by our College Data Analytics TeamMany students attending University of Southern Mississippi can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
What financial aid options does Southern Miss offer, and what will you qualify for? Keep scrolling for answers.
$9,210.00 is the typical University of Southern Mississippi’s first year financial aid package. 94% of reshman students get financial aid, most of which is in the form of grants and scholarships
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at University of Southern Mississippi.
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 following numbers pertain to assistance that is supplied by University of Southern Mississippi.
61% of incoming freshmen (1117 total) were awarded scholarships at University of Southern Mississippi, averaging $5,972.00 a piece. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 50% of first-year students (922 total) got federal grant aid, averaging $5,219.00 per person.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 24.28% | $11,665.00 |
| Income 30k-48k | 8.98% | $11,921.00 |
| Income 48k-75k | 5.50% | $9,088.00 |
| Income 75k-110k | 5.55% | $5,664.00 |
| Income 110k + | 5.55% | $5,445.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 1837 undergraduate students at University of Southern Mississippi around 94% (1586 total) receive some form of grant aid. The typical amount awarded was $9,210.00.
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.