The financial aid department of Frostburg State University helps students by assisting them with scholarships, grants, and student loans in the event that they find the fees and the cost of living at the campus to be expensive. The average financial aid at Frostburg State University is around $3,179 and the federal grant is $4,990. The students at the university are provided with state aid and institutional aid. The state aid stands at $4,358, while the institutional aid is $3,179. At FSU, the total amount of need-based scholarships/grants awarded to students stands at $15,935,573 per year. On the other hand, the total non-need-based scholarships/grants offered in a year add up to $4,678,662.