Cost & financial aid brief
Alcorn State University Tuition, Costs & Financial Aid
How much does Alcorn State University cost after financial aid?
Aid covers about 44% of the published cost for the average aid recipient, leaving a sticker-to-net gap of $10,486. The pattern across income bands is relatively flat: the average net price moves from $12,613 in the lowest band to $17,620 in the highest, a spread of $5,007.
That narrow range means the net price a family faces does not increase steeply with income. The figures are averages within each band; an individual aid package depends on a family's specific circumstances.
The published cost of attendance at Alcorn State University is $23,751. Azimuth ranks the university #456 for affordability among nonprofit four-year institutions.
After grants and scholarships, the average net price—what aid recipients actually pay—is $12,613 for families earning under $30,000, $16,296 for those earning $48,001 to $75,000, and $17,620 for those earning over $110,000. The spread between the lowest and highest bands is $5,007.
Aid reduces the published cost by an average of $10,486 for aid recipients. The average net price across all aid recipients is $13,265, which is $803 below the $14,068 median for comparable institutions (same type and size).
In-state tuition and fees are $8,785, and out-of-state tuition and fees are $8,785. Borrowers who finish carry a median of $27,000 in federal student loans.
That is $5,771 above the $21,229 peer median for comparable institutions. 88.5% of federal aid recipients take federal loans.
Parents who borrow hold a separate median of $13,000 in Parent PLUS loans. If repaid over ten years, the median federal student debt corresponds to an estimated payment of $307 a month.
Student loans: what does repayment look like?
Borrowers who complete a degree at Alcorn State University leave with a median of $27,000 in federal student loans. That median is $5,771 above the $21,229 figure for comparable institutions (same type and size).
Most undergraduates borrow: the federal-loan share is 88.5%. That share covers students who take any federal loan during their time enrolled.
Parents who borrow through the Parent PLUS program hold a separate median of $13,000.
The median earnings for federally aided completers at Alcorn State University who are working and not enrolled are $45,495, at the 10th percentile among nonprofit four-year institutions. That amount is $11,806 below the $57,301 median for comparable institutions (same type and size).
Graduates earn about $10,391 less than expects for similar students. The gap sits at the 18th percentile.
The program mix yields earnings scenarios from $39,118 on the low end to $81,076 on the high end. The typical earnings scenario is $45,495.
Borrowers who finish carry a median of $27,000 in federal loans, $5,771 above the median for comparable institutions (same type and size). That debt corresponds to an estimated payment of $307 a month if repaid over ten years.
For the separate population of parent borrowers, median Parent PLUS borrowing is $13,000. For student borrowers, the median federal debt corresponds to an estimated payment of $307 a month if repaid over ten years.
Repayment figures are in the Financial GPS card below. Borrowing populations and model assumptions.
Parent loans: what can the family afford?
How Parent PLUS borrowing affects families
- Median Parent PLUS debt
- $13,000
- Estimated parent payment
- $165/mo
| Household income | Share of income above basic expenses | Risk level |
|---|---|---|
| $35,000 | No room | High pressure |
| $50,000 | No room | High pressure |
| $75,000 | 9.7% | Caution |
| $100,000 | 4.4% | Safe |
| $150,000 | 2.1% | Safe |
| $200,000 | 1.4% | Safe |
The 10-year payment on the median Parent PLUS balance, as a share of household income above basic expenses ($54,640 a year: 200% of the 2026 federal poverty guideline for a household of three). No room is High pressure. Open the parent tool for your own numbers. Read the assumptions and limits.
Student and parent loans: the monthly payments
Financial GPS
What does repayment look like?
- Institution median student debt
- $27,000
- Institution Parent PLUS debt
- $13,000
Federal loans only; private or institutional loans aren’t included.
- Estimated student payment · monthly
- $307/mo
- Estimated Parent PLUS payment · monthly
- $165/mo
- Modeled student + parent payments
- $472/mo
Payments use school-wide median balances, not a specific major’s.
Student payment as a share of available income
At median graduate earnings of $45,495, with a $23,940 annual allowance for basic expenses:
17.1% of income above the allowance · Concerning
- Excellent Under 8%
- Good 8–under 12%
- Concerning 12–20% · selected scenario
- High risk Over 20%
How this estimate works
These are modeled earnings scenarios, not observed earnings percentiles. Annual student payments ÷ (earnings − basic-expense allowance). The starting allowance, $23,940, uses the published framework’s 2026 baseline; it is not a current local living-cost estimate. Change it for your budget, including taxes and other obligations. This combines school-level figures for illustration, not a typical individual’s budget or an official school rating. Parent PLUS is separate.
Payment assumptions
Payments are 10-year standard payments on the median balance, before loan fees, used as a yardstick. Rates for newly issued loans may differ, and loans made after July 1, 2026 can repay over a longer term; existing loans keep their original fixed rates.
Data & methodology
Sources and reporting periods: methodology.
Analysis and methodology by Daniel Rogers, founder of College Azimuth.
Explanatory text is AI-assisted drafting checked against those figures; it is not an additional data source.
Figure notes link to sources and limitations. About College Azimuth.
Net price and borrowing. The 2023–24 income-band averages include living costs and cover eligible first-time, full-time aid recipients; public-school figures reflect in-state tuition. They are not individual aid offers. Peer matching supplies overall net prices, not matched income-band averages. College Scorecard data and documentation.
A personal student-risk assessment also needs your major and borrowing plan; these school-level illustrations do not assign you a personal risk zone.
Payments are 10-year standard payments on the median balance, before loan fees, used as a yardstick. Rates for newly issued loans may differ, and loans made after July 1, 2026 can repay over a longer term; existing loans keep their original fixed rates. Private-loan figures from the Common Data Set are separate from these federal repayment illustrations.