Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 21,555, which is 55.67 % of all undergraduate students. 16,093 students which is 41.44% of undergraduate students received federal student loans and the average loan amount is $6,762.

For full-time, first-time beginning students (freshmen), 56.22% of students received grants or scholarships and 41% 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 Michigan State University since 2013.

For that period, the average number of students who received grants aid/scholarships is 21,555, which is 55.67 % of all undergraduate students. 16,093 students which is 41.44% of undergraduate students received federal student loans and the average loan amount is $6,762.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1419,382 (51%)$9,7478,623 (23%)$4,25217,596 (46%)$7,311
2014-1519,703 (51%)$10,1418,576 (22%)$4,32917,468 (45%)$7,326
2015-1620,356 (52%)$10,5708,824 (23%)$4,36617,077 (44%)$7,061
2016-1720,507 (52%)$10,9288,525 (22%)$4,58116,791 (43%)$6,890
2017-1820,591 (53%)$11,5648,539 (22%)$4,88716,397 (42%)$6,811
2018-1921,121 (54%)$11,3668,747 (22%)$5,04516,571 (42%)$6,622
2019-2023,310 (60%)$11,7218,513 (22%)$5,14815,624 (40%)$6,554
2020-2122,589 (59%)$11,7818,290 (22%)$5,22514,182 (37%)$6,185
2021-2226,440 (69%)$10,9808,338 (22%)$5,25313,134 (34%)$6,096
Average21,555 (55.67%)$10,9788,553 (22.22%)$4,78716,093 (41.44%)$6,762
*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, 4,665 (56.22 % of students) received grants or scholarships and its average amount is $11,375. It can cover 25.83% of tuition & fees ($44,040) based on out-of-state rate.

In addition, 3,342 (40.78 % of students) students get helped from the students loans (average amount : $7,603).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-143,886 (49%)$9,9863,323 (42%)$7,041
2014-153,899 (49%)$11,1113,357 (43%)$7,075
2015-164,070 (51%)$11,4373,484 (44%)$6,805
2016-174,077 (51%)$10,9113,320 (41%)$6,993
2017-183,926 (48%)$12,4363,325 (41%)$8,129
2018-194,371 (51%)$12,2003,597 (42%)$7,803
2019-204,908 (57%)$12,7863,514 (41%)$8,718
2020-214,702 (58%)$12,8222,908 (36%)$7,721
2021-228,144 (92%)$8,6843,250 (37%)$8,138
Average4,665 (56.22%)$11,3753,342 (40.78%)$7,603
*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, 1,779 (21.56 % of students) received Pell (federal) grants and its average amount is $4,935.

In addition, 932 students received State/local government grants/scholarships (11.44 % 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
2013-141,717 (22%)$4,425851 (11%)$7821,400 (18%)$7043,452 (44%)$8,563
2014-151,691 (21%)$4,584856 (11%)$7841,146 (15%)$7363,553 (45%)$9,585
2015-161,853 (23%)$4,595933 (12%)$7141,062 (13%)$7593,696 (46%)$9,892
2016-171,560 (19%)$4,799828 (10%)$7711,400 (17%)$7923,591 (45%)$9,817
2017-181,737 (21%)$5,070913 (11%)$820674 (8%)$1,2543,692 (45%)$10,407
2018-191,923 (23%)$5,107976 (11%)$1,044846 (10%)$1,2664,093 (48%)$10,118
2019-201,894 (22%)$5,1521,920 (22%)$1,735765 (9%)$1,2694,395 (51%)$11,079
2020-211,788 (22%)$5,3222,729 (34%)$1,212672 (8%)$1,1644,381 (54%)$10,656
2021-221,847 (21%)$5,3633,357 (38%)$1,804427 (5%)$1,2948,053 (91%)$6,731
Average1,779 (21.56%)$4,9351,485 (17.78%)$1,074932 (11.44%)$1,0264,323 (52.11%)$9,650
*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, 3,342 (40.78 % of students) get any students loan help and its average loan amount is $3,342.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-143,323 (42%)$7,0413,254 (41%)$5,525332 (4%)$16,319
2014-153,357 (43%)$7,0753,308 (42%)$5,596345 (4%)$15,186
2015-163,484 (44%)$6,8053,428 (43%)$5,294357 (4%)$15,568
2016-173,320 (41%)$6,9933,256 (41%)$5,097358 (4%)$18,487
2017-183,325 (41%)$8,1293,235 (40%)$5,210588 (7%)$17,306
2018-193,597 (42%)$7,8033,511 (41%)$5,117596 (7%)$16,944
2019-203,514 (41%)$8,7183,383 (39%)$5,259694 (8%)$18,510
2020-212,908 (36%)$7,7212,783 (34%)$4,999472 (6%)$18,093
2021-223,250 (37%)$8,1383,095 (35%)$5,114539 (6%)$19,704
Average3,342 (40.78%)$7,6033,250 (39.56%)$5,246476 (5.56%)$17,346

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