Financial Aid & Scholarships
Our commitment to affordability
We believe a Millsaps education should be affordable for you. We will review your application, evaluate it according to your unique circumstances and provide personalized assistance.
Financial Resources
Financial Aid
We provide a variety of financial aid options for admitted students. In fact, 95% of our students receive some type of financial aid.
Scholarships
If you’re admitted to Millsaps, you already qualify for merit-based scholarships! We can also help you find additional scholarships to stack onto our financial aid package.
Grants, Loans & Work-Study
Our Financial Aid Office provides grants, loans and work-study funds to help offset the cost of college. We have federal, state and private solutions available.
Military Aid
Millsaps College provides military service members and veterans a wide array of financial aid as well as military benefits.
About Financial Aid
You are encouraged to apply for financial aid regardless of your family’s income level. Many factors affect eligibility, such as household income, household size and poverty level. Your offer could be made up of a combination of different types of aid, including grants, scholarships and federal work-study funds.
Even if you don’t believe you are eligible, take the time to apply for financial assistance. You might be surprised to find out assistance is available.
Need help? Call us at 601.974.1220 or email us!
For an estimate of your federal financial aid, you can use the Federal Student Aid Estimator on the Federal Student Aid website. This tool estimates the Student Aid Index (SAI) and the federal aid for which you may qualify.
Applying for Federal Financial Aid
There are two steps to applying for financial aid:
1
Request a Federal Student Aid ID (FSA ID)
You and your parent/guardian must each request an FSA ID at https://studentaid.gov/fsa-id/create-account/launch for an electronic signature on the FAFSA.
2
Submit your Free Application for Federal Student Aid (FASFA)
Submit your FAFSA at https://studentaid.gov/h/apply-for-aid/fafsa.
Millsaps School Code: 002414
To complete the FAFSA, you will need:
- Your social security number
- Your Alien Registration Number (if you are not a U.S. citizen)
- Your federal income tax returns (including schedules), W-2s and other records of money earned
- Bank statements and records of investments (if applicable)
- Records of untaxed income (if applicable)
- A Federal Student Aid ID to sign electronically.
- Millsaps School Code: 002414
If you are a dependent student, then you will also need most of the above information for your parent(s).
The priority deadline for financial aid is April 1. Most of the information required on the FAFSA will come from the prior-prior year’s tax return.
Financial Aid
Scholarships
Cost & Value
Application Links
Financial Aid Staff
Director of Financial Aid
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Associate Director of Financial Aid
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Financial Aid Coordinator
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Frequently Asked Questions
What is the average financial aid package at Millsaps College?
95% of Millsaps students receive some form of financial aid. The average net price for students receiving federal aid is approximately $26,812 per year, compared to a total cost of attendance of $62,380 (2025–26). Merit scholarships go up to $34,000 annually. Use the Net Price Calculator at millsaps.edu/admissions/cost-value/ to estimate your specific package.
How much does Millsaps College cost?
For 2025–2026, full-time tuition is $42,580 per year. With room (starting at $8,110), board ($6,260), and fees ($2,990), total cost of attendance for on-campus students is $62,380. For 2026–27, tuition is $43,640 and total COA is $63,518. Books and supplies are included through the Saps Supplies program at no extra cost. Use the Net Price Calculator to estimate costs after aid.
Does Millsaps College offer need-based financial aid?
Yes — Millsaps offers need-based aid through federal Pell Grants, the Millsaps Major Grant, Federal Supplemental Educational Opportunity Grants (FSEOG), Federal Work-Study, and federal loans. Submit the FAFSA (school code: 002414) to be considered. Mississippi residents should also apply through msfinancialaid.org. 95% of Millsaps students receive some form of financial aid.
How do I apply for financial aid at Millsaps?
Complete the Free Application for Federal Student Aid (FAFSA) at studentaid.gov using Millsaps’ school code: 002414. Mississippi residents should also complete the state application at msfinancialaid.org after October 1. Submit your FAFSA as early as possible — aid is awarded on a rolling basis. Contact Financial Aid at 601-974-1220 or [email protected] with questions.
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