by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Discover the financial aid possibilities at Mississippi Valley State University and learn what assistance you might qualify for by continuing to read.
$9,251.00 is the typical Mississippi Valley State University’s first year financial aid package. About 97% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid helps lower the cost, or the full retail price of the institution. But bear in mind that the only true college discount is scholarships & grants.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Mississippi Valley State University.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The stats below refer to aid that is provided by Mississippi Valley State University.
48% of new students (150 total) were offered scholarships at Mississippi Valley State University, averaging $6,955.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 75% of freshman students (232 total) obtained federal grant aid, averaging $6,369.00 a piece.
The next table shows grant and scholarship distributions by income for first-year students getting any form of federally-funded Title IV aid, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 80.00% | $9,790.00 |
| Income 30k-48k | 2.58% | $6,891.00 |
| Income 48k-75k | 1.29% | $5,848.00 |
| Income 75k-110k | 0.32% | $13,626.00 |
| Income 110k + | 0.65% | $13,663.00 |
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.
286 Mississippi Valley State University undergrads obtain grant aid (this is about 97% of the entire undergraduate student population). The average amount these students receive is $9,251.00.The largest share of which are in the guise of 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.