Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,485, which is 63.44 % of all undergraduate students. 1,196 students which is 50.33% of undergraduate students received federal student loans and the average loan amount is $6,534.

For full-time, first-time beginning students (freshmen), 80.11% of students received grants or scholarships and 58% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at South Dakota School of Mines and Technology since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,485, which is 63.44 % of all undergraduate students. 1,196 students which is 50.33% of undergraduate students received federal student loans and the average loan amount is $6,534.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,461 (63%)$4,743597 (26%)$3,9721,285 (55%)$6,870
2014-151,567 (63%)$4,915656 (27%)$4,0741,416 (57%)$6,857
2015-161,500 (52%)$5,260608 (21%)$4,0091,356 (47%)$6,695
2016-171,449 (60%)$5,363537 (22%)$4,0381,301 (53%)$6,716
2017-181,415 (58%)$5,593522 (22%)$4,0761,263 (52%)$6,655
2018-191,399 (61%)$5,682465 (20%)$4,2391,151 (50%)$6,374
2019-201,569 (71%)$6,030444 (20%)$4,2051,082 (49%)$6,405
2020-211,450 (68%)$6,168372 (17%)$4,4021,006 (47%)$6,066
2021-221,553 (75%)$6,336339 (16%)$4,544904 (43%)$6,165
Average1,485 (63.44%)$5,566504 (21.22%)$4,1731,196 (50.33%)$6,534
*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.

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

For the last 10 years, on average, 394 (80.11 % of students) received grants or scholarships and its average amount is $4,646. It can cover 31.39% of tuition & fees ($14,800) based on out-of-state rate.

In addition, 290 (58.44 % of students) students get helped from the students loans (average amount : $7,455).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14406 (74%)$3,508338 (62%)$7,297
2014-15406 (68%)$3,999379 (63%)$6,866
2015-16382 (76%)$3,761290 (58%)$7,436
2016-17402 (82%)$4,230292 (59%)$7,838
2017-18377 (82%)$4,423285 (62%)$6,770
2018-19355 (78%)$4,827265 (58%)$7,362
2019-20410 (88%)$5,743257 (55%)$8,038
2020-21369 (83%)$5,895239 (54%)$7,636
2021-22436 (90%)$5,431264 (55%)$7,854
Average394 (80.11%)$4,646290 (58.44%)$7,455
*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, 106 (21.22 % of students) received Pell (federal) grants and its average amount is $4,126.

In addition, 122 students received State/local government grants/scholarships (24.67 % 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
2013-14143 (26%)$3,72141 (8%)$2,593109 (20%)$1,045327 (60%)$2,055
2014-15165 (28%)$3,81545 (8%)$2,183136 (23%)$997361 (60%)$2,106
2015-1698 (20%)$3,74529 (6%)$1,494117 (23%)$1,303335 (67%)$2,609
2016-1797 (20%)$4,09533 (7%)$1,377145 (29%)$1,251370 (75%)$2,909
2017-18100 (22%)$3,97744 (10%)$1,872143 (31%)$1,247325 (71%)$3,104
2018-1990 (20%)$4,17840 (9%)$2,075121 (26%)$1,275302 (66%)$3,644
2019-2094 (20%)$4,302133 (28%)$1,823122 (26%)$1,207366 (78%)$4,264
2020-2184 (19%)$4,732114 (26%)$1,537107 (24%)$1,292340 (77%)$4,307
2021-2279 (16%)$4,566238 (49%)$1,92798 (20%)$1,281365 (75%)$3,898
Average106 (21.22%)$4,12680 (16.78%)$1,876122 (24.67%)$1,211343 (69.89%)$3,211
*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, 290 (58.44 % of students) get any students loan help and its average loan amount is $290.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14338 (62%)$7,297325 (60%)$5,82461 (11%)$9,406
2014-15379 (63%)$6,866375 (63%)$5,88651 (9%)$7,751
2015-16290 (58%)$7,436276 (55%)$5,50558 (12%)$10,984
2016-17292 (59%)$7,838282 (57%)$5,31466 (13%)$11,970
2017-18285 (62%)$6,770281 (61%)$5,34339 (8%)$10,973
2018-19265 (58%)$7,362255 (56%)$5,07657 (12%)$11,515
2019-20257 (55%)$8,038251 (54%)$5,06967 (14%)$11,844
2020-21239 (54%)$7,636230 (52%)$4,90756 (13%)$12,435
2021-22264 (55%)$7,854259 (54%)$5,08361 (13%)$12,411
Average290 (58.44%)$7,455282 (56.89%)$5,33457 (11.67%)$11,032

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