McNeese State University Financial Aid and Scholarships
Students Receiving Aid
73%
Total Aid Amount
$36.799M
Financial Aid Official Website
www.mcneese.edu/finaid
It is interesting to note that, every year, around 99% of students at MSU receive some kind of financial aid, while the total amount of assistance/loans provided is $15,859,875. One can visit MSU's financial aid page at http://www.mcneese.edu/finaid for more information. Notably, a total of 42% of the applicants to McNeese State University receive the Federal Grant every year. On the other hand, 94% of the candidates get the Student Grant, 52% receive the Institution Grant, and 42% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,853, while the same comes to $4,688 for State Grant receivers and $4,138 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,675. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At McNeese State University, the percentage of candidates who opt to avail of student loans is around 42%.
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