2014-15790 (69%)$7,103787 (69%)$5,786126 (11%)$8,394
2015-16807 (67%)$7,068800 (67%)$5,706133 (11%)$8,564
2016-17812 (70%)$6,884808 (70%)$5,629116 (10%)$8,983
2017-18841 (70%)$7,283836 (69%)$5,595156 (13%)$9,282
2018-19880 (68%)$7,720867 (67%)$5,420213 (16%)$9,833
2019-20784 (64%)$7,533775 (63%)$5,341177 (14%)$9,981
2020-21698 (60%)$7,275689 (60%)$5,102158 (14%)$9,890
2021-22698 (60%)$7,340687 (59%)$5,217145 (12%)$10,612
Average794 (66.22%)$7,248787 (65.78%)$5,522150 (12.33%)$9,263
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