$5,502

Avg. Federal Grant

$6,196

Avg. Federal Loan

$42,100,848

Total Aid Awarded

Morgan State University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$42.101M

Financial Aid Official Website

www.morgan.edu/financialaid

Such schemes include Christa McAuliffe Scholarship, Development Fund for Black Students in Science and Technology Scholarship, Developmental Disabilities, Mental Health, Child Welfare, and Juvenile Justice Workforce Tuition Assistance Program, and Diversity Grant. It is interesting to note that, every year, around 94% of students at MSU receive some kind of financial aid, while the total amount of assistance/loans provided is $33,450,017. Notably, a total of 59% of the applicants to Morgan State University receive the Federal Grant every year. In comparison, 76% of the students are awarded the Student Grant, 42% get the Institution Grant, and 58% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,885, and the same stands at $3,468 for State Grant awardees and $5,528 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,824. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 78% of the applicants to Morgan State University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

27%

Institution Grant Aid

47%

Pell Grant

62%

Average Aid Awarded

Federal Grant Aid

$5,502

State Grant Aid

$3,649

Institution Grant Aid

$6,902

Pell Grant

$4,842

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$9,962

$30,001 - $48,000

$8,715

$48,001 - $75,000

$5,682

$75,001 - $110,000

$3,530

Over $110,000

$2,231

Student Loans for Morgan State University

Average Loan Amount Average Loan Amount received per year.

$7,089/Year

Students Taking Out Loans

76%

Loan Default Rate

15.8%

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