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 cost of going to Morgan State University can seem overwhelming, but bear in mind that many students are given some form of financial aid.
Just what financial assistance solutions will Morgan State deliver, and just what are you going to be eligible for? Read on for answers. Keep going to see what amount of financial assistance could 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. Read on to get a sense of the financial assistance available at Morgan State University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Morgan State University, 99% of first-year full-time students received aid of some kind around 2249 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $10,827 |
| Institutional grants & scholarships | 92% | $5,777 |
| Federal Pell grants | 64% | $5,910 |
| State/local grants | 22% | $5,337 |
| Federal student loans | 71% | $5,628 |
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, some 88% of undergraduate students received gift aid averaging $9,858 (across roughly 7343 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $9,858 |
| Federal Pell grants | 57% | $5,792 |
| Federal student loans | 65% | $6,460 |
For on-campus title-IV students, average grant aid came to $10,428.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $11,888 |
| $30,001 – $75,000 | $14,966 |
| Over $75,000 | $17,715 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $14,985 |
| Off-campus title-IV students | $15,015 |
For a personalized estimate based on your family’s financial situation, use Morgan State’s NPC: www.morgan.edu/netpricecalc/.
The median student at Morgan State graduates with $19,500 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $27,250 |
| Typical 10-year monthly payment (graduates) | $288.9/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Looking only at the median can be misleading because it hides the spread. These percentiles trace how cumulative federal debt is spread among borrowers at Morgan State.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $9,750 |
| 75th percentile | $34,389 |
| 90th percentile (highest-debt students) | $47,523 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $20,578 |
| Middle income | $19,000 |
| High income | $17,682 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,150 |
| Continuing-generation students | $19,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,500 |
| Independent students | $23,790 |
These indicators are derived from the underlying debt data and summarize the overall picture at Morgan State.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at Morgan State:
| Metric | Value |
|---|---|
| Stafford loan recipients | 38724 |
| Total Stafford loan amount | $1,004,864,067 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 216 |
| Total GI Bill amount | $683,080 |
| Average GI Bill amount per recipient | $3,162 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 154 |
| Total DoD amount | $490,084 |
| Average DoD amount per recipient | $3,182 |
References
More about our data sources and methodologies.