Scholarships, Grants, and Loan Trends at Millsaps

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 746, which is 98.33 % of all undergraduate students. 450 students which is 59.44% of undergraduate students received federal student loans and the average loan amount is $6,814.
For full-time, first-time beginning students (freshmen), 99.78% of students received grants or scholarships and 71% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Millsaps College since 2013.
For that period, the average number of students who received grants aid/scholarships is 746, which is 98.33 % of all undergraduate students. 450 students which is 59.44% of undergraduate students received federal student loans and the average loan amount is $6,814.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14723 (97%)$22,150146 (20%)$4,331412 (55%)$7,181
2014-15749 (98%)$23,680164 (21%)$4,271423 (55%)$7,186
2015-16745 (98%)$25,565169 (22%)$4,488439 (58%)$6,860
2016-17795 (98%)$26,973192 (24%)$4,480481 (59%)$6,896
2017-18794 (98%)$28,479225 (28%)$4,597499 (62%)$6,866
2018-19790 (99%)$29,998232 (29%)$4,987486 (61%)$6,798
2019-20770 (99%)$30,733241 (31%)$5,188456 (59%)$6,921
2020-21660 (99%)$30,727216 (32%)$4,971412 (62%)$6,643
2021-22691 (99%)$31,629240 (34%)$4,993445 (64%)$5,971
Average746 (98.33%)$27,770203 (26.78%)$4,701450 (59.44%)$6,814

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

For the last 10 years, on average, 217 (99.78 % of students) received grants or scholarships and its average amount is $30,058. It can cover 68.60% of tuition & fees ($43,815).
In addition, 154 (70.67 % of students) students get helped from the students loans (average amount : $7,263).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14170 (99%)$24,887110 (64%)$7,418
2014-15233 (99%)$26,041140 (59%)$6,941
2015-16222 (100%)$27,608159 (72%)$6,998
2016-17259 (100%)$29,468194 (75%)$7,467
2017-18229 (100%)$30,618175 (76%)$6,914
2018-19244 (100%)$31,896156 (64%)$7,396
2019-20203 (100%)$33,776142 (70%)$7,689
2020-21164 (100%)$33,563129 (79%)$8,036
2021-22231 (100%)$32,669179 (77%)$6,511
Average217 (99.78%)$30,058154 (70.67%)$7,263
*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, 72 (33.22 % of students) received Pell (federal) grants and its average amount is $4,864.
In addition, 71 students received State/local government grants/scholarships (33.00 % 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
2013-1437 (22%)$4,99932 (19%)$1,69156 (33%)$1,350170 (99%)$23,036
2014-1556 (24%)$4,05939 (17%)$1,16393 (39%)$2,120233 (99%)$24,025
2015-1663 (28%)$4,85649 (22%)$1,23870 (32%)$1,756222 (100%)$25,403
2016-1786 (33%)$4,61870 (27%)$1,20084 (32%)$2,141259 (100%)$26,915
2017-1879 (34%)$4,88077 (34%)$1,21466 (29%)$1,710229 (100%)$28,034
2018-1973 (30%)$5,16468 (28%)$1,27692 (38%)$2,287244 (100%)$29,133
2019-2090 (44%)$5,26388 (43%)$1,30766 (33%)$2,978203 (100%)$29,908
2020-2166 (40%)$5,13765 (40%)$1,27762 (38%)$2,447164 (100%)$30,064
2021-22102 (44%)$4,797100 (43%)$1,20854 (23%)$2,343231 (100%)$29,480
Average72 (33.22%)$4,86465 (30.33%)$1,28671 (33.00%)$2,126217 (99.78%)$27,333
*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, 154 (70.67 % of students) get any students loan help and its average loan amount is $154.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14110 (64%)$7,418110 (64%)$5,65913 (8%)$14,880
2014-15140 (59%)$6,941140 (59%)$6,04512 (5%)$10,451
2015-16159 (72%)$6,998159 (72%)$5,40019 (9%)$13,369
2016-17194 (75%)$7,467192 (74%)$5,64928 (11%)$13,000
2017-18175 (76%)$6,914174 (76%)$5,54621 (9%)$11,662
2018-19156 (64%)$7,396156 (64%)$5,85219 (8%)$12,679
2019-20142 (70%)$7,689142 (70%)$5,77520 (10%)$13,595
2020-21129 (79%)$8,036128 (78%)$5,40723 (14%)$14,982
2021-22179 (77%)$6,511179 (77%)$4,47926 (11%)$13,992
Average154 (70.67%)$7,263153 (70.44%)$5,53520 (9.44%)$13,179
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