by our College Data Analytics TeamThe majority of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Minot State University can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financing options does MSU offer, and what will you qualify for? Keep scrolling for more information. Keep scrolling to learn what amount of financial assistance will be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Continue reading to find information to help you understand just how much assistance you can expect to receive from Minot State University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
At Minot State University, 95% of entering full-time freshmen got some type of financial assistance around 336 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $6,016 |
| Institutional grants & scholarships | 83% | $2,992 |
| Federal Pell grants | 34% | $5,000 |
| State/local grants | 45% | $2,486 |
| Federal student loans | 48% | $4,934 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At this school, around 73% of undergraduates were awarded an average grant or scholarship of $5,528 (for some 1809 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $5,528 |
| Federal Pell grants | 24% | $4,863 |
| Federal student loans | 36% | $6,289 |
Title-IV recipients living on campus saw average grant aid of $6,636.
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 | $8,852 |
| $30,001 – $75,000 | $10,428 |
| Over $75,000 | $15,029 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,703 |
| Off-campus title-IV students | $12,514 |
For an estimate tailored to your family circumstances, see MSU’s online cost calculator: www.minotstateu.edu/finaid/npcalc.htm.
The median student at MSU graduates with $11,980 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,980 |
| Median federal debt (graduates only) | $19,609 |
| Typical 10-year monthly payment (graduates) | $207.89/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at MSU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,400 |
| 75th percentile | $21,200 |
| 90th percentile (highest-debt students) | $31,000 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $10,500 |
| Middle income | $12,000 |
| High income | $12,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $11,492 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,500 |
| Independent students | $12,500 |
A handful of calculated indicators summarize the debt outlook at MSU.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at MSU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9442 |
| Total Stafford loan amount | $148,081,233 |
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 | 95 |
| Total GI Bill amount | $567,451 |
| Average GI Bill amount per recipient | $5,973 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 206 |
| Total DoD amount | $326,690 |
| Average DoD amount per recipient | $1,586 |
References
More about our data sources and methodologies.