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 2021-22 Financial Aid
Profile of 2021-22 Financial Aid
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Freshman
Financial Aid Applicants
1,411 (94.8%) of freshmen
Found to Have Financial Need
1,150 (81.5%) of applicants
Received Financial Aid
1,148 (99.8%) of applicants with financial need
Need Fully Met
293 (25.5%) of aid recipients
Average Percent of Need Met
72%
Average Award
$12,273
Need-Based Gift
Received by 814 (70.9%) of aid recipients, average amount $7,676
Need-Based Self-Help
Received by 664 (57.8%) of aid recipients, average amount $3,039
Merit-Based Gift
Received by 857 (74.7%) of aid recipients
209 (14.0%) of freshmen had no financial need and received merit aid, average amount $7,234
All Undergraduates
Financial Aid Applicants
7,909 (88.7%) of undergraduates
Found to Have Financial Need
6,448 (81.5%) of applicants
Received Financial Aid
6,390 (99.1%) of applicants with financial need
Need Fully Met
1,292 (20.2%) of aid recipients
Average Percent of Need Met
72%
Average Award
$11,765
Need-Based Gift
Received by 4,478 (70.1%) of aid recipients, average amount $6,887
Need-Based Self-Help
Received by 3,918 (61.3%) of aid recipients, average amount $4,166
Merit-Based Gift
Received by 4,189 (65.6%) of aid recipients
1,056 (11.8%) of undergraduates had no financial need and received merit aid, average amount $6,842
All Undergraduates
2018 Graduates Who Took Out Loans
65%
Average Indebtedness of 2018 Graduates
$23,640
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 2022-23 academic year.
A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2023 Peterson's LLC. All rights reserved.