by our College Data Analytics TeamThe majority of students are not billed 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 sum total of attendance at Midwestern State University can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial assistance options will MSU Texas offer you, and what will you qualify for? Read on for more information. Keep reading to find out what amount of financial assistance will be accessible to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Midwestern 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. However, some types of aid are more desirable than others, and some students will receive more than others.
For freshmen starting at Midwestern State University, 96% of the incoming full-time class was awarded financial aid around 755 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $11,037 |
| Institutional grants & scholarships | 68% | $6,211 |
| Federal Pell grants | 58% | $5,881 |
| State/local grants | 51% | $5,010 |
| Federal student loans | 50% | $5,028 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Across the undergraduate body at MSU Texas, approximately 84% of undergraduate students received gift aid averaging $8,874 (across roughly 3787 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $8,874 |
| Federal Pell grants | 41% | $5,505 |
| Federal student loans | 40% | $6,416 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $10,996.
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 | $9,702 |
| $30,001 – $75,000 | $10,573 |
| Over $75,000 | $18,071 |
Remember these are net prices — what families pay after gift aid, not before.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $11,656 |
| Off-campus title-IV students | $11,882 |
For an estimate tailored to your family circumstances, see MSU Texas’s online cost calculator: www.msutexas.edu/finaid/net-price.
A typical borrower at MSU Texas leaves with $13,051 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,051 |
| Median federal debt (graduates only) | $21,030 |
| Typical 10-year monthly payment (graduates) | $222.95/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at MSU Texas.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $33,750 |
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 | $13,000 |
| Middle income | $12,500 |
| High income | $14,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,533 |
| Continuing-generation students | $13,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,500 |
| Independent students | $15,000 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. MSU Texas.
The Stafford loan program is the largest source of federal direct loans to undergraduates. These figures summarize annual Stafford program activity at MSU Texas:
| Metric | Value |
|---|---|
| Stafford loan recipients | 20023 |
| Total Stafford loan amount | $413,995,377 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 297 |
| Total GI Bill amount | $1,070,532 |
| Average GI Bill amount per recipient | $3,604 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 9 |
| Total DoD amount | $22,253 |
| Average DoD amount per recipient | $2,473 |
References
More about our data sources and methodologies.