by our College Data Analytics TeamA large number of students are not billed 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 Milwaukee School of Engineering can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can MSOE offer you, and what will you qualify for? Keep reading for more information. Keep going to discover what amount of financial assistance could be accessible to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at Milwaukee School of Engineering.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at Milwaukee School of Engineering, 100% of first-year full-time students received aid of some kind around 671 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $36,997 |
| Institutional grants & scholarships | 100% | $34,258 |
| Federal Pell grants | 27% | $5,403 |
| State/local grants | 29% | $4,158 |
| Federal student loans | 58% | $5,148 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Across the undergraduate body at MSOE, approximately 98% of the undergraduate population received grant aid that averaged $33,602 (across roughly 2626 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $33,602 |
| Federal Pell grants | 24% | $5,165 |
| Federal student loans | 56% | $6,373 |
For on-campus title-IV students, average grant aid came to $40,195.
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 | $15,118 |
| $30,001 – $75,000 | $16,549 |
| Over $75,000 | $28,756 |
Remember these are net prices — what families pay after gift aid, not before.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,453 |
| Off-campus title-IV students | $24,021 |
For a customized cost estimate, visit MSOE’s net price calculator: www.msoe.edu/admissions-aid/financial-aid-scholarships/financial-aid-basics/financial-aid-estimator/.
The median federal debt load at MSOE comes to $24,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $24,500 |
| Median federal debt (graduates only) | $27,000 |
| Typical 10-year monthly payment (graduates) | $286.24/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at MSOE.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,000 |
| 75th percentile | $30,910 |
| 90th percentile (highest-debt students) | $39,352 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $24,500 |
| Middle income | $25,000 |
| High income | $24,146 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $24,628 |
| Continuing-generation students | $24,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $24,186 |
| Independent students | $25,000 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. MSOE.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at MSOE:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7928 |
| Total Stafford loan amount | $141,598,881 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 43 |
| Total GI Bill amount | $884,043 |
| Average GI Bill amount per recipient | $20,559 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $8,000 |
| Average DoD amount per recipient | $4,000 |
References
More about our data sources and methodologies.