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MSU Financial Aid

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Number Received Financial Aid (All Undergraduate) 23,310
Percent Received Financial Aid(All Undergraduate) 60%
Average Aid Amount $11,721
Number Received Financial Aid (Freshmen) 6,136
Percent Received Financial Aid (Freshmen) 71%

Financial Aid Information at MSU

For the academic year 2021-2022, a total of 23,310 students (60% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $11,721. For freshmen (Full-time, first-time degree-seeking undergraduate students), 6,136 students (71% of enrolled students) received financial aid.
The 2023 undergraduate tuition & fees at Michigan State University is $15,371 for Michigan residents and $41,958 for out-of-state students, for reference.

All Undergraduate Students Financial Aid

For the academic year 2021-2022, a total of 23,310 students (60% of all students) have received grants or scholarships and the average received aid amount is $11,721. It includes federal, state, local, institutional, or other sources of grant aid. The following table describes the financial aid statistics by aid types at Michigan State University for all undergraduate students.
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 aid23,31060%$11,721
Pell Grants8,51322%$5,148
Federal Student Loans15,62440%$6,554

Beginning Students Financial Aid

a total of 6,136 beginning students (71% of all freshmen) have received any financial aid and 5,746 students (67% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students. The below table shows the number and amount by the source of financial aid at Michigan State University.
Beginning Students (Freshmen) Financial Aid at Michigan State University
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid6,13671%-
Grants or Scholarship from All Sources4,90857%$12,786
Federal Grants2,56530%$5,103
Pell Grants1,89422%$5,152
Other Federal Grants1,92022%$1,735
State/Local Grants7659%$1,269
Institutional Grants4,39551%$11,079
Student Loans3,51441%$8,718
Federal Student Loans3,38339%$5,259
Other Student Loans6948%$18,510

Students Headcount by Living Status

For academic year 2021-2022, total 3,183 full-time beginning students have enrolled and attended Michigan State University. Among them, 2,969 students have lived on campus and 25 students lived off campus (without family). The following table shows the students count by living status and years.
Student Headcount by Living Location/Setting at Michigan State University
Living Status201920202021
Living On-Campus2,7673,0582,969
Living Off-Campus with Family98166189
Living Off-Campus without Family292125

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

The following table shows number of students who paid the in-state or in-district tuition rate and were awarded any grant/scholarship by income level for academic year 2021-2022 . The sources of grants and scholarship aid are the federal government, state/local government, or the institution.
Grants of Scholarship Aid Statistics By Income Level at Michigan State University
Income LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level3,5102,502$33,583,314$9,568
$0 - $30,000964961$20,917,687$21,699
$30,001 - $48,000446444$6,001,429$13,456
$48,001 - $75,000478456$3,856,905$8,069
$75,001 - $110,000463323$1,541,523$3,329
$110,001 or more1,159318$1,265,770$1,092

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