by our College Data Analytics TeamMany students are not billed 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 cost of going to Mississippi College can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financing options does MC offer, and what will you qualify for? Keep scrolling for more information. Read on to find out what amount of financial assistance will be accessible 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 Mississippi College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at Mississippi College, 100% of first-time, full-time freshmen received some form of financial aid some 667 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $12,676 |
| Institutional grants & scholarships | 100% | $10,518 |
| Federal Pell grants | 37% | $2,939 |
| State/local grants | 66% | $1,468 |
| Federal student loans | 42% | $3,393 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, around 84% of undergraduate students received gift aid averaging $10,153 (among about 2286 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 84% | $10,153 |
| Federal Pell grants | 30% | $2,962 |
| Federal student loans | 35% | $4,168 |
Title-IV recipients living on campus saw average grant aid of $13,502.
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 | $18,510 |
| $30,001 – $75,000 | $20,414 |
| Over $75,000 | $23,132 |
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 | $27,712 |
| Off-campus title-IV students | $20,911 |
To get a personalized net price estimate, try MC’s online cost calculator: www.mc.edu/admissions/undergraduate/tuition/npc.
The median student at MC graduates with $17,759 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,759 |
| Median federal debt (graduates only) | $22,500 |
| Typical 10-year monthly payment (graduates) | $238.54/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure 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 MC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,250 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $35,582 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $15,750 |
| Middle income | $17,000 |
| High income | $19,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,875 |
| Continuing-generation students | $18,750 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,250 |
| Independent students | $16,225 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. MC.
Stafford loans are the federal government’s primary direct undergraduate lending program. The totals below capture Stafford lending at MC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 21238 |
| Total Stafford loan amount | $693,960,667 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 50 |
| Total GI Bill amount | $600,711 |
| Average GI Bill amount per recipient | $12,014 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 6 |
| Total DoD amount | $26,653 |
| Average DoD amount per recipient | $4,442 |
References
More about our data sources and methodologies.