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National Application Center :: campus tours :: Southern Methodist University costs & financial aid

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Southern Methodist University

Southern Methodist University
P.O. Box 750181
Dallas, TX 75275-0181

Official telephone: (214) 768-2000
Website: www.smu.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2015 academic year.

FINANCIAL AID OFFICE
Financial aid officer: L. Marc Peterson,
Director of Financial Aid
Contacting the office: 214 768-3417
800 323-0672 (toll free)
214 768-3878 (fax)
ugadmission@smu.edu
FAFSA number: 003613
CSS/PROFILE number: 6660

EXPENSES
Undergraduate tuition: $44,694; $44,694 out-of-state
Additional required fees: $5,664
Book fees: $800
Miscellaneous expenses: $2,800
Other expenses: Transportation and personal.
Combined room and board expenses: $16,125

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAFebruary 15noN/A
CSS/Financial Aid PROFILEFebruary 15noN/A
Noncustodial (Divorced/Separated) Parent's StatementFebruary 15noN/A

Date award notification begins: April 1
Applied for financial aid:
49% of first-year students
40% of full-time undergraduates
26% of part-time undergraduates
Determined to have financial need:
65% of first-year students
81% of full-time undergraduates
90% of part-time undergraduates
Students determined to have financial need who received any financial aid:
99% of first-year students
98% of full-time undergraduates
84% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
65% of first-year students
75% of full-time undergraduates
62% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
73% of first-year students
80% of full-time undergraduates
68% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
75% of first-year students
65% of full-time undergraduates
16% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
39% of first-year students
28% of full-time undergraduates
19% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
88% for first-year students
84% for full-time undergraduates
62% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$41,801 for first-year students
$39,585 for full-time undergraduates
$19,614 for part-time undergraduates
Average need-based gift award:
$20,909 for first-year students
$20,746 for full-time undergraduates
$9,730 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$6,672 for first-year students
$7,579 for full-time undergraduates
$5,817 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,358 for first-year students
$4,357 for full-time undergraduates
$3,726 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
40% of first-year students
35% of full-time undergraduates
6% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$21,192 for first-year students
$21,757 for full-time undergraduates
$11,655 for part-time undergraduates
Students who received a non-need-based athletic award:
5% of first-year students
5% of full-time undergraduates
7% of part-time undergraduates
Average non-need-based athletic award:
$50,753 for first-year students
$51,957 for full-time undergraduates
$27,054 for part-time undergraduates
School participates in Federal Work-Study Program: yes

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • FFEL Subsidized Stafford Loans
  • FFEL Unsubsidized Stafford Loans
  • FFEL PLUS Loans
  • Federal Perkins Loans
  • State Loans
  • College/University Loans
Percent of undergraduates who have borrowed through all loan programs: 38%
Average student debt upon graduation: $30,826
Types of payment plans:
  • Academic Management Services (AMS)
  • school's own payment plan(s)
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • academic merit scholarships/grants
  • creative arts/performance
  • special achievements/activities
  • athletic scholarships
  • ROTC scholarships
  • Religious affiliation, leadership, art/music/drama scholarships/grants.

Data is copyrighted material under license to Peterson's, LLC. Material may contain updates provided solely by the institution to which the updated Data relates. These updates are not independently validated, and no party associated with this website can accept responsibility for their accuracy. Copyright © 2021 by Peterson's, LLC. All rights reserved.