$5,114

Avg. Federal Grant

$5,550

Avg. Federal Loan

$132,933,133

Total Aid Awarded

The University of Mississippi Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

69%

Total Aid Amount Average Total Aid Awarded per year.

$132.933M

Financial Aid Official Website

finaid.olemiss.edu

Notably, 86% of the students at University of Mississippi get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $43,276,426. More information regarding the financial assistance schemes can be accessed on UM’s official financial aid page at http://finaid.olemiss.edu. The total percentage of candidates applying to University of Mississippi who receive the Federal Grant is 22%. Meanwhile, 76% of the applicants receive the Student Grant and 63% are awarded the Institution Grant, while 22% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,165, and the same stands at $2,678 for State Grant awardees and $11,047 for Institution Grant recipients. On the other hand, the average aid received by the Pell Grant awardees is $5,046. 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. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 41% of the applicants to University of Mississippi opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

24%

State Grant Aid

29%

Institution Grant Aid

65%

Pell Grant

24%

Average Aid Awarded

Federal Grant Aid

$5,114

State Grant Aid

$2,547

Institution Grant Aid

$10,391

Pell Grant

$4,953

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$14,974

$30,001 - $48,000

$12,589

$48,001 - $75,000

$7,157

$75,001 - $110,000

$5,816

Over $110,000

$4,794

Student Loans for The University of Mississippi

Average Loan Amount Average Loan Amount received per year.

$8,672/Year

Students Taking Out Loans

41%

Loan Default Rate

7.5%

Other Colleges In Mississippi

Belhaven University
Belhaven University

Jackson, Mississippi

Other Public Colleges