Scholarships, Grants, and Loan Trends at Morehouse

-6%

Received Percent Changed

-$1,318

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 1,759, which is 78.33 % of all undergraduate students. 1,476 students which is 65.78% of undergraduate students received federal student loans and the average loan amount is $6,478.

For full-time, first-time beginning students (freshmen), 81.22% of students received grants or scholarships and 70% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Morehouse College since 2014.

For that period, the average number of students who received grants aid/scholarships is 1,759, which is 78.33 % of all undergraduate students. 1,476 students which is 65.78% of undergraduate students received federal student loans and the average loan amount is $6,478.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,750 (83%)$19,8511,040 (49%)$4,6971,490 (71%)$7,404
2015-161,705 (80%)$19,9951,044 (49%)$4,7821,571 (73%)$6,930
2016-171,599 (76%)$20,1031,017 (48%)$4,8951,437 (68%)$7,597
2017-181,681 (76%)$10,3491,056 (48%)$2,5001,392 (63%)$3,554
2018-191,713 (78%)$20,2911,064 (48%)$5,0051,454 (66%)$6,651
2019-201,709 (76%)$19,5571,069 (48%)$5,2961,761 (79%)$6,959
2020-211,867 (87%)$16,509997 (46%)$5,3501,167 (54%)$6,009
2021-221,834 (72%)$17,8631,106 (43%)$4,8301,480 (58%)$6,477
2022-231,969 (77%)$18,5331,138 (44%)$5,1501,533 (60%)$6,725
Average1,759 (78.33%)$18,1171,059 (47.00%)$4,7231,476 (65.78%)$6,478
*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.

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

For the last 10 years, on average, 478 (81.22 % of students) received grants or scholarships and its average amount is $15,718. It can cover 47.79% of tuition & fees ($32,893).

In addition, 410 (69.67 % of students) students get helped from the students loans (average amount : $7,466).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15451 (84%)$19,021396 (73%)$7,625
2015-16491 (86%)$16,475479 (84%)$7,618
2016-17462 (76%)$17,318452 (74%)$7,814
2017-18502 (81%)$9,522432 (70%)$4,328
2018-19487 (81%)$20,025371 (61%)$6,911
2019-20432 (77%)$17,948461 (82%)$8,010
2020-21432 (84%)$14,936292 (57%)$7,281
2021-22491 (79%)$13,577388 (63%)$8,374
2022-23556 (83%)$12,643422 (63%)$9,230
Average478 (81.22%)$15,718410 (69.67%)$7,466
*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 10 years, on average, 300 (51.11 % of students) received Pell (federal) grants and its average amount is $4,857.

In addition, 144 students received State/local government grants/scholarships (24.56 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15280 (52%)$4,64067 (12%)$1,839101 (19%)$2,689377 (70%)$18,261
2015-16327 (57%)$4,94859 (10%)$3,737145 (25%)$2,600369 (64%)$15,917
2016-17291 (48%)$5,02342 (7%)$3,952128 (21%)$2,916318 (52%)$18,868
2017-18321 (52%)$2,53332 (5%)$2,000112 (18%)$1,881368 (60%)$10,033
2018-19295 (49%)$5,09068 (11%)$3,897140 (23%)$3,150321 (53%)$23,504
2019-20293 (52%)$5,42062 (11%)$3,968146 (26%)$3,616279 (50%)$19,324
2020-21287 (56%)$5,20468 (13%)$3,958220 (43%)$2,214271 (53%)$15,507
2021-22293 (47%)$5,33582 (13%)$3,554144 (23%)$3,985333 (54%)$12,727
2022-23313 (47%)$5,52260 (9%)$3,759156 (23%)$4,129403 (60%)$10,996
Average300 (51.11%)$4,85760 (10.11%)$3,407144 (24.56%)$3,020338 (57.33%)$16,126
*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 10 years, on average, 410 (69.67 % of students) get any students loan help and its average loan amount is $410.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15396 (73%)$7,625392 (73%)$6,61822 (4%)$19,326
2015-16479 (84%)$7,618477 (83%)$6,12033 (6%)$22,117
2016-17452 (74%)$7,814450 (74%)$6,73424 (4%)$20,905
2017-18432 (70%)$4,328421 (68%)$3,28037 (6%)$13,217
2018-19371 (61%)$6,911360 (60%)$5,76346 (8%)$10,631
2019-20461 (82%)$8,010454 (81%)$5,89447 (8%)$21,633
2020-21292 (57%)$7,281267 (52%)$6,14825 (5%)$19,383
2021-22388 (63%)$8,374380 (61%)$5,62248 (8%)$23,183
2022-23422 (63%)$9,230398 (59%)$5,47561 (9%)$28,135
Average410 (69.67%)$7,466400 (67.89%)$5,73938 (6.44%)$19,837

Ratings & Review

Share your experiences and thoughts about Morehouse College. It will be a great help to applicants and prospective students!