$4,382

Avg. Federal Grant

$2,163

Avg. Federal Loan

$8,349,286

Total Aid Awarded

Murray State College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

65%

Total Aid Amount Average Total Aid Awarded per year.

$8.349M

Financial Aid Official Website

www.mscok.edu/current_students/financial_aid.aspx

Notably, 92% of the students at Murray State College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,283,235. More information regarding the financial assistance schemes can be accessed on MSC’s official financial aid page at http://www.mscok.edu/current_students/financial_aid.aspx. The total percentage of candidates applying to Murray State College who receive the Federal Grant is 63%. In comparison, 88% of the students are awarded the Student Grant, 46% get the Institution Grant, and 63% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,254, while the same comes to $3,474 for State Grant receivers and $3,906 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,832. 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 77% of the applicants to Murray State College opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

47%

State Grant Aid

22%

Institution Grant Aid

32%

Pell Grant

47%

Average Aid Awarded

Federal Grant Aid

$4,382

State Grant Aid

$3,187

Institution Grant Aid

$3,962

Pell Grant

$4,328

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,961

$30,001 - $48,000

$6,954

$48,001 - $75,000

$4,237

$75,001 - $110,000

$1,742

Over $110,000

$1,326

Student Loans for Murray State College

Average Loan Amount Average Loan Amount received per year.

$2,235/Year

Students Taking Out Loans

66%

Loan Default Rate

18.6%

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