$6,364

Avg. Federal Grant

$5,708

Avg. Federal Loan

$12,386,436

Total Aid Awarded

Mississippi Valley State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

83%

Total Aid Amount Average Total Aid Awarded per year.

$12.386M

Financial Aid Official Website

www.mvsu.edu/prospective-students/financial-aid-programs

As many as 98% of the students at MVSU get some sort of financial aid, and the total amount of assistance/loans provided is more than $11,556,921 in a year. At MVSU, the total percentage of applicants who receive the Federal Grant stands at 85%. On the other hand, 95% of the candidates get the Student Grant, 38% receive the Institution Grant, and 84% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,414, while the same comes to $2,646 for State Grant receivers and $6,476 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,247. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At MVSU, an estimated number of 95% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

87%

State Grant Aid

14%

Institution Grant Aid

37%

Pell Grant

87%

Average Aid Awarded

Federal Grant Aid

$6,364

State Grant Aid

$2,484

Institution Grant Aid

$5,740

Pell Grant

$5,596

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$4,231

$30,001 - $48,000

$3,938

$48,001 - $75,000

$3,883

$75,001 - $110,000

$4,223

Over $110,000

$5,400

Student Loans for Mississippi Valley State University

Average Loan Amount Average Loan Amount received per year.

$5,764/Year

Students Taking Out Loans

93%

Loan Default Rate

23.3%

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