by our College Data Analytics TeamMany 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 price tag of going to Minnesota State University Moorhead can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial aid solutions can MSU Moorhead provide, and just what are you going to be eligible for? Keep reading for answers. Scroll down 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. Continue reading to find information to help you understand just how much assistance you can expect to receive from Minnesota State University Moorhead.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At Minnesota State University Moorhead, 94% of the incoming full-time class was awarded financial aid approximately 566 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 91% | $6,446 |
| Institutional grants & scholarships | 84% | $2,942 |
| Federal Pell grants | 30% | $5,499 |
| State/local grants | 34% | $4,604 |
| Federal student loans | 60% | $5,345 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At MSU Moorhead, some 67% of undergraduates were awarded grant or scholarship aid averaging $6,740 (across roughly 2287 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 67% | $6,740 |
| Federal Pell grants | 28% | $4,761 |
| Federal student loans | 48% | $6,526 |
On-campus students receiving title-IV aid were awarded grants averaging $7,200.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,128 |
| $30,001 – $75,000 | $14,019 |
| Over $75,000 | $20,753 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $17,997 |
| Off-campus title-IV students | $17,816 |
For a personalized estimate based on your family’s financial situation, use MSU Moorhead’s net price tool: www.mnstate.edu/cost-aid/net-price-calculator/.
A typical borrower at MSU Moorhead leaves with $15,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,000 |
| Median federal debt (graduates only) | $20,000 |
| Typical 10-year monthly payment (graduates) | $212.03/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
The numbers below show the full range, not just the middle of the distribution. These percentiles trace how cumulative federal debt is spread among borrowers at MSU Moorhead.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,000 |
| 25th percentile | $7,839 |
| 75th percentile | $26,055 |
| 90th percentile (highest-debt students) | $32,060 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $14,000 |
| Middle income | $15,420 |
| High income | $15,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,000 |
| Continuing-generation students | $15,000 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $16,342 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. MSU Moorhead.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at MSU Moorhead:
| Metric | Value |
|---|---|
| Stafford loan recipients | 23342 |
| Total Stafford loan amount | $409,832,454 |
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.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 49 |
| Total GI Bill amount | $339,426 |
| Average GI Bill amount per recipient | $6,927 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 37 |
| Total DoD amount | $119,750 |
| Average DoD amount per recipient | $3,236 |
References
More about our data sources and methodologies.