by our College Data Analytics TeamMost 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 price tag of going to Morehead State University can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financing options does Morehead State University offer, and what will you qualify for? Keep scrolling for more information. Keep scrolling to see what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Morehead State University.
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 Morehead State University, 99% of first-year full-time students received aid of some kind approximately 1206 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $11,976 |
| Institutional grants & scholarships | 71% | $6,689 |
| Federal Pell grants | 56% | $5,626 |
| State/local grants | 80% | $4,546 |
| Federal student loans | 58% | $4,462 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, some 83% of undergraduate students received gift aid averaging $8,391 (among about 6724 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $8,391 |
| Federal Pell grants | 30% | $5,570 |
| Federal student loans | 34% | $5,551 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $12,168.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $7,416 |
| $30,001 – $75,000 | $8,437 |
| Over $75,000 | $14,014 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $9,793 |
| Off-campus title-IV students | $10,089 |
For an estimate tailored to your family circumstances, see Morehead State University’s online cost calculator: [tcc.ruffalonl.com/Morehead State University/NPC](https://tcc.ruffalonl.com/Morehead State University/NPC).
Graduating students at Morehead State University carry a median federal student debt of $14,705 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,705 |
| Median federal debt (graduates only) | $22,250 |
| Typical 10-year monthly payment (graduates) | $235.89/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Morehead State University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,250 |
| 25th percentile | $6,250 |
| 75th percentile | $26,423 |
| 90th percentile (highest-debt students) | $36,396 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $14,250 |
| Middle income | $15,250 |
| High income | $14,957 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,755 |
| Continuing-generation students | $14,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,000 |
| Independent students | $17,476 |
These indicators are derived from the underlying debt data and summarize the overall picture at Morehead State University.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Morehead State University:
| Metric | Value |
|---|---|
| Stafford loan recipients | 32365 |
| Total Stafford loan amount | $689,768,496 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 43 |
| Total GI Bill amount | $271,456 |
| Average GI Bill amount per recipient | $6,313 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $3,250 |
| Average DoD amount per recipient | $1,625 |
References
More about our data sources and methodologies.