Minot State University (MSU) Financial Aid and Scholarships
Students Receiving Aid
60%
Total Aid Amount
$7.560M
Financial Aid Official Website
www.minotstateu.edu/finaid/
Such schemes include Academic Excellence Scholarship, Diversity Award, Global Award, and National Award. It is interesting to note that, every year, around 90% of students at MSU receive some kind of financial aid, while the total amount of assistance/loans provided is $7,007,740. The total percentage of candidates applying to Minot State University who receive the Federal Grant is 27%. On the other hand, 84% of the candidates get the Student Grant, 75% receive the Institution Grant, and 27% get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,411, the State Grant receivers and Institution Grant beneficiaries get $1,997 and $2,228, respectively. And, for the Pell Grant awardees, the average aid amount is $4,180. 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. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 47% of the applicants to Minot State University opt for student loans.
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