$4,376

Avg. Federal Grant

$5,165

Avg. Federal Loan

$2,880,543

Total Aid Awarded

Montana State University - Northern (MSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

66%

Total Aid Amount Average Total Aid Awarded per year.

$2.881M

Financial Aid Official Website

www.msun.edu/stuaffairs/finaid/index.htm

As many as 88% of the students at MSUN get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,069,292 in a year. More information regarding the financial assistance schemes can be accessed on MSUN’s official financial aid page at http://www.msun.edu/stuaffairs/finaid/index.htm. The total percentage of candidates applying to Montana State University-Northern who receive the Federal Grant is 58%. Meanwhile, 73% of the applicants receive the Student Grant and 39% are awarded the Institution Grant, while 56% of the students get the Pell Grant. And, for the Pell Grant awardees, the average aid amount is $4,556. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At MSUN, an estimated number of 53% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

47%

State Grant Aid

4%

Institution Grant Aid

36%

Pell Grant

47%

Average Aid Awarded

Federal Grant Aid

$4,376

State Grant Aid

$5,047

Institution Grant Aid

$2,703

Pell Grant

$4,264

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,460

$30,001 - $48,000

$4,918

$48,001 - $75,000

$1,675

$75,001 - $110,000

$87

Over $110,000

N/A

Student Loans for Montana State University - Northern (MSU)

Average Loan Amount Average Loan Amount received per year.

$5,495/Year

Students Taking Out Loans

58%

Loan Default Rate

13.9%

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