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 or about 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 2019-20 Financial Aid
Profile of 2019-20 Financial Aid
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Freshman
Financial Aid Applicants
1,519 (96.4%) of freshmen
Found to Have Financial Need
1,207 (79.5%) of applicants
Received Financial Aid
1,194 (98.9%) of applicants with financial need
Need Fully Met
326 (27.3%) of aid recipients
Average Percent of Need Met
69%
Average Award
$11,996
Need-Based Gift
Received by 808 (67.7%) of aid recipients, average amount $7,266
Need-Based Self-Help
Received by 701 (58.7%) of aid recipients, average amount $3,045
Merit-Based Gift
Received by 1,071 (89.7%) of aid recipients
253 (16.1%) of freshmen had no financial need and received merit aid, average amount $6,960
All Undergraduates
Financial Aid Applicants
8,481 (88.8%) of undergraduates
Found to Have Financial Need
6,976 (82.3%) of applicants
Received Financial Aid
6,834 (98.0%) of applicants with financial need
Need Fully Met
1,445 (21.1%) of aid recipients
Average Percent of Need Met
67%
Average Award
$11,164
Need-Based Gift
Received by 4,691 (68.6%) of aid recipients, average amount $6,464
Need-Based Self-Help
Received by 4,239 (62.0%) of aid recipients, average amount $4,052
Merit-Based Gift
Received by 6,169 (90.3%) of aid recipients
1,088 (11.4%) of undergraduates had no financial need and received merit aid, average amount $6,705
All Undergraduates
2018 Graduates Who Took Out Loans
66%
Average Indebtedness of 2018 Graduates
$24,915
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 2021-22 academic year.
A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2022 Peterson's LLC. All rights reserved.