by our College Data Analytics TeamThe majority of students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The price tag of going to Medical University of South Carolina can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
Just what financing solutions does MUSC deliver, and just what are you going to be eligible for? Keep scrolling for answers. Read on to learn how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from Medical University of South Carolina.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At MUSC, about 43% of undergraduates were awarded an average grant or scholarship of $7,913 (covering around 120 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 43% | $7,913 |
| Federal Pell grants | 11% | $5,606 |
| Federal student loans | 61% | $7,480 |
The middle student in the debt distribution at MUSC owes $13,021 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,021 |
| Median federal debt (graduates only) | $15,000 |
| Typical 10-year monthly payment (graduates) | $159.02/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The percentiles below describe the cumulative federal debt distribution for borrowers at MUSC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,000 |
| 25th percentile | $2,500 |
| 75th percentile | $12,500 |
| 90th percentile (highest-debt students) | $23,962 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $15,500 |
| Middle income | $12,771 |
| High income | $10,554 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $15,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,300 |
| Independent students | $15,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at MUSC.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at MUSC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9870 |
| Total Stafford loan amount | $756,021,365 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 77 |
| Total GI Bill amount | $1,583,951 |
| Average GI Bill amount per recipient | $20,571 |
References
More about our data sources and methodologies.