College Factual  by our College Data Analytics Team
       Unbiased Factual Guarantee

Can You Afford Southern Methodist University?

Concerned about paying for college? Take a look at SMU’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

2020 - 2021 Costs Between $31,462 and $79,050

Feeling a little stressed about paying $79,050 to attend Southern Methodist University each year? This number can be deceiving, and for many, the net price you pay will be less.

While there is no tuition reduction for Texas students, 79.9% of freshmen receive some form of financial aid, with the average amount totaling $34,084. Students from low-income families receive an average of $47,588 in aid during their first year.

Cost (no aid)

Tuition and fees$58,540
+ Room and board$17,110
+ Other expenses$3,400
Total cost$79,050
Affordability Score (0 out of 100)
more expensive
less expensive

Net Price (with average aid)

Total cost$79,050
- Grants and scholarships$34,084
Net price$44,966
Affordability Score (2 out of 100)
more expensive
less expensive

Average Net Price for Low Income Undergraduates

Total cost$79,050
- Grants and scholarships$47,588
Net price$31,462
Affordability Score (10 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at SMU.

Projected Costs Between $160,413 and $494,756 For a Four Year Degree. Between $74,721 and $238,609 For a Two Year Degree.

Looking at the total projected cost of a college education over the course of two / four (or more) years can feel a little overwhelming. However, doing so will help better prepare you for the financial commitment you are making.

The overall cost for on-campus students to attend SMU in 2020 - 2021 was $79,050. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 3.6% each year. If this trend continues, we expect the full cost for incoming freshmen to be $84,860 during their first year. By their senior year, that cost will be approximately $94,387 for a bachelor degree candidate ($87,924 for an associate degree candidate) for a total of $358,269 over the course of four years ($172,784 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Southern Methodist University

Cost With Interest

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*5.5%3.6%
Freshman year$36,081$50,039$84,860
Senior year$38,640$52,786$87,924
Total 2-year net price$74,721$102,825$172,784
10-year loan interest @ 6.8%$28,466$39,172$65,824
Total monthly payment$860$1,183$1,988
Total amount paid$103,187$141,997$238,609
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*5.5%3.6%
Freshman year$36,081$50,039$84,860
Senior year$44,313$58,741$94,387
Total 4-year net price$160,413$217,250$358,269
10-year loan interest @ 6.8%$61,112$82,764$136,487
Total monthly payment$1,846$2,500$4,123
Total amount paid$221,525$300,014$494,756

Visit net price and financial aid to learn more about the total cost of attending Southern Methodist University.

Further Questions to Consider

Continue Your Research on SMU

Popular Reports

College Rankings
Best by Location
Degree Guides by Major
Graduate Programs

Compare Your School Options