Financial Aid

Smart Start. Smart Value.

Paying for College at SMU

SMU is an investment that will last you a lifetime. At SMU you’ll have unique opportunities to prepare for life beyond college.

Innovative approaches to learning, engaged learning beyond the classroom, academic flexibility and the University’s intimate setting in the heart of one of the nation’s leading metropolitan areas add up to a solid educational investment in your future. 

We’re proud to note that Kiplinger named SMU among its best values in private colleges. At SMU, four out of five first-year students receive scholarships and/or need-based aid.

The average amount of an undergraduate’s scholarship and need-based financial package is $26,700. More than $88 million in scholarships and grants were awarded by SMU last year. Our goal is to reward your academic achievement and consider your family’s financial circumstances as we work with you to support your educational goals. 

After you’ve been awarded any merit-based scholarships, your SMU financial aid advisor will review your Free Application for Federal Student Aid (FAFSA) and College Scholarship Service (CSS) PROFILE.® All students must complete the Free Application for Federal Student Aid (FAFSA) each year to determine their eligibility for federal and state financial aid (found at Undergraduate students who also want to be considered for university need-based aid must complete the CSS/Financial Aid PROFILE® found at There is a $25 cost for completing the CSS/PROFILE®.

Once the FAFSA and CSS/Profile have been submitted, your financial aid advisor will put together a package of federal, state and SMU-funded awards, including grants, loans and work-study options, to meet your specific situation.