by our College Data Analytics TeamMost students are not billed the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Southwest Mississippi Community College can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financing solutions does SMCC deliver, and just what are you going to be eligible for? Keep scrolling for answers. Read on to discover what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Continue reading to find information to help you understand just how much assistance you can expect to receive from Southwest Mississippi Community College.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Southwest Mississippi Community College, 95% of first-time, full-time freshmen received some form of financial aid some 445 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $7,748 |
| Institutional grants & scholarships | 57% | $3,602 |
| Federal Pell grants | 66% | $7,339 |
| State/local grants | 27% | $738 |
| Federal student loans | 0% | — |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, approximately 82% of undergraduates were awarded grant or scholarship aid averaging $6,931 (among about 1440 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 82% | $6,931 |
| Federal Pell grants | 56% | $7,214 |
| Federal student loans | 0% | — |
For on-campus title-IV students, average grant aid came to $9,119.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $2,717 |
| $30,001 – $75,000 | $3,944 |
| Over $75,000 | $4,748 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $2,525 |
| Off-campus title-IV students | $3,057 |
To get a personalized net price estimate, try SMCC’s net price tool: smcc.edu/financial-aid/net-price-calculator/.
The figure below distills the debt data into a single burden category for SMCC.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at SMCC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 67 |
| Total Stafford loan amount | $385,799 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 19 |
| Total GI Bill amount | $64,809 |
| Average GI Bill amount per recipient | $3,411 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $5,750 |
| Average DoD amount per recipient | $1,917 |
References
More about our data sources and methodologies.