by our College Data Analytics TeamThe majority of students will never be charged 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 Minnesota State College Southeast can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will MSC Southeast provide, and just what are you going to be eligible for? Read on for answers. Keep reading to see what amount of financial assistance could be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Minnesota State College Southeast.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Minnesota State College Southeast, 89% of first-time, full-time freshmen received some form of financial aid approximately 211 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $5,032 |
| Institutional grants & scholarships | 16% | $905 |
| Federal Pell grants | 47% | $4,715 |
| State/local grants | 52% | $1,822 |
| Federal student loans | 33% | $6,545 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, some 41% of undergraduates were awarded grant or scholarship aid averaging $4,935 (covering around 833 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 41% | $4,935 |
| Federal Pell grants | 25% | $3,969 |
| Federal student loans | 22% | $7,433 |
For on-campus title-IV students, average grant aid came to $5,257.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,045 |
| $30,001 – $75,000 | $14,747 |
| Over $75,000 | $18,830 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $16,140 |
| Off-campus title-IV students | $15,548 |
For a customized cost estimate, visit MSC Southeast’s NPC: www.minnstate.edu/admissions/calculator/msc-setech.html?_ga=2.154483387.2070032606.1506604427-431345235.1399052782.
The median student at MSC Southeast graduates with $9,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,500 |
| Median federal debt (graduates only) | $12,971 |
| Typical 10-year monthly payment (graduates) | $137.51/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
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 MSC Southeast.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $17,750 |
| 90th percentile (highest-debt students) | $28,080 |
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 | $10,500 |
| Middle income | $9,500 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $8,750 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,250 |
| Independent students | $11,400 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. MSC Southeast.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at MSC Southeast:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7967 |
| Total Stafford loan amount | $106,414,372 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 22 |
| Total GI Bill amount | $79,011 |
| Average GI Bill amount per recipient | $3,591 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.