by our College Data Analytics TeamMany students attending Minot State University 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.
Discover the financial aid possibilities at MSU and learn what assistance you might qualify for by continuing to read.
Minot State University average financial aid offer for freshmen students is $4,653.00. 93% of first-year students are awarded financial aid, primarily comprising loans.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
Concerned about the student loans that might be part of your financing deal? Look at the average amount of debt per student at Minot 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 numbers listed below make reference to help that is offered by Minot State University.
79% of new students (308 total) were offered scholarships at Minot State University, averaging $2,505.00 per person. This puts it in the bottom 50th percentile among colleges and universities nationwide.
As well as scholarships, 62% of freshmen (240 total) obtained a federal grant, for about $2,487.00 a piece.
Amount of Financial Assistance Per Income Level
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 11.54% | $7,976.00 |
| Income 30k-48k | 8.46% | $7,836.00 |
| Income 48k-75k | 10.51% | $4,985.00 |
| Income 75k-110k | 10.77% | $2,907.00 |
| Income 110k + | 15.90% | $2,234.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
Of the 390 undergraduate students at Minot State University around 93% (349 total) receive some form of grant aid. The typical amount awarded was $4,653.00.
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.