by our College Data Analytics TeamThe majority of students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Spartanburg Methodist College can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financing solutions does SMC provide, and just what are you going to be eligible for? Keep scrolling for answers. Keep scrolling to find out just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. The information provided on this page can help you determine how much aid you may receive from Spartanburg Methodist College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Spartanburg Methodist College, 100% of first-year full-time students received aid of some kind around 437 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $17,334 |
| Institutional grants & scholarships | 90% | $7,311 |
| Federal Pell grants | 65% | $5,851 |
| State/local grants | 89% | $7,694 |
| Federal student loans | 47% | $4,663 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At this school, roughly 96% of undergraduates were awarded grant or scholarship aid averaging $15,943 (across roughly 1006 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 96% | $15,943 |
| Federal Pell grants | 61% | $5,809 |
| Federal student loans | 46% | $5,182 |
Title-IV recipients living on campus saw average grant aid of $17,603.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,864 |
| $30,001 – $75,000 | $15,870 |
| Over $75,000 | $17,976 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $14,580 |
| Off-campus title-IV students | $16,295 |
To project your own net price, use SMC’s net price calculator: www.smcsc.edu/resources/net-price-calc-2/.
The median federal debt load at SMC comes to $7,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,500 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at SMC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $12,600 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,250 |
| Middle income | $6,329 |
| High income | $7,560 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,979 |
| Continuing-generation students | $8,761 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,407 |
| Independent students | $9,488 |
These indicators are derived from the underlying debt data and summarize the overall picture at SMC.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at SMC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 5970 |
| Total Stafford loan amount | $50,394,151 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 7 |
| Total GI Bill amount | $74,884 |
| Average GI Bill amount per recipient | $10,698 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 6 |
| Total DoD amount | $11,000 |
| Average DoD amount per recipient | $1,833 |
References
More about our data sources and methodologies.