by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
Uncover the various financial aid options provided by Southwest Minnesota State University and determine which ones you may be eligible for by continuing your exploration.
$6,202.00 is the typical Southwest Minnesota State University’s first year financial aid package. Financial aid is provided to about 99% of first-year students, with the bulk of support coming in the form of loans.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Southwest Minnesota State University.
As well as scholarships, 91% of freshmen (264 total) received a federal grant, for about $2,559.00 a person.
The stats and the chart following pertain to primarily grants from federal sources, plus some local and state grants.
91% of freshman students at Southwest Minnesota State University (264 total) got a federal grant, averaging $2,559.00.
Amount of Financial Assistance Per Income Level
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 9.28% | $9,903.00 |
| Income 30k-48k | 9.28% | $9,536.00 |
| Income 48k-75k | 12.37% | $8,325.00 |
| Income 75k-110k | 10.31% | $3,799.00 |
| Income 110k + | 9.62% | $2,326.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
99% of the 291 undergraduates at Southwest Minnesota State University receive some sort of grant aid. This is a total of about 289 students getting an average of $6,202.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.