Avg. Federal Grant


Avg. Federal Loan


Total Aid Awarded

Murray State College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.


Total Aid Amount Average Total Aid Awarded per year.


Financial Aid Official Website


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


State Grant Aid


Institution Grant Aid


Pell Grant


Average Aid Awarded

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000


$30,001 - $48,000


$48,001 - $75,000


$75,001 - $110,000


Over $110,000


Student Loans for Murray State College

Average Loan Amount Average Loan Amount received per year.


Students Taking Out Loans


Loan Default Rate


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