Mississippi State University Financial Aid and Scholarships
Students Receiving Aid
80%
Total Aid Amount
$135.955M
Financial Aid Official Website
www.sfa.msstate.edu
It is interesting to note that, every year, around 95% of students at MSU receive some kind of financial aid, while the total amount of assistance/loans provided is $58,853,297. Notably, a total of 32% of the applicants to Mississippi State University receive the Federal Grant every year. In comparison, 95% of the students are awarded the Student Grant, 86% get the Institution Grant, and 32% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,917, and the same stands at $2,289 for State Grant awardees and $9,969 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,831. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 51% of the applicants to Mississippi State University opt for student loans.
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