How MSU's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Michigan State University since 2011.

For that period, the average number of students who received grants aid/scholarships is 21,163, which is 55.09 % of all undergraduate students. 16,493 students which is 42.91% of undergraduate students received federal student loans and the average loan amount is $6,861.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2011-12	19,394 (53%)	$8,859	9,189 (25%)	$4,151	18,482 (51%)	$7,319
2012-13	19,403 (52%)	$8,979	8,916 (24%)	$4,152	18,099 (48%)	$7,296
2013-14	19,382 (51%)	$9,747	8,623 (23%)	$4,252	17,596 (46%)	$7,311
2014-15	19,703 (51%)	$10,141	8,576 (22%)	$4,329	17,468 (45%)	$7,326
2015-16	20,356 (52%)	$10,570	8,824 (23%)	$4,366	17,077 (44%)	$7,061
2016-17	20,507 (52%)	$10,928	8,525 (22%)	$4,581	16,791 (43%)	$6,890
2017-18	20,591 (53%)	$11,564	8,539 (22%)	$4,887	16,397 (42%)	$6,811
2018-19	21,121 (54%)	$11,366	8,747 (22%)	$5,045	16,571 (42%)	$6,622
2019-20	23,310 (60%)	$11,721	8,513 (22%)	$5,148	15,624 (40%)	$6,554
2020-21	22,589 (59%)	$11,781	8,290 (22%)	$5,225	14,182 (37%)	$6,185
2021-22	26,440 (69%)	$10,980	8,338 (22%)	$5,253	13,134 (34%)	$6,096
Average	21,163 (55.09%)	$10,603	8,644 (22.64%)	$4,672	16,493 (42.91%)	$6,861

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 12 years, on average, 4,468 (54.09 % of students) received grants or scholarships and its average amount is $11,032. It can cover 25.44% of tuition & fees ($43,372) based on out-of-state rate.

In addition, 3,396 (41.55 % of students) students get helped from the students loans (average amount : $7,448).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2011-12	3,605 (46%)	$9,427	3,708 (47%)	$6,555
2012-13	3,563 (43%)	$9,553	3,571 (43%)	$6,949
2013-14	3,886 (49%)	$9,986	3,323 (42%)	$7,041
2014-15	3,899 (49%)	$11,111	3,357 (43%)	$7,075
2015-16	4,070 (51%)	$11,437	3,484 (44%)	$6,805
2016-17	4,077 (51%)	$10,911	3,320 (41%)	$6,993
2017-18	3,926 (48%)	$12,436	3,325 (41%)	$8,129
2018-19	4,371 (51%)	$12,200	3,597 (42%)	$7,803
2019-20	4,908 (57%)	$12,786	3,514 (41%)	$8,718
2020-21	4,702 (58%)	$12,822	2,908 (36%)	$7,721
2021-22	8,144 (92%)	$8,684	3,250 (37%)	$8,138
Average	4,468 (54.09%)	$11,032	3,396 (41.55%)	$7,448

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 12 years, on average, 1,786 (21.73 % of students) received Pell (federal) grants and its average amount is $4,821.

In addition, 981 students received State/local government grants/scholarships (12.09 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2011-12	1,871 (24%)	$4,315	896 (11%)	$1,115	1,199 (15%)	$655	3,202 (41%)	$7,534
2012-13	1,766 (21%)	$4,299	832 (10%)	$836	1,196 (15%)	$677	3,187 (39%)	$7,826
2013-14	1,717 (22%)	$4,425	851 (11%)	$782	1,400 (18%)	$704	3,452 (44%)	$8,563
2014-15	1,691 (21%)	$4,584	856 (11%)	$784	1,146 (15%)	$736	3,553 (45%)	$9,585
2015-16	1,853 (23%)	$4,595	933 (12%)	$714	1,062 (13%)	$759	3,696 (46%)	$9,892
2016-17	1,560 (19%)	$4,799	828 (10%)	$771	1,400 (17%)	$792	3,591 (45%)	$9,817
2017-18	1,737 (21%)	$5,070	913 (11%)	$820	674 (8%)	$1,254	3,692 (45%)	$10,407
2018-19	1,923 (23%)	$5,107	976 (11%)	$1,044	846 (10%)	$1,266	4,093 (48%)	$10,118
2019-20	1,894 (22%)	$5,152	1,920 (22%)	$1,735	765 (9%)	$1,269	4,395 (51%)	$11,079
2020-21	1,788 (22%)	$5,322	2,729 (34%)	$1,212	672 (8%)	$1,164	4,381 (54%)	$10,656
2021-22	1,847 (21%)	$5,363	3,357 (38%)	$1,804	427 (5%)	$1,294	8,053 (91%)	$6,731
Average	1,786 (21.73%)	$4,821	1,372 (16.45%)	$1,056	981 (12.09%)	$961	4,118 (49.91%)	$9,292

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 12 years, on average, 3,396 (41.55 % of students) get any students loan help and its average loan amount is $3,396.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2011-12	3,708 (47%)	$6,555	3,673 (47%)	$5,521	309 (4%)	$13,036
2012-13	3,571 (43%)	$6,949	3,510 (43%)	$5,548	373 (5%)	$14,322
2013-14	3,323 (42%)	$7,041	3,254 (41%)	$5,525	332 (4%)	$16,319
2014-15	3,357 (43%)	$7,075	3,308 (42%)	$5,596	345 (4%)	$15,186
2015-16	3,484 (44%)	$6,805	3,428 (43%)	$5,294	357 (4%)	$15,568
2016-17	3,320 (41%)	$6,993	3,256 (41%)	$5,097	358 (4%)	$18,487
2017-18	3,325 (41%)	$8,129	3,235 (40%)	$5,210	588 (7%)	$17,306
2018-19	3,597 (42%)	$7,803	3,511 (41%)	$5,117	596 (7%)	$16,944
2019-20	3,514 (41%)	$8,718	3,383 (39%)	$5,259	694 (8%)	$18,510
2020-21	2,908 (36%)	$7,721	2,783 (34%)	$4,999	472 (6%)	$18,093
2021-22	3,250 (37%)	$8,138	3,095 (35%)	$5,114	539 (6%)	$19,704
Average	3,396 (41.55%)	$7,448	3,312 (40.55%)	$5,298	451 (5.36%)	$16,680

Scholarships, Grants, and Loan Trends at MSU

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

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