by our College Data Analytics TeamThe majority of students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at University of Mississippi can sound overpowering, but remember that the majority of students get some type of financial assistance.
Just what financial assistance solutions will Ole Miss deliver, and just what are you going to be eligible for? Read on for answers. Keep going to find out what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from University of Mississippi.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
Among first-time, full-time freshmen at University of Mississippi, 83% of the incoming full-time class was awarded financial aid some 4322 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $12,455 |
| Institutional grants & scholarships | 68% | $10,869 |
| Federal Pell grants | 20% | $5,930 |
| State/local grants | 21% | $2,795 |
| Federal student loans | 33% | $5,222 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, around 72% of undergraduates were awarded an average grant or scholarship of $12,887 (covering around 13806 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 72% | $12,887 |
| Federal Pell grants | 22% | $5,951 |
| Federal student loans | 37% | $5,407 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $15,346.
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 | $8,445 |
| $30,001 – $75,000 | $12,189 |
| Over $75,000 | $20,242 |
Each figure is the net price after grants and scholarships, not the published sticker price.
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 | $13,314 |
| Off-campus title-IV students | $13,164 |
For a customized cost estimate, visit Ole Miss’s net price calculator: finaid.olemiss.edu/calculator/.
The median federal debt load at Ole Miss comes to $15,250 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,250 |
| Median federal debt (graduates only) | $20,000 |
| Typical 10-year monthly payment (graduates) | $212.03/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Looking only at the median can be misleading because it hides the spread. The four reference points below map the debt distribution at Ole Miss.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,500 |
| 75th percentile | $25,500 |
| 90th percentile (highest-debt students) | $32,986 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $16,500 |
| Middle income | $15,000 |
| High income | $15,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,088 |
| Continuing-generation students | $15,750 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $17,711 |
These indicators are derived from the underlying debt data and summarize the overall picture at Ole Miss.
The Stafford loan program is the largest source of federal direct loans to undergraduates. The aggregate figures below show how active the program is at Ole Miss:
| Metric | Value |
|---|---|
| Stafford loan recipients | 54878 |
| Total Stafford loan amount | $1,519,472,078 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 408 |
| Total GI Bill amount | $3,302,831 |
| Average GI Bill amount per recipient | $8,095 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 31 |
| Total DoD amount | $110,250 |
| Average DoD amount per recipient | $3,556 |
References
More about our data sources and methodologies.