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.
What amount of SMC financial assistance will actually be available to you?Get answers to your questions here.
$6,045.00 is the typical Southwestern Michigan College’s first year financial aid package. About 92% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Southwestern Michigan College you may end up taking on.
As well as scholarships, 62% of freshmen (297 total) obtained a federal grant, for about $5,048.00 a piece.
The following scholarships and grants are made up of mainly federally provided grants, plus some state and local grants.
62% of first years at Southwestern Michigan College (297 total) were awarded a federal grant, averaging $5,048.00.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 31.03% | $7,878.00 |
| Income 30k-48k | 11.32% | $7,179.00 |
| Income 48k-75k | 9.01% | $5,012.00 |
| Income 75k-110k | 3.98% | $1,795.00 |
| Income 110k + | 1.47% | $1,141.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
92% of the 477 undergraduates at Southwestern Michigan College receive some sort of grant aid. This is a total of about 412 students getting an average of $6,045.00 per person.The largest share of which are in the guise of Pell Grants.
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.