Financial Aid and Tuition Questions

We do not have corporate financial support for tuition, but industry has helped design many of the courses and degrees that are being offered.

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 www.fafsa.ed.gov).  Undergraduate students who also want to be considered for university need-based aid must complete the CSS/Financial Aid PROFILE® found at https://profileonline.collegeboard.com

The FAFSA school code is 003613; the CSS/PROFILE® code is 6660.

Although some students may not qualify for need-based aid in the form of grants, most students qualify to receive non-need based federal loans.

Yes, all students must re-apply by renewing their FAFSA each year.  
Undergraduate students must also renew their CSS/PROFILE® application each year in order to be considered for university need-based aid.

The priority deadline for first-year undergraduate students is February 15th each year.  SMU has a priority deadline of May 1st for continuing undergraduate students so that financial aid advisors can award as much aid as possible after spring grades post in May.   An undergraduate student who applies after the priority deadline may not receive primary consideration since certain financial aid funds can be limited.  Graduate and professional students may file any time during the academic year; there is no priority deadline.  However, SMU recommends filing the FAFSA no later than May 1st in order to secure funding before the start of the term.

Although graduate students are not eligible for federal grants like the Pell grant, they may be eligible to receive the state Tuition Equalization Grant (TEG).

This Parent PLUS estimate usually represents the maximum amount of funds your parent may borrow in one academic year to help pay university costs. The Financial Aid Office should be contacted to confirm the amount of a PLUS Loan.

After you accept this at ACCESS.SMU, you will receive an email with detailed instructions for your parent. A parent must then apply for the loan through the Department of Education at studentloans.gov in order to seek credit approval. The Department of Education and SMU will facilitate the process of obtaining the funds after all requirements have been met. More information regarding PLUS loans may be found at PLUS Loan Information.

If this is the first time you have borrowed a Federal Direct Stafford loan at SMU, you will receive detailed instructions on completing the two-step process at studentloans.gov. This process includes Entrance Counseling and completion of the Master Promissory Note (MPN). Both steps must be completed before the loan will disburse to the student’s SMU tuition account.

If this is the first time you have borrowed a Federal Direct Stafford loan at SMU, you will receive detailed instructions on completing the two-step process at studentloans.gov. This process includes Entrance Counseling and completion of the Master Promissory Note (MPN). Both steps must be completed before the loan will disburse to the student’s SMU tuition account.

Like numerous institutions across the country, SMU provides students and families several a list of lenders to assist them in navigating the complexities of borrowing a private educational loan, however a borrower can choose any lender not on SMU's lender list.

Yes. SMU offers an interest-free monthly payment plan to assist in your financial planning for your full-time education. To request a brochure or to receive an enrollment form, contact Academic Management Services at 1-800-635-0120 or visit their Web site at www.tuitionpay.com.

The tuition for the entire program can change as tuition costs have traditionally risen over time. For the current tuition cost of the Weekend Format, please click here.

The tuition is spread out over the five semesters of the program. Weekend Format students are allowed to take part in the Deferred Billing Program where tuition is not actually due to the university until the end of the semester.