$4,311

Avg. Federal Grant

$5,661

Avg. Federal Loan

$49,070,874

Total Aid Awarded

Messiah College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

97%

Total Aid Amount Average Total Aid Awarded per year.

$49.071M

Financial Aid Official Website

www.messiah.edu/info/21085/financial_aid

It is interesting to note that almost every student at MU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $11,728,869. For additional information about financial assistance schemes, one can head over to MU’s financial aid page at http://www.messiah.edu/info/21085/financial_aid. Notably, a total of 25% of the applicants to Messiah University receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 23% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,216, the State Grant receivers and Institution Grant beneficiaries get $3,281 and $18,068, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,255. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $24,327 per year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $25,171, while those falling in the $48,001-$75,000 income category get $22,800 a year. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $18,398. And, for those with a family income of more than $110,000, the amount stands at $15,417. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 MU, an estimated number of 71% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

26%

State Grant Aid

32%

Institution Grant Aid

100%

Pell Grant

24%

Average Aid Awarded

Federal Grant Aid

$4,311

State Grant Aid

$3,460

Institution Grant Aid

$17,177

Pell Grant

$3,961

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$26,384

$30,001 - $48,000

$24,841

$48,001 - $75,000

$23,639

$75,001 - $110,000

$20,654

Over $110,000

$15,658

Student Loans for Messiah College

Average Loan Amount Average Loan Amount received per year.

$9,365/Year

Students Taking Out Loans

72%

Loan Default Rate

1.6%

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