by Carol Sandoval

Minority Serving Institutions come in all shapes, sizes, and types. One main difference amongst MSIs is whether they classify as private or public MSIs. This small detail dictates the funding sources, class size, cost of attendance, etc. of the institution. Private schools are known for having smaller class sizes and greater tuition compared to their public counterparts. However, often times, they have greater funding resources to make college more affordable for their students. In today’s Monday Morning MSI Line Up, we highlight 8 private Minority Serving Institutions with financial aid that covers more than 50% of tuition, according to the Integrated Postsecondary Education Data System.*

*All data is based on information for 2014-15 full-time beginning undergraduate students.

1) St. John’s University, New York (AANAPISI)—Queens, NY

Undergraduate Tuition: $38,680

Average Amount of Aid Received in Grants/Scholarships: $24,362

Average Percentage of Tuition Covered: 63.0%

2) Salish Kootenai College (TCU)—Pablo, MT

Undergraduate Tuition: $4,191 (in-district)

Average Amount of Aid Received in Grants/Scholarships: $4,841

Average Percentage of Tuition Covered: More than 100%!

3) Rust College (HBCU)—Holly Springs, MS

Undergraduate Tuition: $9,286

Average Amount of Aid Received in Grants/Scholarships: $5,836

Average Percentage of Tuition Covered: 62.8%

 4) Philander Smith College (HBCU)—Little Rock, AR

Undergraduate Tuition: $12,564

Average Amount of Aid Received in Grants/Scholarships: $10,507

Average Percentage of Tuition Covered: 83.6%

5) University of Southern California (AANAPISI)—Los Angeles, CA

Undergraduate Tuition: $48,280

Average Amount of Aid Received in Grants/Scholarships: $33,178

Average Percentage of Tuition Covered: 68.7%

6) St. Thomas University (HSI)—Miami Gardens, FL

Undergraduate Tuition: $27,150

Average Amount of Aid Received in Grants/Scholarships: $16,111

Average Percentage of Tuition Covered: 59.3%

7) Martin University (PBI)—Indianapolis, IN

Undergraduate Tuition: $11,960

Average Amount of Aid Received in Grants/Scholarships: $10,975

Average Percentage of Tuition Covered: 91.8%

8) St. Augustine’s University (HBCU)—Raleigh, NC

Undergraduate Tuition: $17,890

Average Amount of Aid Received in Grants/Scholarships: $10,507

Average Percentage of Tuition Covered: 58.7%

 

Know more information about other private MSIs? Share in the comments below!