For the academic year 2022-2023, total 271 full-time, first-time students (100% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 819 students (99% of all students) received grants or scholarships and the average grant amount is $21,522. In addition, 533 students received student loans and the average loan amount is $6,263.
Below tables show the number and amount by source of financial aid at McPherson College.
For all undergraduate students, total 819 students (99% of all students) received grants or scholarships and the average grant amount is $21,522. In addition, 533 students received student loans and the average loan amount is $6,263.
Below tables show the number and amount by source of financial aid at McPherson College.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 819 | 99% | $21,522 |
| Pell Grants | 277 | 33% | $4,649 |
| Federal Student Loans | 533 | 64% | $6,263 |
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 271 | 100% | - |
| Grants or Scholarship from All Sources | 271 | 100% | $21,916 |
| Federal Grants | 111 | 41% | $4,872 |
| Pell Grants | 110 | 41% | $4,537 |
| Other Federal Grants | 111 | 41% | $375 |
| State/Local Grants | 48 | 18% | $3,296 |
| Institutional Grants | 271 | 100% | $19,337 |
| Student Loans | 187 | 69% | $6,501 |
| Federal Student Loans | 186 | 69% | $5,233 |
| Other Student Loans | 18 | 7% | $13,468 |
What is the Financial aid?
Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.
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