by our College Data Analytics TeamThe total cost of attendance at Alcorn State University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Curious about the financial aid opportunities at Alcorn State and what you may be eligible for? Explore the answers here.
$6,447.00 is the typical Alcorn State University’s first year financial aid package. 100% of reshman students get 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.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Alcorn State University.
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 apply to scholarships and grants largely offered by the school itself.
48% of new students (248 total) were offered scholarships at Alcorn State University, averaging $4,932.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 92% of freshmen (472 total) received a federal grant, for about $6,516.00 a person.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 58.40% | $7,805.00 |
| Income 30k-48k | 19.34% | $2,815.00 |
| Income 48k-75k | 7.03% | $3,878.00 |
| Income 75k-110k | 0.20% | $17,342.00 |
| Income 110k + | 1.37% | $11,455.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
Of the 512 undergraduate students at Alcorn State University around 100% (512 total) receive some form of grant aid. The typical amount awarded was $6,447.00.Most of them are distributed as Pell Grants.
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.