1.  [College research](/)
2.  /
3.  [Morgan State University](/school/morgan-state-university/)
4.  /
5.  Cost & financial aid brief

Cost & financial aid brief

Copy linkPrint brief

# Morgan State University Tuition, Costs & Financial Aid

Updated October 21, 2026

[Overview](/school/morgan-state-university/)Cost & aid[Outcomes](/school/morgan-state-university/outcomes/)[Admissions](/school/morgan-state-university/admissions/)[Majors](/school/morgan-state-university/majors/)[Similar schools](/school/morgan-state-university/similar/)

**On this page**+

## How much does Morgan State University cost after financial aid?

The published cost of attendance at Morgan State University is $25,413, which includes in-state tuition and fees of $8,229 and room and board of $13,320. Out-of-state tuition and fees are $19,124.

Once grants and scholarships are applied, aid recipients pay $14,985 on average. That amount sits $917 above the $14,068 median for comparable institutions (same type and size).

Grants and scholarships lower the sticker price by $10,428 on average for aid recipients, covering about 41% of the published cost. Azimuth ranks the university #588 for affordability among nonprofit four-year institutions. That places the affordability pillar in the 58th percentile.

At Morgan State University, average [net price](/analysis/is-college-worth-it-part-1-the-net-price-illusion/) is what aid recipients pay after grants and scholarships. It ranges from $9,585 for families in the lowest income band to $21,323 for those in the highest.

Across aid recipients, the average is $14,985, which is $917 above the peer median of $14,068, the middle value for comparable institutions (same type and size). Azimuth places the affordability pillar in the 58th percentile among nonprofit four-year institutions.

Completers with federal loans have median federal student loan debt of $27,250, $6,021 above the comparable-institution median of $21,229. Higher costs for aid recipients and higher borrowing than peers point in the same direction.

[Net price](/analysis/is-college-worth-it-part-1-the-net-price-illusion/)s are lowest for aid recipients in the lowest family-income band and increase through the listed bands. Average net prices are $9,585 in the lowest band, $13,420 in the next band, $16,147 in the middle band, $19,981 in the next-highest band, and $21,323 in the highest band.

Pell Grants go to 56.5% of undergraduates, providing financial-access context for the lowest band. The spread between the lowest and highest bands is $11,738.

Average net price by family income

**$0–30K**
$9,585

**$30–48K**
$13,420

**$48–75K**
$16,147

**$75–110K**
$19,981

**$110K+**
$21,323

Averages within each income band; individual aid packages vary.

Overall average annual net price: **$14,985**. After grants and scholarships, including living costs. [Source and coverage](#cost-data-notes).

The published cost of attendance of $25,413 becomes an average [net price](/analysis/is-college-worth-it-part-1-the-net-price-illusion/) of $14,985 for aid recipients, a difference of $10,428 after grants and scholarships. Aid covers about 41% of the published cost for the average aid recipient.

Pricing differs markedly by family income: the lowest band averages $9,585, compared with $21,323 in the highest band. The middle bands fall between those figures, rather than following one common price for all aid recipients.

That pattern shows lower average net prices in the lower income bands. These are band averages, so they describe the published aid pattern rather than any family’s individual offer.

The published cost of attendance at Morgan State University is $25,413. Azimuth ranks the university #588 for affordability among nonprofit four-year institutions.

After grants and scholarships, the average [net price](/analysis/is-college-worth-it-part-1-the-net-price-illusion/) for aid recipients from families earning under $30,000 is $9,585, for those earning $48,001 to $75,000 it is $16,147, and for those earning over $110,000 it is $21,323. The spread between the lowest and highest bands is $11,738.

Aid covers about 41% of the published cost for the average aid recipient, bringing the overall average net price to $14,985. That figure is $917 above the median of $14,068 for comparable institutions (same type and size).

Borrowers who complete a degree carry a median of $27,250 in federal student loans. That is $6,021 above the peer median of $21,229.

