What Percentage of Students Receive Financial Aid?
Murray State University's standard financial aid plan for newly arriving freshmen is $19,054. Around 99.0% of new students obtain some financial aid, the majority of which is scholarships and grants.
Loans are a part of financial aid packages, however the only true college discount is a scholarship or grant that you don't need to repay.
A loan is not a legitimate college discount, but rather an outcome to consider. Learn how much student loan debt from Murray State you could end up taking on.
Number of Murray State Grants & Scholarships
The following numbers refer to scholarships and grants mainly supplied by Murray State University.
89.0% of first year students (1,169 total) were given scholarships at Murray State University, averaging $7,524 a piece. This puts it in the top 40th percentile of all schools in the country.
In addition to scholarships, 40.0% of freshmen (529 total) received a federal grant, for about $4,878 a person.
How are scholarships and grants distributed to freshmen at Murray State? View the graph below.
Grants are normally based on need while scholarships are based on merit or ability.
How Family Income Affects Aid
The table following displays scholarship and grant distributions by family income for freshman students getting any sort of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 14.2% | $11,903 |
| Income 30k-48k | 7.1% | $11,557 |
| Income 48k-75k | 10.5% | $8,783 |
| Income 75k-110k | 9.3% | $7,258 |
| Income 110k + | 7.3% | $5,752 |
The table above shows students who are getting Title IV aid which is federal aid from the government including loans, grants or work-study. Learn more.
The Typical Undergraduate Who Gets a Grant or Scholarship Will Get $8,782
7,187 Murray State students get grants (this is about 88.0% of the total student population). The typical amount these students get is $8,782
Go to the Tuition and Fees page or the Cost Per Credit Hour page for more info.
Murray State University Financial Aid Info
| Financial Aid Department Website | www.murraystate.edu/admissions/financialaid/index.aspx |
| Net Price Calculator | https://murraystate.studentaidcalculator.com/survey.aspx |
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