Over the past 10 years (2013-2022), 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.

For full-time, first-time beginning students (freshmen), 74.00% of students received grants or scholarships and 25% 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 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.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-144,396 (69%)$26,0841,015 (16%)$4,1471,988 (31%)$6,994
2014-154,399 (69%)$26,531969 (15%)$4,2041,821 (28%)$6,984
2015-164,270 (67%)$28,119825 (13%)$4,3451,634 (25%)$6,634
2016-174,432 (68%)$30,085827 (13%)$4,3281,578 (24%)$6,635
2017-184,487 (70%)$31,071805 (12%)$4,4101,529 (24%)$6,504
2018-194,723 (73%)$33,273741 (11%)$4,5011,430 (22%)$6,269
2019-204,793 (71%)$34,874720 (11%)$4,6671,387 (21%)$6,371
2020-214,943 (72%)$35,000760 (11%)$4,7461,503 (22%)$6,335
2021-224,987 (72%)$35,270800 (12%)$4,9441,501 (22%)$6,297
Average4,603 (70.11%)$31,145829 (12.67%)$4,4771,597 (24.33%)$6,558
*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, 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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,029 (72%)$26,922449 (31%)$8,988
2014-151,016 (70%)$27,113360 (25%)$10,785
2015-16969 (71%)$29,539332 (24%)$8,606
2016-171,164 (77%)$33,203399 (26%)$10,162
2017-181,052 (74%)$33,548352 (25%)$9,927
2018-191,220 (80%)$34,084334 (22%)$11,950
2019-201,159 (75%)$34,890354 (23%)$11,378
2020-211,136 (74%)$34,940396 (26%)$10,532
2021-221,152 (73%)$35,344405 (26%)$12,369
Average1,100 (74.00%)$32,176376 (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.

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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14171 (12%)$4,18748 (3%)$1,958171 (12%)$3,6201,027 (72%)$25,583
2014-15150 (10%)$4,51779 (5%)$1,983156 (11%)$3,7071,007 (69%)$25,953
2015-16120 (9%)$4,43155 (4%)$2,309118 (9%)$3,773966 (71%)$28,488
2016-17155 (10%)$4,616107 (7%)$2,593179 (12%)$3,8921,159 (76%)$31,888
2017-18121 (9%)$4,93258 (4%)$3,329114 (8%)$3,9101,045 (74%)$32,591
2018-19132 (9%)$4,80457 (4%)$1,986138 (9%)$3,8051,214 (80%)$33,204
2019-20139 (9%)$4,60069 (4%)$2,463154 (10%)$3,5051,154 (75%)$33,872
2020-21139 (9%)$4,66062 (4%)$2,000156 (10%)$3,7381,126 (74%)$34,047
2021-22173 (11%)$4,93282 (5%)$2,257174 (11%)$3,9581,146 (73%)$34,022
Average144 (9.78%)$4,63169 (4.44%)$2,320151 (10.22%)$3,7681,094 (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.

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.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14449 (31%)$8,988431 (30%)$5,53393 (7%)$17,747
2014-15360 (25%)$10,785342 (24%)$5,81989 (6%)$21,267
2015-16332 (24%)$8,606322 (24%)$5,60748 (4%)$21,914
2016-17399 (26%)$10,162384 (25%)$5,51781 (5%)$23,905
2017-18352 (25%)$9,927342 (24%)$5,67655 (4%)$28,235
2018-19334 (22%)$11,950316 (21%)$5,27584 (6%)$27,671
2019-20354 (23%)$11,378336 (22%)$5,26277 (5%)$29,351
2020-21396 (26%)$10,532380 (25%)$5,24175 (5%)$29,055
2021-22405 (26%)$12,369383 (24%)$5,16694 (6%)$32,243
Average376 (25.33%)$10,522360 (24.33%)$5,45577 (5.33%)$25,710

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