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How many students are received any financial aid at Michigan State University?

For the academic year 2022-2023, total 8,341 full-time, first-time students (94% 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 26,440 students (69% of all students) received grants or scholarships and the average grant amount is $10,980. In addition, 13,134 students received student loans and the average loan amount is $6,096.

Below tables show the number and amount by source of financial aid at Michigan State University.
All Undergraduate Student Financial Aid at Michigan State University
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid26,44069%$10,980
Pell Grants8,33822%$5,253
Federal Student Loans13,13434%$6,096
Beginning Students (Freshmen) Financial Aid at Michigan State University
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid8,34194%-
Grants or Scholarship from All Sources8,14492%$8,684
Federal Grants3,36538%$4,744
Pell Grants1,84721%$5,363
Other Federal Grants3,35738%$1,804
State/Local Grants4275%$1,294
Institutional Grants8,05391%$6,731
Student Loans3,25037%$8,138
Federal Student Loans3,09535%$5,114
Other Student Loans5396%$19,704

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.

Know more about MSU

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