Messiah College Financial Aid and Scholarships
Students Receiving Aid
97%
Total Aid Amount
$49.071M
Financial Aid Official Website
www.messiah.edu/info/21085/financial_aid
It is interesting to note that almost every student at MU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $11,728,869. For additional information about financial assistance schemes, one can head over to MU’s financial aid page at http://www.messiah.edu/info/21085/financial_aid. Notably, a total of 25% of the applicants to Messiah University receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 23% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,216, the State Grant receivers and Institution Grant beneficiaries get $3,281 and $18,068, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,255. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $24,327 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $25,171, while those falling in the $48,001-$75,000 income category get $22,800 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $18,398. And, for those with a family income of more than $110,000, the amount stands at $15,417. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At MU, an estimated number of 71% of the applicants choose to go for student loans.
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