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

For full-time, first-time beginning students (freshmen), 90.22% of students received grants or scholarships and 68% 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 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.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,848 (29%)$4,655970 (15%)$3,8101,651 (26%)$6,618
2014-151,785 (27%)$4,701866 (13%)$3,8541,554 (23%)$6,525
2015-161,753 (26%)$4,903845 (12%)$3,7211,468 (21%)$6,344
2016-171,730 (25%)$5,027817 (12%)$3,9111,407 (20%)$6,370
2017-181,607 (24%)$5,437792 (12%)$4,0351,309 (19%)$6,347
2018-191,555 (23%)$5,641765 (11%)$4,0751,179 (18%)$6,328
2019-201,639 (25%)$5,503714 (11%)$4,0851,071 (16%)$6,428
2020-211,581 (23%)$6,076698 (10%)$4,1491,019 (15%)$6,244
2021-221,749 (27%)$6,831679 (10%)$4,0821,013 (15%)$6,406
Average1,694 (25.44%)$5,419794 (11.78%)$3,9691,297 (19.22%)$6,401
*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, 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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14405 (91%)$4,408333 (75%)$7,495
2014-15412 (88%)$4,321347 (74%)$7,503
2015-16367 (82%)$4,587309 (69%)$7,797
2016-17384 (80%)$4,843309 (64%)$7,640
2017-18285 (87%)$5,850214 (65%)$6,985
2018-19317 (94%)$5,585238 (70%)$7,324
2019-20289 (99%)$6,049193 (66%)$7,558
2020-21333 (97%)$7,101233 (68%)$7,049
2021-22389 (94%)$7,389244 (59%)$7,616
Average353 (90.22%)$5,570269 (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.

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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14181 (41%)$3,96455 (12%)$551189 (42%)$2,225337 (76%)$1,831
2014-15166 (35%)$4,13358 (12%)$627181 (39%)$2,363350 (75%)$1,801
2015-16161 (36%)$4,12070 (16%)$608172 (39%)$2,543303 (68%)$1,783
2016-17181 (38%)$4,17677 (16%)$542191 (40%)$2,510306 (64%)$1,904
2017-18122 (37%)$4,43252 (16%)$548140 (43%)$2,801256 (78%)$2,757
2018-19142 (42%)$4,40561 (18%)$551156 (46%)$2,768276 (82%)$2,463
2019-20119 (41%)$4,318252 (87%)$642118 (41%)$3,106245 (84%)$2,882
2020-21142 (41%)$4,629190 (55%)$889146 (43%)$3,279307 (90%)$3,452
2021-22133 (32%)$4,635289 (70%)$2,093123 (30%)$3,341342 (83%)$3,631
Average150 (38.11%)$4,312123 (33.56%)$783157 (40.33%)$2,771302 (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.

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.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14333 (75%)$7,495331 (74%)$5,52485 (19%)$7,851
2014-15347 (74%)$7,503344 (73%)$5,61483 (18%)$8,099
2015-16309 (69%)$7,797304 (68%)$5,46796 (22%)$7,782
2016-17309 (64%)$7,640303 (63%)$5,52389 (19%)$7,723
2017-18214 (65%)$6,985210 (64%)$5,28852 (16%)$7,391
2018-19238 (70%)$7,324237 (70%)$5,01771 (21%)$7,805
2019-20193 (66%)$7,558187 (64%)$5,25257 (20%)$8,360
2020-21233 (68%)$7,049229 (67%)$5,12458 (17%)$8,087
2021-22244 (59%)$7,616226 (55%)$5,10963 (15%)$11,172
Average269 (67.78%)$7,441263 (66.44%)$5,32473 (18.56%)$8,252

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