Financial Aid at MSU
Financial Aid Amount Received
$9,950 (22.59% of tuition)
Percent of Financial Aid Received
73% of 39,201 students
28,598 undergraduate students (73% of all students) have received grants, scholarships, and/or federal student loans at Michigan State University. The percentage of students who received financial aid higher compared to Public, 4-Years Colleges in Michigan.
Compared to similar schools in rankings such as University of Michigan-Ann Arbor and Rutgers University-New Brunswick, the percentage of students who received financial aid is much higher (the average of the schools is 54.30%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $9,950 and the average loan amount is $6,320. The average financial aid amount is 22.59% of tuition & fees based on out-of-state rate (tuition & fees: $44,040).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 28,598 | 73% | $284,547,113 | $9,950 |
| Pell Grants | 7,847 | 20% | $42,057,113 | $5,360 |
| Federal Students Loans | 13,088 | 33% | $82,716,243 | $6,320 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 9,276 students have received one or more types of financial aid at Michigan State University.
The average amount of federal, state, local or institutional grant aid is $8,147 and the average amount of student loans awarded to full-time first-time undergraduate students is $9,086.
The following table shows the financial data by type of aid at Michigan State University.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 9,322 | 97% | - | - |
| Grant or scholarship aid | 9,276 | 96% | $75,569,905 | $8,147 |
| Federal Grants | 1,753 | 18% | $9,778,143 | $5,578 |
| Pell Grants | 1,750 | 18% | $9,412,409 | $5,379 |
| Other Federal Grants | 737 | 8% | $365,734 | $496 |
| State/Local Grants | 437 | 5% | $747,848 | $1,711 |
| Institutional Grants | 9,245 | 96% | $65,043,914 | $7,036 |
| Student Loans | 3,370 | 35% | $30,619,215 | $9,086 |
| Federal Student Loans | 3,112 | 32% | $16,664,844 | $5,355 |
| Other Student Loans | 696 | 7% | $13,954,371 | $20,049 |
Financial Aid by Income Level
The following table summarizes the number of schools receiving financial aid and its average amount by income levels at Michigan State University.
| Income Level | # of Students | # of Students Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| All Income Level | - | - | $31,422,711 | $9,777 |
| 0 - $30,000 | 682 | 681 | $15,283,269 | $22,409 |
| $30,001 - $48,000 | 415 | 415 | $6,867,310 | $16,548 |
| $48,001 - $75,000 | 456 | 454 | $4,628,339 | $10,150 |
| $75,001 - $110,000 | 414 | 409 | $1,899,413 | $4,588 |
| $110,001 - more | 1,247 | 1,202 | $2,744,380 | $2,201 |
Paid Tuition Rates by Residency
At Michigan State University, for the first-time/full-time students, 7,168 students have paid in-state rate of tuition and 2,487 students have paid out-of-state tuition rate.
| # of Students | |
|---|---|
| In-District Rate | 0 |
| In-State Rate | 7,168 |
| Out-of-State Rate | 2,487 |
| Un-known | 0 |
Number of Students by Living Arrangement (Freshmen)
At Michigan State University, 6,729 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 33 students live off-campus. In addition, 243 students live with their family.
| # of Students | |
|---|---|
| Living On-Campus | 6,729 |
| Living Off-Campus | 33 |
| Living with Family | 243 |
| Un-known | 0 |