What is Inside a Typical Financial Aid Offer at Alcorn State
Alcorn State University's average financial aid plan for new freshmen is $20,525. Approximately 86.0% of first year students get some kind of financial aid, most of which is scholarships and grants.
Financial aid helps decrease the cost, or the "sticker" price of the institution. However, bear in mind that the only real college discount are scholarships & grants.
Worried about the student loans that might be included in your financial aid plan? Look at the average amount of debt per student at Alcorn State.
How Much Is Offered in Grants & Scholarships?
The numbers below apply to scholarships and grants mainly offered by Alcorn State University.
62.0% of incoming freshmen (454 total) were given scholarships at Alcorn State University, averaging $9,683 per student. This puts it in the top 40th percentile of all schools in the country.
As well as scholarships, 86.0% of freshmen (630 total) received federal grant aid, for about $6,350 per person.
View the typical quantity 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 chart following demonstrates scholarship and grant allocations by income for freshmen receiving any sort of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 54.6% | $10,172 |
| Income 30k-48k | 2.6% | $8,631 |
| Income 48k-75k | 4.0% | $6,027 |
| Income 75k-110k | 1.0% | $4,001 |
| Income 110k + | 1.1% | $1,970 |
Education funding from the government by means of loans, grants, and work-study is known as Title IV aid. Get more info on Title IV here..
$11,041 is the Average Total an Undergrad Will Get in Scholarships or Grants
Of the 3,172 undergraduate students at Alcorn State University around 89.0% (2,827 in total) receive some form of grant aid. The standard quantity granted was $11,041.
Go to the Tuition and Fees page or the Cost Per Credit Hour page for more info.
Financial Aid Links from Alcorn State University
| Financial Aid Department Website | www.alcorn.edu/admissions/financial-aid |
| Net Price Calculator | www.alcorn.edu/admissions/financial-aid/consumer-information-disclosures |
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