Types of Aid

SMU Funded Financial Aid Programs

Required Actions Description
SMU Academic Aid
  • Not need-based
  • Determined during the admission application process
  • Departmental scholarship opportunities exist to new and continuing students.
  • May be received for up to 5 semesters for transfer students and up to 8 semesters for first year students, or graduation, whichever comes first.
  • Student must maintain required GPA for merit aid renewal.
SMU Need Based Aid (i.e. SMU Opportunity Award, SMU Need-Based Grant) FAFSA and CSS/Financial Aid PROFILE required
  • Need-based
  • Amount varies from year to year
  • Must be enrolled in at least 12 hours each term
  • May be received for up to 5 semesters for transfer students and up to 8 semesters for first year students, or graduation, whichever comes first.
SMU Family Assistance Loan