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Sunday 11.22.2009

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Southern Methodist University

Southern Methodist University
PO Box 750181
Dallas, TX 75275-0181

Official telephone: (214) 768-2000
Website: www.smu.edu
Screen last updated on: January 2009

The financial aid information below is valid for the 2007 academic year.

FINANCIAL AID OFFICE
Financial aid officer: L. Marc Peterson,
Director of Financial Aid
Contacting the office: 214 768-2058
800 323-0672 (toll free)
214 768-0202 (fax)
ugadmission@smu.edu
FAFSA number: 003613

EXPENSES
Undergraduate tuition: $29,430; $29,430 out-of-state
Additional required fees: $3,740
Book fees: $800
Miscellaneous expenses: $1,600
Other expenses: transportation/personal expenses
Combined room and board expenses: $11,805

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAFebruary 15noN/A
CSS/Financial Aid PROFILEN/AnoN/A
Noncustodial (Divorced/Separated) Parent's StatementN/AnoN/A
Business/Farm SupplementN/AnoN/A

Date award notification begins: March 15
Applied for financial aid:
45% of first-year students
41% of full-time undergraduates
36% of part-time undergraduates
Determined to have financial need:
70% of first-year students
82% of full-time undergraduates
80% of part-time undergraduates
Students determined to have financial need who received any financial aid:
100% of first-year students
100% of full-time undergraduates
91% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
79% of first-year students
83% of full-time undergraduates
58% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
86% of first-year students
90% of full-time undergraduates
88% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
78% of first-year students
59% of full-time undergraduates
23% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
44% of first-year students
37% of full-time undergraduates
38% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
90% for first-year students
88% for full-time undergraduates
73% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$27,655 for first-year students
$26,276 for full-time undergraduates
$11,770 for part-time undergraduates
Average need-based gift award:
$16,282 for first-year students
$15,769 for full-time undergraduates
$5,630 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$4,655 for first-year students
$5,573 for full-time undergraduates
$3,898 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$2,609 for first-year students
$3,439 for full-time undergraduates
$2,928 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
44% of first-year students
35% of full-time undergraduates
8% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$11,140 for first-year students
$11,725 for full-time undergraduates
$7,954 for part-time undergraduates
Students who received a non-need-based athletic award:
5% of first-year students
5% of full-time undergraduates
3% of part-time undergraduates
Average non-need-based athletic award:
$37,404 for first-year students
$33,629 for full-time undergraduates
$15,531 for part-time undergraduates
School participates in Federal Work-Study Program: yes

TYPES OF AID AVAILABLE
Types of loans available:
  • FFEL Subsidized Stafford Loans
  • FFEL Unsubsidized Stafford Loans
  • FFEL PLUS Loans
  • Federal Perkins Loans
  • State Loans
  • College/University Loans
Parent loans packaged to meet need: 0
Percent of undergraduates who have borrowed through all loan programs: 33%
Average student debt upon graduation: $16,756
Types of payment plans:
  • Academic Management Services (AMS)
  • school's own payment plan(s)
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • academic merit scholarships/grants
  • creative arts/performance
  • athletic scholarships
Percent of scholarship aid awarded to out-of-state students: 0%