by our College Data Analytics TeamThe majority of students will not be asked to pay 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 total price of attendance at McNeese State University can feel tremendous, but do not forget that almost all students receive some sort of financial help.
What financial aid options can McNeese offer you, and what will you qualify for? Keep reading for more information. 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from McNeese State University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At McNeese State University, 93% of new full-time first-years were awarded at least some aid some 983 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $9,649 |
| Institutional grants & scholarships | 44% | $4,487 |
| Federal Pell grants | 48% | $5,907 |
| State/local grants | 73% | $4,977 |
| Federal student loans | 37% | $4,742 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, around 81% of undergraduates were awarded an average grant or scholarship of $8,418 (covering around 4527 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $8,418 |
| Federal Pell grants | 35% | $5,603 |
| Federal student loans | 32% | $6,575 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $10,317.
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 | $8,355 |
| $30,001 – $75,000 | $9,805 |
| Over $75,000 | $16,559 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,493 |
| Off-campus title-IV students | $11,257 |
For an estimate tailored to your family circumstances, see McNeese’s net price tool: www.mcneese.edu/ire/net_price_calculator.
The median student at McNeese graduates with $13,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,000 |
| Median federal debt (graduates only) | $23,000 |
| Typical 10-year monthly payment (graduates) | $243.84/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at McNeese.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,168 |
| 75th percentile | $23,588 |
| 90th percentile (highest-debt students) | $38,358 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $14,450 |
| Middle income | $13,829 |
| High income | $11,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,858 |
| Continuing-generation students | $13,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,750 |
| Independent students | $19,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. McNeese.
Most undergraduate borrowing runs through the federal Stafford loan program. The totals below capture Stafford lending at McNeese:
| Metric | Value |
|---|---|
| Stafford loan recipients | 21472 |
| Total Stafford loan amount | $461,094,035 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 53 |
| Total GI Bill amount | $360,641 |
| Average GI Bill amount per recipient | $6,805 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 4 |
| Total DoD amount | $7,000 |
| Average DoD amount per recipient | $1,750 |
References
More about our data sources and methodologies.