Student Loans for Michigan State University Students

About Michigan State University

Michigan State University StudentsMSU is both historic and enormous. It boasts some pioneering academic programs and elite athletic programs, and the largest study abroad program of any single-campus university in the country. Those are some pretty cool facts, so we’ll elaborate: MSU has the top-ranking nuclear physics program in the country, the Spartans are historically strong on the basketball court and the gridiron, and the university has over 200 programs in more than 60 countries worldwide (including Antarctica, which is crazy). More than 36,000 undergrads attend MSU, which is a crazy number – even crazier is the living alumni base of over 442,000 MSU grads across the globe.

Budgeting while you’re receiving MSU aid can be somewhat tricky. You want to make sure you allocate yourself enough room in your budget to allow room for small, somewhat random personal spending (late night food, weekend supplies, etc.) but you also don’t want to let yourself spend more money than you can afford to. Be sure you leave room in your budget for student tickets to basketball and football games (season tickets for basketball will be about $170, football will be about $140), and a little space for concessions when you’re there.

Applying

This can be really simple, even though we know the financial aid application process can seem very daunting. In reality, though, applying for MSU aid can be a breeze. All you really need to do is file the Free Application for Federal Student Aid (FAFSA), and once that’s finished up, you’ll receive your financial aid package with your next tuition bill.

MSU Student Loans

Most every financial aid package will include a healthy blend of scholarships, work-study programs, grants from the university, and student loans, and this is what you’re likely to see in your MSU aid package. The federal student loans that are included in many MSU financial aid packages will be sufficient for most students, but for a chunk of the undergrad population at MSU, the funding through the university’s financial aid program does not fully

cover their financial need. For these students, private student loans are a good way to cover the financial gap between aid received and the total cost of attendance. You don’t want to take out just any private student loan, though, so to ensure that you borrow responsibly, check out our student loan comparison tool on this page to search, compare, and apply for the student loan that’s right for you.

Pay for Michigan State University*

Total Avg. Cost $20,994
Tuition $10,913
Room & Board $9,575
Financial Aid Information
Students Receiving Fin Aid 85%
Typical Grant Amounts
State/Local $2,293
Federal $4,654
%Receiving Loans 47%
Avg. Other Stud. Loans $11,431
%Receiving Other Loans 6%

Get into Michigan State University

Admission Rate 72%
Total Enrollment 47,071
Men 47%
Women 53%
Graduation Rate 77%
Application Fee $35

Contact Michigan State University

Address
Michigan State University
East Lansing, MI 48824-1046(517) 355-1855
Financial Aid Office URL
http://www.finaid.msu.edu
Admissions Office URL
http://www.admissions.msu.edu

*Data source is the Integrated Postsecondary Education Data System (IPEDS) the data collection program for the National Center for Education Statistics

 

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