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Southern Methodist University

#213 in US ranking Dallas, TX
Type:
Private not-for-profit
Programs:
4 years or more

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Southern Methodist University award
Southern Methodist University award

Cost

Cost / year
$88,892
Tuition & fees
$69,722
Avg. aid
$37,410
Receiving aid
71%

Admissions

Acceptance rate
63%
SAT range
1340–1490
ACT range
30–34

Outcomes

Graduation rate
84%
Median salary
$61,050
1 yr after graduation

What is the cost of studying for a year at Southern Methodist University?

SMU is a private university, so its reported undergraduate tuition and required fees do not differ by Texas residency. For the 2024-25 reporting year, full-time undergraduate tuition was $59,500 and required fees were $7,540, for $67,040 before housing, food, books, and other expenses.

  • Reported tuition and required fees: $67,040.
  • Typical room and board charges: $19,794.
  • Reported books and supplies: $876.

Those reported items total $87,710, but they are not a complete cost-of-attendance budget: transportation, personal expenses, and individual course costs may add to the total. Students living off campus will have a different housing budget. Graduate tuition and fees vary by program and should not be estimated from the undergraduate figures.

Published charges are also different from net price, which accounts for grant and scholarship aid. Reported average net price varied substantially by family income: it was $20,038 for students from families earning no more than $48,000 and $58,213 for those from families earning above $110,000. These are averages for groups, not offers to individual applicants.

SMU students may be considered for institutional merit or need-based assistance and, when eligible, federal grants, loans, and work-study. Federal aid generally requires the Free Application for Federal Student Aid (FAFSA); some institutional awards may have additional steps or priority dates. In the reported aid data, 71% of students received financial aid and 21% had student loans. Applicants should compare their own aid offer and full annual budget rather than subtracting an average grant from the sticker price.

What are the work-study opportunities at Southern Methodist University?

Eligible SMU students may pursue part-time employment, including Federal Work-Study positions. Federal Work-Study is need-based financial aid that lets a student earn wages through an approved job; it is not a grant paid upfront and does not guarantee a position or a set amount of earnings.

Other campus jobs may be open to students without a work-study award. In either case, students generally must find and apply for a position, satisfy employment requirements, and balance working hours with coursework. An internship is different again: it may be paid or unpaid and may carry academic credit depending on the program.

For longer-term career planning, SMU's career resources include support for exploring careers, preparing applications, seeking internships, and connecting with employers or alumni. Students should distinguish access to those services from a verified job-placement outcome. A useful first step is to compare the career services available through the university and the school housing their intended major.

Southern Methodist University Tuition and Fees

In-state tuition & fees
$69,722
Out-of-state tuition & fees
$69,722
Tuition
$61,880
Fees
$7,842
Room and board
$19,794
Books and supplies
$876

Total Cost

Cost of attendance per year
$88,892
Tuition & fees
$69,722
Housing, food, books & other
$19,170

71% of undergraduates receive aid, $37,410 on average

Southern Methodist University Cost of Living

Yearly living expenses by where students live

On campus
$21,762
Off campus, not with family
$14,012
Off campus, with family
$2,698

Southern Methodist University Net Price by Family Income

Average yearly cost after grants, students awarded federal aid

$0–30,000
$23,544
$30,001–48,000
$20,038
$48,001–75,000
$24,152
$75,001–110,000
$33,477
Over $110,000
$58,213

Southern Methodist University Room and Board Cost

Typical room charge for academic year

$12,170

Typical board charge for academic year

$7,624

Institution provide on-campus housing

Yes

Southern Methodist University Financial Aid

Undergraduate average amount

$37,410

All

$37,520

Students Receiving Financial Aid

Share of undergraduate students
71%

Southern Methodist University Grants, Loans and Debt

Students receiving Pell Grants
13%
Students with federal loans
21%
Median debt at completion
$18,750

Southern Methodist University Military and Veterans Benefits

Undergraduate average amount

$39,422

Graduate average amount

$18,726

Data last updated on November 5, 2026

Data sources: IPEDS 2024-25, Peterson 2026, College Scorecard 10/2026, Clery 2024 (2023-24), OpenAlex 2026

Figures on this profile come from federal and third-party datasets in the editions listed above and are refreshed periodically, so they may differ from what the institution currently reports. Confirm costs, deadlines and requirements with the school before making decisions.

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