Alcorn State Financial Aid: Everything You Must Know
Did you know financial aid accessability is based on several criteria? Read on to learn more on the amount of financial aid , scholarships and grants you can expect from Alcorn State.
What is Inside a Typical Financial Aid Offer at Alcorn State
Alcorn State University's average financial aid plan for new freshmen is $15,633. Approximately 81.0% of first year students get some kind of financial aid, most of which is in the form of scholarships and grants.
Financial aid includes loans, grans, and scholarships. However, student loans need to be paid off, so they aren't a real discount.
A student loan is not a genuine college discount, but rather an outcome to consider. Discover how much student loan debt from Alcorn State you may end up taking on.
How Much Aid is Offered That I Don't Have to Repay? (A.K.A. Scholarships & Grants)?
The numbers below apply to scholarships and grants mainly offered by Alcorn State University.
37.0% of incoming freshmen (200 total) were given scholarships at Alcorn State University, averaging $7,580 per student.
As well as scholarships, 71.0% of freshmen (386 total) received federal grant aid, for about $5,539 per person.View the average amount of scholarships and grants first years receive by looking at the chart below.
Grants are typically based on need while scholarships are merit-based.
Financial Aid per Family Income
The table following demonstrates scholarship and grant distributed by income for freshmen receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 46.2% | $6,462 |
| Income 30k-48k | 11.0% | $5,603 |
| Income 48k-75k | 4.0% | $3,662 |
| Income 75k-110k | 1.7% | $3,470 |
| Income 110k + | 1.3% | $3,570 |
Education funding by the government by means of loans, grants, and work study is known as Title IV aid. Get more info on Title IV here..
The Typical Undergraduate Who Gets Scholarship or Grant Will get $7,668
86.0% of the 3,157 undergrads at Alcorn State University receive some sort of grant aid. A total of about 2,725 students obtaining an average of $7,668 per person. The most of which are in the form of Pell Grants.
Financial Aid Links from Alcorn State University
| Financial Aid Department Website | www.alcorn.edu/admissions/financial-aid/index.aspx |
| Net Price Calculator | www.alcorn.edu/admissions/financial-aid/index.aspx# |
