Applying For Financial Aid
Applying For Financial Aid
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Email
financial.aid@usm.edu
Net Price Calculator
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Application Process
Application Deadline
Rolling
Award Notification
On a rolling basis beginning December 15
High School Program
College preparatory program is required
Methodology For Awarding Institutional Aid
Federal Methodology
Forms Required Cost
FAFSA Code is 002441 Free
Profile of 2022-23 Financial Aid
Profile of 2022-23 Financial Aid
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Freshman
Financial Aid Applicants
1,401 (94.0%) of freshmen
Found to Have Financial Need
1,094 (78.1%) of applicants
Received Financial Aid
1,087 (99.4%) of applicants with financial need
Need Fully Met
280 (25.8%) of aid recipients
Average Percent of Need Met
68%
Average Award
$12,550
Need-Based Gift
Received by 769 (70.7%) of aid recipients, average amount $2,776
Need-Based Self-Help
Received by 638 (58.7%) of aid recipients, average amount $1,671
Merit-Based Gift
Received by 776 (71.4%) of aid recipients
256 (17.2%) of freshmen had no financial need and received merit aid, average amount $8,034
All Undergraduates
Financial Aid Applicants
7,528 (88.3%) of undergraduates
Found to Have Financial Need
6,127 (81.4%) of applicants
Received Financial Aid
5,994 (97.8%) of applicants with financial need
Need Fully Met
1,289 (21.5%) of aid recipients
Average Percent of Need Met
67%
Average Award
$12,351
Need-Based Gift
Received by 4,296 (71.7%) of aid recipients, average amount $2,569
Need-Based Self-Help
Received by 3,665 (61.1%) of aid recipients, average amount $2,080
Merit-Based Gift
Received by 4,007 (66.9%) of aid recipients
1,058(12.4%)of undergraduates had no financial need and received merit aid,average amount $7,414
All Undergraduates
2024 Graduates Who Took Out Loans
62%
Average Indebtedness of 2024 Graduates
$23,050
Financial Aid Programs
Financial Aid Programs
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Loans
Federal Loans
Direct Subsidized Stafford Loans
Direct Unsubsidized Stafford Loans
Direct Plus Loans
Scholarships and Grants
Need-Based Available
Federal Pell grants
SEOG
State scholarships
Institutional scholarships
Private scholarships
Non-Need-Based Available
None
Non-Need Awards
Academic Interest/Achievement Award Areas
Not reported
Number of Awards
Not reported
Creative Arts/Performance Award Areas
Applied Art and Design
Dance
Music
Theater/Drama
Number of Awards
Not reported
Special Achievements/Activities Award Areas
Cheerleading/Drum Major
Leadership
Number of Awards
Not reported
Special Characteristics Award Areas
Children and Siblings of Alumni
Children of Faculty/Staff
Ethnic Background
Local/State Students
Out-of-State Students
Veterans
Number of Awards
Not reported
Employment
Work-Study Programs
Federal work study available
Average Earnings from On-Campus Employment
Not reported
Undergraduate and Undergraduate Financial Aid data displayed on CollegeData’s college profiles is from the 2023-24 academic year.
A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2025 Peterson's LLC. All rights reserved.