by our College Data Analytics TeamA lot of students will not be asked to pay the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Alcorn State University can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will Alcorn State provide, and just what are you going to be eligible for? Read on for answers. Read on to see how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Alcorn State University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
For incoming first-year students at Alcorn State University, 100% of entering full-time freshmen got some type of financial assistance roughly 472 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 94% | $11,375 |
| Institutional grants & scholarships | 55% | $7,181 |
| Federal Pell grants | 85% | $6,418 |
| State/local grants | 21% | $1,944 |
| Federal student loans | 78% | $6,695 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, some 80% of undergraduates were awarded an average grant or scholarship of $10,544 (across roughly 1946 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $10,544 |
| Federal Pell grants | 70% | $6,737 |
| Federal student loans | 67% | $10,928 |
For on-campus title-IV students, average grant aid came to $10,486.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,552 |
| $30,001 – $75,000 | $15,232 |
| Over $75,000 | $14,710 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,265 |
| Off-campus title-IV students | $14,040 |
For an estimate tailored to your family circumstances, see Alcorn State’s NPC: nces.ed.gov/collegenavigator/?q=Alcorn+State+university&s=all&id=175342.
Graduating students at Alcorn State carry a median federal student debt of $17,021 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,021 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Alcorn State.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,700 |
| 25th percentile | $7,685 |
| 75th percentile | $33,500 |
| 90th percentile (highest-debt students) | $45,875 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $18,929 |
| Middle income | $15,000 |
| High income | $12,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,166 |
| Continuing-generation students | $15,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,668 |
| Independent students | $25,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Alcorn State.
Stafford loans are the federal government’s primary direct undergraduate lending program. The aggregate figures below show how active the program is at Alcorn State:
| Metric | Value |
|---|---|
| Stafford loan recipients | 20548 |
| Total Stafford loan amount | $636,699,031 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 20 |
| Total GI Bill amount | $136,469 |
| Average GI Bill amount per recipient | $6,823 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 8 |
| Total DoD amount | $22,750 |
| Average DoD amount per recipient | $2,844 |
References
More about our data sources and methodologies.