In case the students at Morgan State University face any financial issues concerning the fees and cost of living, and find the same to be high, they can seek help from the financial aid department of the varsity. It focuses on settling the issues that students face, and candidates can be assisted with scholarships, grants, and student loans. The average financial aid at Morgan State University is around $5,528 and the federal grant is $5,885. The university provides financial assistance in the form of state-level aid worth $3,468 and institutional aid worth $5,528. At MSU, the total amount of need-based scholarships/grants awarded to students stands at $2,344,313 per year. On the other hand, the total non-need-based scholarships/grants offered in a year add up to $5,947,530.