Financial Aid at SD Mines

[Last update: December 11, 2025]

1,408 students (65% of total 2,170 undergraduate students) have awarded federal, state, local, institutional or other sources of grant aid at South Dakota School of Mines and Technology (SD Mines). The average amount of the aid awarded is $6,819.

For the first-time, full-time beginning students (freshmen), 93% of total 484 enrolled students have received any kind of financial aid and its average amount of aid received is $5,334.

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All Undergraduate Financial Aid

At South Dakota School of Mines and Technology, 1,408 undergraduate students (65% of total 2,170 students) have received financial aid including grants, scholarships, and/or federal student loans. The average amount of aid received is $6,819.

Financial Aid Statistics (All Undergraduate Students) - SD Mines
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Grant or Scholarship1,40865% $9,600,563$6,819
Pell Grants36617% $1,941,345$5,304
Federal Student Loan87640% $5,349,189$6,106

Beginning Undergraduate Students (Freshmen) Financial Aid

448 beginning undergraduate students (93% of total 484 enrolled freshmen) have received financial aid including grants, scholarships, and/or federal student loans at South Dakota School of Mines and Technology. The average amount of aid received is $5,334.

Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students) - SD Mines
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid44893% --
Grants or Scholarships40584%$2,160,425$5,334
Federal Grants11123%$607,759$5,475
Pell Grants10021%$489,910$4,899
Other Federal Grants449%$117,849$2,678
State/Local Grants10622%$155,500$1,467
Institutional Grants36275%$1,397,166$3,860
Student Loan Aid24851%$1,953,892$7,879
Federal Student Loans23849%$1,186,865$4,987
Other Student Loans6513%$767,027$11,800

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

The following table shows the number of students awarded and the average grants / scholarship aid amount by income level for the academic year 2023-2024 at South Dakota School of Mines and Technology.

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 level245203$1,098,754$4,485
0-30,0003434$319,047$9,384
30,001-48,0001515$113,023$7,535
48,001-75,0004940$236,369$4,824
75,001-110,0005241$175,185$3,369
110,001 or more9573$255,130$2,686

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