by our College Data Analytics TeamMany students attending Millsaps College can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
What amount of Millsaps financial assistance will actually be available to you?Get answers to your questions here.
$33,776.00 is the typical Millsaps College’s first year financial aid package. 100% of first-year students are awarded financial aid, primarily comprising grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
We feel that loan debt ought to be regarded as a consequence instead of true financial aid. Learn more on student loan debt at Millsaps College.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
100% of new students (203 total) were offered scholarships at Millsaps College, averaging $29,908.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 44% of first-year students (90 total) got a federal grant, for about $6,542.00 per person.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 20.69% | $39,695.00 |
| Income 30k-48k | 15.76% | $38,997.00 |
| Income 48k-75k | 10.84% | $34,230.00 |
| Income 75k-110k | 10.34% | $31,210.00 |
| Income 110k + | 21.18% | $29,041.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
100% of the 203 undergraduates at Millsaps College receive some sort of grant aid. This is a total of about 203 students getting an average of $33,776.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.
