Financial Aid at Southwest Minnesota State

Average Amount Received% Received Financial Aid
$6,831 27%
1,749 students (27% of total 6,546 undergraduate students) have awarded federal, state, local, institutional or other sources of grant aid at Southwest Minnesota State University.
The average amount of the aid awarded is $6,831. For the first-time, full-time beginning students (freshmen), 95% of total 414 enrolled students have received any kind of financial aid and its average amount of aid received is $7,389.
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All Undergraduate Financial Aid

At Southwest Minnesota State University, 1,749 undergraduate students (27% of total 6,546 students) have received financial aid including grants, scholarships, and/or federal student loans.The average amount of aid received is $6,831.
Financial Aid Statistics (All Undergraduate Students)
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Grant or Scholarship1,74927% $11,947,235$6,831
Pell Grants67910% $2,771,841$4,082
Federal Student Loan1,01315% $6,489,179$6,406

Beginning Undergraduate Students (Freshmen) Financial Aid

395 beginning undergraduate students (95% of total 414 enrolled freshmen) have received financial aid including grants, scholarships, and/or federal student loans at Southwest Minnesota State University. The average amount of aid received is $7,389.
Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students)
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid39595% --
Grants or Scholarships38994%$2,874,270$7,389
Federal Grants29070%$1,221,426$4,212
Pell Grants13332%$616,521$4,635
Other Federal Grants28970%$604,905$2,093
State/Local Grants12330%$410,954$3,341
Institutional Grants34283%$1,241,890$3,631
Student Loan Aid24459%$1,858,398$7,616
Federal Student Loans22655%$1,154,539$5,109
Other Student Loans6315%$703,859$11,172

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

The next table shows the number of students awarded and the average grants/scholarship aid amount by income level for the academic year 2021-2022 at Southwest Minnesota State University.
The sources of grants and scholarship aid are the federal government, state/local government, or the institution. For the statistics, only students who paid the in-state or in-district tuition rate are considered.
Grants of Scholarship Aid Statistics By Income Level
Income LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level169162$1,160,922$6,869
0-30,0002020$244,515$12,226
30,001-48,0002524$256,059$10,242
48,001-75,0003535$317,550$9,073
75,001-110,0003534$189,274$5,408
110,001 or more5449$153,524$2,843
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