$4,407

Avg. Federal Grant

$5,094

Avg. Federal Loan

$2,732,587

Total Aid Awarded

Mayville State University (MSU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

55%

Total Aid Amount Average Total Aid Awarded per year.

$2.733M

Financial Aid Official Website

www.mayvillestate.edu/paying-school/

Among them are scholarship programs such as Midwest Student Exchange Program, North Dakota Scholars Scholarship, and Western Undergraduate Exchange. As many as 94% of the students at MSU get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,447,996 in a year. The total percentage of candidates applying to Mayville State University who receive the Federal Grant is 40%. In comparison, 85% of the students are awarded the Student Grant, 75% get the Institution Grant, and 38% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,669, while the same comes to $2,055 for State Grant receivers and $2,121 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $3,942. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At Mayville State University, the percentage of candidates who opt to avail of student loans is around 59%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

35%

State Grant Aid

34%

Institution Grant Aid

83%

Pell Grant

35%

Average Aid Awarded

Federal Grant Aid

$4,407

State Grant Aid

$1,867

Institution Grant Aid

$1,744

Pell Grant

$4,020

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,660

$30,001 - $48,000

$8,790

$48,001 - $75,000

$4,284

$75,001 - $110,000

$3,155

Over $110,000

$1,454

Student Loans for Mayville State University (MSU)

Average Loan Amount Average Loan Amount received per year.

$7,685/Year

Students Taking Out Loans

76%

Loan Default Rate

10.5%

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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