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National Application Center :: campus tours :: Michigan State University costs & financial aid

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Michigan State University

Michigan State University
426 Auditorium Road
East Lansing, MI 48824

Official telephone: (517) 355-1855
Website: www.msu.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2015 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Richard Shipman,
Director of Financial Aid
Contacting the office: 517 353-5940
517 432-1155 (fax)
finaid@msu.edu
FAFSA number: 002290

EXPENSES
Undergraduate tuition: $14,062; $37,890 out-of-state
Book fees: $1,076
Miscellaneous expenses: $2,368
Other expenses: Transportation, personal.
Combined room and board expenses: $9,734

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAN/AyesN/A

Date award notification begins: March 15
Applied for financial aid:
71% of first-year students
61% of full-time undergraduates
46% of part-time undergraduates
Determined to have financial need:
70% of first-year students
78% of full-time undergraduates
83% of part-time undergraduates
Students determined to have financial need who received any financial aid:
96% of first-year students
97% of full-time undergraduates
94% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
74% of first-year students
77% of full-time undergraduates
74% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
78% of first-year students
81% of full-time undergraduates
60% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
43% of first-year students
29% of full-time undergraduates
13% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
17% of first-year students
14% of full-time undergraduates
3% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
64% for first-year students
61% for full-time undergraduates
43% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$13,590 for first-year students
$12,914 for full-time undergraduates
$8,501 for part-time undergraduates
Average need-based gift award:
$10,723 for first-year students
$9,768 for full-time undergraduates
$7,740 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$4,027 for first-year students
$4,542 for full-time undergraduates
$4,033 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,375 for first-year students
$4,171 for full-time undergraduates
$3,910 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
9% of first-year students
8% of full-time undergraduates
5% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$9,367 for first-year students
$9,055 for full-time undergraduates
$4,527 for part-time undergraduates
Students who received a non-need-based athletic award:
1% of first-year students
1% of full-time undergraduates
0% of part-time undergraduates
Average non-need-based athletic award:
$25,583 for first-year students
$23,257 for full-time undergraduates
$9,726 for part-time undergraduates
School participates in Federal Work-Study Program: yes

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • Federal Perkins Loans
  • College/University Loans
Parent loans packaged to meet need: no
Percent of undergraduates who have borrowed through all loan programs: 43%
Average student debt upon graduation: $26,091
Types of payment plans:
  • deferred payment plan
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
  • United Negro College Fund
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • state scholarships/grants
  • academic merit scholarships/grants
  • creative arts/performance
  • special achievements/activities
  • special characteristics
  • athletic scholarships
  • ROTC scholarships

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