$4,474

Avg. Federal Grant

$5,833

Avg. Federal Loan

$14,463,739

Total Aid Awarded

Minnesota State University Moorhead Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

58%

Total Aid Amount Average Total Aid Awarded per year.

$14.464M

Financial Aid Official Website

www.mnstate.edu/financialaid/

It is interesting to note that, every year, around 93% of students at MSUM receive some kind of financial aid, while the total amount of assistance/loans provided is $17,323,219. For additional information about financial assistance schemes, one can head over to MSUM’s financial aid page at http://www.mnstate.edu/financialaid/. The total percentage of candidates applying to Minnesota State University Moorhead who receive the Federal Grant is 29%. In comparison, 78% of the students are awarded the Student Grant, 63% get the Institution Grant, and 29% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,796, the State Grant receivers and Institution Grant beneficiaries get $3,048 and $2,201, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,037. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 70% of the applicants to Minnesota State University Moorhead opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

34%

State Grant Aid

38%

Institution Grant Aid

58%

Pell Grant

34%

Average Aid Awarded

Federal Grant Aid

$4,474

State Grant Aid

$2,787

Institution Grant Aid

$2,041

Pell Grant

$3,985

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,251

$30,001 - $48,000

$7,711

$48,001 - $75,000

$6,054

$75,001 - $110,000

$2,197

Over $110,000

$1,069

Student Loans for Minnesota State University Moorhead

Average Loan Amount Average Loan Amount received per year.

$9,141/Year

Students Taking Out Loans

72%

Loan Default Rate

4.9%

Other Colleges In Minnesota

Rasmussen College
Rasmussen College

St. Cloud, Minnesota

Capella University
Capella University

Minneapolis, Minnesota

Walden University
Walden University

Minneapolis, Minnesota

Other Colleges In Moorhead

Other Public Colleges