by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
Interested in understanding the financial aid resources available at Morgan State and your eligibility? Find the answers you seek below.
Morgan State University average financial aid offer for freshmen students is $6,641.00. About 97% of first year students receive financial aid, most of which is in the form of loans.
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.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Morgan State University.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
57% of new students (773 total) were offered scholarships at Morgan State University, averaging $4,449.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 57% of first-year students (778 total) got federal grant aid, averaging $5,644.00 per person.
The next table demonstrates grant and scholarship distributions by income level for freshmen getting any form of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.73% | $9,988.00 |
| Income 30k-48k | 8.50% | $8,425.00 |
| Income 48k-75k | 8.57% | $4,949.00 |
| Income 75k-110k | 6.15% | $2,220.00 |
| Income 110k + | 5.86% | $1,487.00 |
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.
1147 Morgan State undergrads obtain grant aid (this is about 97% of the entire undergraduate student population). The average amount these students receive is $6,641.00.
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.