Parents who borrow hold a separate median of $22,000 in [Parent PLUS](/analysis/ou-what-happens-when-parents-borrow-too/) loans. If repaid over ten years, the median federal student debt corresponds to an estimated payment of $310 a month.

## Student loans: what does repayment look like?

Borrowing is widespread at Morgan State University, where 89.0% of federal aid recipients take federal loans and borrowers who complete carry median federal student loan debt of $27,250. Among comparable institutions (same type and size), the peer median federal debt is $21,229, placing the university's median $6,021 above it.

For [Parent PLUS](/analysis/ou-what-happens-when-parents-borrow-too/) borrowers, a separate parent-borrower population, median borrowing is $22,000. With borrowing common and completion debt above the peer median, loans are a central part of the cost picture.

The investment picture at Morgan State University combines higher-than-expected earnings with borrowing above the level at comparable institutions. Federally aided completers who are working and not enrolled have median earnings of $62,308 four years after completion.

Azimuth places those earnings in the 58th percentile among nonprofit four-year institutions. [Earnings beyond expectations](/analysis/a-value-added-approach-to-college-outcomes/), the gap between what graduates earn and what the model expects for similar students, also looks favorable.

Graduates earn about $4,372 more than the model expects for similar students. Azimuth places this measure in the 70th percentile among nonprofit four-year institutions.

The downside, typical, and upside earnings scenarios are $48,760, $62,308, and $88,599. Median federal student loan debt is $27,250, or $6,021 above the peer median of $21,229 at comparable institutions (same type and size).

That debt corresponds to an estimated payment of $310 a month if repaid over ten years. Above-expected earnings and above-peer debt pull in opposite directions.

Parent borrowers had median [Parent PLUS](/analysis/ou-what-happens-when-parents-borrow-too/) borrowing of $22,000, a separate population from student federal-loan borrowers. For student borrowers with median federal debt, that debt corresponds to an estimated payment of $310 a month if repaid over ten years.

[Repayment figures](#combined-borrowing) are in the Financial GPS card below. [Borrowing populations and model assumptions](#cost-data-notes).

## Parent loans: what can the family afford?

[How Parent PLUS borrowing affects families](/analysis/ou-what-happens-when-parents-borrow-too/)

**Median Parent PLUS debt**
$22,000

**Estimated parent payment**
$280/mo

Modeled Parent PLUS pressure by income

| Household income | Share of income above basic expenses | Risk level |
| --- | --- | --- |
| $35,000 | No room | High pressure |
| $50,000 | No room | High pressure |
| $75,000 | 16.5% | High pressure |
| $100,000 | 7.4% | Caution |
| $150,000 | 3.5% | Safe |
| $200,000 | 2.3% | 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](/financial-gps/?tool=parent&school=morgan-state-university#parent-tool). [Read the assumptions and limits](#cost-data-notes).

## Student and parent loans: the monthly payments

Financial GPS

### What does repayment look like?

**Institution median student debt**
$27,250

**Institution Parent PLUS debt**
$22,000

Federal loans only; private or institutional loans aren’t included.

**Estimated student payment · monthly**
$310/mo

**Estimated Parent PLUS payment · monthly**
$280/mo

**Modeled student + parent payments**
$590/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 $62,308, with a $23,940 annual allowance for basic expenses:

**9.7%** of income above the allowance · Good

1.  Excellent Under 8%
2.  Good 8–under 12% · selected scenario
3.  Concerning 12–20%
4.  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.

[Read the framework and its limits](/analysis/financial-gps-framework/).

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.

[Explore your own numbers in Financial GPS](/financial-gps/?tool=student&school=morgan-state-university#student-tool)

## Data & methodology

Sources and reporting periods: [methodology](/methodology/).

Analysis and methodology by [Daniel Rogers](/about/#founder), 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](/about/).

**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](https://collegescorecard.ed.gov/data/).

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.