by our College Data Analytics TeamA lot of students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Morehouse College can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
Just what financing solutions does Morehouse provide, and just what are you going to be eligible for? Keep scrolling for answers. Scroll down to find out how much school funding will be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Morehouse College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Morehouse College, 92% of first-year full-time students received aid of some kind roughly 628 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 80% | $15,488 |
| Institutional grants & scholarships | 63% | $12,790 |
| Federal Pell grants | 48% | $6,034 |
| State/local grants | 21% | $5,248 |
| Federal student loans | 60% | $5,591 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. Here, roughly 77% of undergraduate students received gift aid averaging $19,731 (across approximately 2095 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 77% | $19,731 |
| Federal Pell grants | 45% | $5,720 |
| Federal student loans | 57% | $6,816 |
Title-IV recipients living on campus saw average grant aid of $12,420.
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 | $33,071 |
| $30,001 – $75,000 | $35,240 |
| Over $75,000 | $39,275 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $39,013 |
| Off-campus title-IV students | $35,949 |
To get a personalized net price estimate, try Morehouse’s official net price calculator: morehouse.clearcostcalculator.com/student/default/netpricecalculator/survey.
The median student at Morehouse graduates with $18,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,500 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at Morehouse.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $9,500 |
| 75th percentile | $29,000 |
| 90th percentile (highest-debt students) | $37,500 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $20,000 |
| Middle income | $18,500 |
| High income | $16,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $17,500 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,250 |
| Independent students | $29,250 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Morehouse.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at Morehouse:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14122 |
| Total Stafford loan amount | $310,931,370 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 70 |
| Total GI Bill amount | $1,064,946 |
| Average GI Bill amount per recipient | $15,214 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $7,000 |
| Average DoD amount per recipient | $3,500 |
References
More about our data sources and methodologies.