$4,103

Avg. Federal Grant

$6,104

Avg. Federal Loan

$3,567,222

Total Aid Awarded

Minnesota State College Southeast Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

55%

Total Aid Amount Average Total Aid Awarded per year.

$3.567M

Financial Aid Official Website

www.southeastmn.edu/become_a_student/finaid.aspx

As many as 82% of the students at MSCS get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,334,950 in a year. The total percentage of candidates applying to Minnesota State College Southeast who receive the Federal Grant is 48%. On the other hand, 61% of the candidates get the Student Grant, 1% receive the Institution Grant, and 48% get the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $3,464. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 49% of the applicants to Minnesota State College Southeast opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

45%

State Grant Aid

40%

Institution Grant Aid

1%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$4,103

State Grant Aid

$1,553

Institution Grant Aid

$968

Pell Grant

$4,010

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,278

$30,001 - $48,000

$5,090

$48,001 - $75,000

$3,246

$75,001 - $110,000

$392

Over $110,000

N/A

Student Loans for Minnesota State College Southeast

Average Loan Amount Average Loan Amount received per year.

$7,284/Year

Students Taking Out Loans

47%

Loan Default Rate

10.9%

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