How to Pay for Southern Methodist University

Located on a picturesque campus just north of downtown Dallas, Southern Methodist University (SMU) may be small compared to the public schools of Texas, but this doesn’t mean you won’t find a wide variety of undergraduate and graduate programs there. Whether you’ll be a law student at Dedman, aspiring MBA at Cox or even a future video game designer learning the ropes at Guildhall, continue reading for guidance on how to pay for your education at Southern Methodist University.

How much does it cost to attend SMU?

Undergraduate tuition at SMU is billed by term credit hours, that is, the cost depends on how many classes you’re taking. For the standard full-time student taking between 12 and 18 credits, the per-semester flat rate for the 2016-2017 school year is $22,347, which doesn’t include student fees ($238 per credit hour). There may be additional fees depending on your courses – many lab, studio arts, and exercise classes change extra fees that can range from just $30 to over $1,000. In addition to nearly $45,000 in tuition for the academic year, keep in mind other expenses including room and board. You can use SMU’s net price calculator to estimate your total costs.

Law students at SMU Dedman will pay $45,432 in tuition for the 2016-2017 school year, as well as $5,664 in “general fees” and an estimated $29,370 on non-tuition expenses (housing, food, personal expenses, etc.), for a total of around $80,000 per year. SMU Cox full-time MBA students pay a similar amount in tuition, and total expenses for the year are estimated to be $76,421 for the year. If you plan to pursue a different graduate degree at SMU, check on the tuition for your specific program here.

What kind of financial aid does SMU offer?

Undergraduates at SMU may be eligible for various types of scholarship aid, including academic-based scholarships, departmental scholarships, and United Methodist Church scholarships. Once you’ve maximized the scholarships you can get directly from SMU, research external private scholarships and apply to as many as possible – use an online scholarship search engine to identify which scholarships are relevant to your background and course of study. Beyond scholarships, be sure to submit the FAFSA in order to be considered for federal grant money and look into student employment options that can help pay the bills.

Dedman offers merit-based academic scholarships to incoming law students; consideration for these scholarships requires nothing beyond the admissions application. For students who believe their background would contribute to the diversity of Dedman’s JD program, there is an optional question on the admissions application where applicants may expand on their experiences, accomplishments, or background. Be sure to complete this question if you think your profile might be competitive for this additional scholarship.

In addition to Dedman scholarships, the Hatton W. Sumners Scholarship and The Sarah T. Hughes Scholarship are awarded to Dedman students by external organizations; consideration for these scholarships requires a separate application. For the remaining costs of financing a legal education, students can look to federal and private student loans.

Full-time MBA students at Cox will be automatically considered for a number of merit scholarships upon application. Up to five students per year are declared Cox Distinguished Scholars, and receive full-tuition scholarships as well as career forums in New York and Washington, D.C. Those interested in a career in operations, information technology, or business analytics can apply to be a Cox ITOM Scholar; students in marketing or advertising might be interested in applying for a spot as a Cox Marketing Scholar. Candidates from India, Latin America, and female applicants will be automatically considered for additional scholarships.

What kinds of extras should I expect to pay for at SMU?

Greek life is a significant part of the campus community at SMU, so if a sorority or fraternity is in your future, be sure to research and budget for those costs ahead of time. Take note of not only membership dues, but also the costs of outfits for formal events, letter gear, and other outings and events that Greek life will give you the opportunity to participate in.

If you plan on bringing a car to SMU, student parking permits cost $300 per year – but don’t forget about the more significant expenses of car ownership, including insurance and servicing your car. Luckily for those car-less students, you’re not far from the Dallas/Fort Worth International Airport, so the chances of getting home quickly are higher than they might be at a more isolated university.

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