Scholarships, Grants, and Loan Trends at Murray State

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,758, which is 77.89 % of all undergraduate students. 1,146 students which is 51.11% of undergraduate students received federal student loans and the average loan amount is $5,234.
For full-time, first-time beginning students (freshmen), 81.00% of students received grants or scholarships and 59% 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 Murray State College since 2013.
For that period, the average number of students who received grants aid/scholarships is 1,758, which is 77.89 % of all undergraduate students. 1,146 students which is 51.11% of undergraduate students received federal student loans and the average loan amount is $5,234.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,924 (82%)$6,6891,154 (49%)$3,681775 (33%)$6,531
2014-151,857 (81%)$4,5301,152 (50%)$3,6851,103 (48%)$5,991
2015-161,950 (82%)$5,1161,056 (44%)$3,7381,094 (46%)$6,543
2016-171,957 (82%)$5,2451,034 (43%)$3,6331,246 (52%)$8,955
2017-181,497 (65%)$5,577954 (42%)$3,7761,311 (57%)$3,424
2018-191,374 (64%)$4,629937 (44%)$3,8321,211 (56%)$2,711
2019-201,127 (54%)$5,668750 (36%)$3,9791,330 (64%)$4,047
2020-211,999 (92%)$6,800754 (35%)$3,8161,908 (88%)$2,793
2021-222,138 (99%)$5,850646 (30%)$4,979339 (16%)$6,109
Average1,758 (77.89%)$5,567937 (41.44%)$3,9021,146 (51.11%)$5,234

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

For the last 10 years, on average, 309 (81.00 % of students) received grants or scholarships and its average amount is $6,607. It can cover 61.01% of tuition & fees ($10,830) based on out-of-state rate.
In addition, 239 (59.11 % of students) students get helped from the students loans (average amount : $4,349).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14308 (70%)$5,431104 (24%)$4,825
2014-15371 (74%)$6,081264 (53%)$4,805
2015-16410 (79%)$6,043311 (60%)$5,363
2016-17360 (80%)$6,370325 (73%)$5,142
2017-18292 (65%)$6,186297 (66%)$2,235
2018-19333 (88%)$7,514293 (77%)$1,860
2019-20288 (82%)$6,720243 (69%)$4,967
2020-21327 (91%)$7,000278 (77%)$4,317
2021-2296 (100%)$8,12032 (33%)$5,623
Average309 (81.00%)$6,607239 (59.11%)$4,349
*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, 216 (54.89 % of students) received Pell (federal) grants and its average amount is $4,405.
In addition, 127 students received State/local government grants/scholarships (32.33 % 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
2013-14202 (46%)$4,29428 (6%)$557117 (27%)$2,535131 (30%)$3,764
2014-15286 (57%)$4,12823 (5%)$574158 (31%)$2,427159 (32%)$4,268
2015-16302 (58%)$4,07233 (6%)$600155 (30%)$2,310363 (70%)$2,397
2016-17258 (58%)$4,08435 (8%)$523148 (33%)$3,140183 (41%)$4,134
2017-18210 (47%)$4,32821 (5%)$54399 (22%)$3,187144 (32%)$3,962
2018-19238 (63%)$4,17951 (13%)$436233 (61%)$3,474173 (46%)$3,906
2019-20190 (54%)$4,60953 (15%)$555105 (30%)$2,738186 (53%)$3,993
2020-21200 (55%)$4,409275 (76%)$1,15696 (27%)$3,146189 (52%)$4,166
2021-2254 (56%)$5,53995 (99%)$1,12829 (30%)$3,94337 (39%)$6,996
Average216 (54.89%)$4,40568 (25.89%)$675127 (32.33%)$2,989174 (43.89%)$4,176
*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, 239 (59.11 % of students) get any students loan help and its average loan amount is $239.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14104 (24%)$4,825103 (23%)$4,7912 (0%)$4,188
2014-15264 (53%)$4,805263 (52%)$4,7711 (0%)$13,606
2015-16311 (60%)$5,363311 (60%)$5,3461 (0%)$5,450
2016-17325 (73%)$5,142324 (72%)$5,0802 (0%)$12,750
2017-18297 (66%)$2,235296 (66%)$2,1635 (1%)$4,747
2018-19293 (77%)$1,860291 (77%)$1,7885 (1%)$4,954
2019-20243 (69%)$4,967240 (68%)$4,9953 (1%)$2,727
2020-21278 (77%)$4,317277 (77%)$4,2633 (1%)$6,371
2021-2232 (33%)$5,62332 (33%)$5,4312 (2%)$3,069
Average239 (59.11%)$4,349237 (58.67%)$4,2923 (1.20%)$6,429
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