How Much Financial Aid is Offered?
Morehouse College's standard financial aid offer for new first year students is $25,132. Approximately 76.0% of new students get financial aid, the majority of which is scholarships and grants.
Financial aid helps decrease the cost, or the "sticker" price of the institution. However, bear in mind that the only real college discount are scholarships & grants.
A loan is not a true college discount, but rather an additional cost consideration. See how much student loan debt from Morehouse you could end up taking on.
How Much Is Available in Grants & Scholarships?
The stats below refer to aid that is given by Morehouse College.
52.0% of new students (318 total) were given scholarships at Morehouse College, averaging $18,868 a piece. This puts it in the top 20th percentile of all schools in the nation.
291 first year students got a grant. A total of 48.0% of Morehouse first years received grants with an average of $5,593 a piece.
The graph below shows the typical amount of grant and scholarship aid given to all freshmen.
Grants are typically based on need while scholarships are merit-based.
Financial Aid per Family Income
The table following demonstrates scholarship and grant allocations by income for first year students getting any sort of federal Title IV assistance, such as Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||15.1%||$8,945|
Title IV aid features loans, grants, or work-study granted by the federal government generally based on need. Learn more here.
The Typical Undergrad Who Gets a Scholarship or Grant Will Get $20,103
Of the 2,108 undergraduate students at Morehouse College around 76.0% (1,599 total) receive some form of grant aid. The standard amount granted was $20,103.
Financial Aid Links from Morehouse College
|Financial Aid Department Website||www.morehouse.edu/financial_aid/|
|Net Price Calculator||morehouse.studentaidcalculator.com/survey.aspx|