by our College Data Analytics TeamMany students attending University of Minnesota - Morris 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.
What financial aid options does UMN Morris offer, and what will you qualify for? Keep scrolling for answers.
$13,459.00 is the typical University of Minnesota - Morris’s first year financial aid package. Approximately 98% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at University of Minnesota - Morris.
Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.
The numbers listed below make reference to help that is offered by University of Minnesota - Morris.
95% of incoming freshmen (301 total) were awarded scholarships at University of Minnesota - Morris, averaging $8,397.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 47% of freshmen (149 total) obtained a federal grant, for about $5,447.00 a piece.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 8.49% | $20,695.00 |
| Income 30k-48k | 10.38% | $22,406.00 |
| Income 48k-75k | 11.64% | $17,945.00 |
| Income 75k-110k | 11.64% | $10,188.00 |
| Income 110k + | 16.35% | $6,369.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
305 UMN Morris undergrads obtain grant aid (this is about 98% of the entire undergraduate student population). The average amount these students receive is $13,459.00.
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.