by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from USD.
University of South Dakota average financial aid offer for freshmen students is $4,631.00. About 92% of first year students receive financial aid, most of which is in the form of loans.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
A college loan is not a true college discount, but rather an outcome to consider. Find out how much student loan debt from University of South Dakota you may end up taking on.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The numbers below apply to scholarships and grants primarily provided by University of South Dakota.
60% of first-year students (737 total) were offered scholarships at University of South Dakota, averaging $3,722.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 45% of freshman students (553 total) obtained federal grant aid, averaging $3,704.00 a piece.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 9.64% | $7,521.00 |
| Income 30k-48k | 6.65% | $5,722.00 |
| Income 48k-75k | 9.56% | $3,468.00 |
| Income 75k-110k | 8.67% | $2,007.00 |
| Income 110k + | 11.35% | $1,937.00 |
The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.
993 USD undergrads obtain grant aid (this is about 92% of the entire undergraduate student population). The average amount these students receive is $4,631.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.