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What UMN Morris Fin Aid Are You Eligible For?

Many students attending University of Minnesota - Morris can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.

What financial aid options does UMN Morris offer, and what will you qualify for? Keep scrolling for answers.

Here you’ll Discover:

What Amount of Financial Aid is Available for First Time Students at UMN Morris?

$13,459.00 is the typical University of Minnesota - Morris’s first year financial aid package. Approximately 98% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.

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Lowering the Cost of College

Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.

College Loans at University of Minnesota - Morris

Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at University of Minnesota - Morris.

How Much UMN Morris Aid Is Available That I Won’t Have to Repay

Institutional scholarships and grants are financial aid awards given by colleges and universities to help students manage tuition costs and other education-related expenses. These awards, which do not need to be repaid, can be classified as merit-based or need-based. Students who excel academically, possess unique talents, or have specific skills can be eligible for merit-based institutional scholarships. Factors such as high school performance, standardized test scores, or participation in extracurricular activities often contribute to eligibility for these scholarships. Need-based institutional grants, on the other hand, are awarded to students who demonstrate financial need. The amount given is generally based on the student’s family’s financial situation, aiming to cover the gap between the cost of attendance and the family’s capacity to pay. To assess a student’s eligibility for need-based grants, colleges and universities may rely on information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants are essential for students, as they can substantially lower college expenses and make higher education more affordable.

The numbers listed below make reference to help that is offered by University of Minnesota - Morris.

95% of incoming freshmen (301 total) were awarded scholarships at University of Minnesota - Morris, averaging $8,397.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.

As well as scholarships, 47% of freshmen (149 total) obtained a federal grant, for about $5,447.00 a piece.

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How Income Level Affects Financial Aid

The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.

Income LevelPercent of FreshmanAverage Assistance
Income 0-30k8.49%$20,695.00
Income 30k-48k10.38%$22,406.00
Income 48k-75k11.64%$17,945.00
Income 75k-110k11.64%$10,188.00
Income 110k +16.35%$6,369.00

Title IV Aid

The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.

The Average Undergraduate Who Gets a Grant or Scholarship Will Get $13,459.00.

305 UMN Morris undergrads obtain grant aid (this is about 98% of the entire undergraduate student population). The average amount these students receive is $13,459.00.

Exploring the Cost Breakdown of Tuition and Fees?

Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.

Notes and References

References

More about our data sources and methodologies.

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