by our College Data Analytics TeamA large number of students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to McMurry University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial aid options can McMurray University offer you, and what will you qualify for? Keep reading for more information. Keep reading to learn how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at McMurry University.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at McMurry University, 99% of first-year full-time students received aid of some kind some 316 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $23,083 |
| Institutional grants & scholarships | 98% | $17,012 |
| Federal Pell grants | 59% | $5,870 |
| State/local grants | 70% | $3,560 |
| Federal student loans | 73% | $5,146 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, about 41% of undergraduate students received gift aid averaging $21,156 (among about 1040 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 41% | $21,156 |
| Federal Pell grants | 24% | $5,860 |
| Federal student loans | 29% | $6,648 |
For on-campus title-IV students, average grant aid came to $24,197.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,043 |
| $30,001 – $75,000 | $16,954 |
| Over $75,000 | $26,740 |
Each figure is the net price after grants and scholarships, not the published sticker price.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $19,581 |
| Off-campus title-IV students | $19,988 |
To get a personalized net price estimate, try McMurray University’s net price tool: mcm.edu/tuition-financial-aid-scholarships/.
The median student at McMurray University graduates with $19,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,000 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at McMurray University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $38,500 |
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 | $17,203 |
| Middle income | $20,341 |
| High income | $17,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,750 |
| Continuing-generation students | $19,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,750 |
| Independent students | $20,832 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. McMurray University.
Stafford loans make up the bulk of federal direct lending to undergraduates. Below is the annual Stafford program activity at McMurray University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7146 |
| Total Stafford loan amount | $137,507,486 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 48 |
| Total GI Bill amount | $645,841 |
| Average GI Bill amount per recipient | $13,455 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 56 |
| Total DoD amount | $122,250 |
| Average DoD amount per recipient | $2,183 |
References
More about our data sources and methodologies.