Morgan State University's published cost of attendance reaches $24,778 annually, including $8,118 in-state tuition, $12,755 for room and board, and $2,000 for books and supplies. Out-of-state students pay $18,800 in tuition.
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Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
| Cost Category | Amount |
|---|---|
| Total Cost of Attendance (Sticker Price) | $24,778 |
| Tuition and Fees | $18,800 |
| Room and Board | $12,755 |
| Books and Supplies | $2,000 |
| Average Financial Aid (Grants and Scholarships) | -$9,763 |
| Average Net Price (What Families Pay) | $15,015 |
| Family Income | Net Price |
|---|---|
| $0–30k | $10,666 |
| $30–48k | $13,284 |
| $48–75k | $16,670 |
| $75–110k | $19,600 |
| $110k+ | $16,768 |
Morgan State University's published cost of attendance reaches $24,778 annually, including $8,118 in-state tuition, $12,755 for room and board, and $2,000 for books and supplies. Out-of-state students pay $18,800 in tuition. However, the average student pays significantly less after financial aid, with a net price of $15,015 representing $9,763 in financial aid savings.
This net price falls $922 below the peer median of $14,093, positioning Morgan State as moderately affordable within its comparison group. The financial aid system substantially reduces costs for most families, with the difference between sticker price and average net price demonstrating robust aid programming. Net prices vary considerably by family income, ranging from $10,666 for the lowest-income families to $19,600 for middle-high income families, then declining to $16,768 for the highest income tier.
How much students borrow and whether debt is manageable given outcomes.
Debt is moderate relative to earnings. Manageable for most graduates, but higher-debt borrowers should plan carefully.
Morgan State University graduates carry a median debt load of $27,250, significantly above the peer median of $21,105 by $6,145. Debt levels span from $9,750 at the 25th percentile to $34,389 at the 75th percentile, reflecting varied borrowing patterns across students.
The debt-to-earnings ratio of 0.54 indicates that typical graduates carry debt equal to roughly 54% of their first-year post-graduation income. This ratio suggests manageable but elevated debt burdens relative to earning potential.
Parent PLUS borrowers carry additional debt averaging $19,127 with monthly payments of $251.88. The combination of student and parent borrowing reflects the financial reality facing many families at Morgan State, where federal aid and institutional grants cover significant costs but families still require borrowing to bridge remaining gaps.
How cost compares to graduate earnings and value added.
Morgan State University presents a mixed investment profile with reasonable net costs but elevated debt levels relative to earning outcomes. Graduates earn modestly below expectations at negative $2,835 compared to similar students nationally, suggesting limited value-added performance.
However, median earnings of $50,698 exceed the peer median by $582, indicating competitive outcomes within the institution's comparison group. The debt-to-earnings ratio of 0.54 reflects above-average borrowing relative to income potential, requiring careful financial planning for loan repayment.
Low-income graduates earning $39,900 demonstrate the institution's role in economic mobility despite overall modest earnings performance. The combination of accessible admission, diverse program offerings, and reasonable net costs supports educational access, though return on investment falls below national averages.
Morgan State University demonstrates strong commitment to financial accessibility through comprehensive aid programming. With 54.4% of students receiving Pell grants, the institution serves a predominantly lower-income population compared to national averages.
The average financial aid award of $9,763 reduces costs substantially below the published price, making attendance feasible for families across income spectrums. The aid structure particularly benefits lower-income families, with those earning under $30,000 receiving aid that brings their net cost to $10,666, roughly 43% of the sticker price.
This progressive aid model aligns with Morgan State's mission as a historically black public university committed to educational access. The high Pell share indicates that federal aid plays a significant role in financing student education, supplemented by institutional and state aid programs.
