Cost and Aid

Cost of Attending 2018-19

Financial Aid

McMurry offers many forms of financial aid, such as University scholarships, state grants, federal grants, outside scholarships and work-study opportunities. Over 82% of students receive some type of financial assistance, and this year McMurry distributed over $10 million in financial aid.

Our package of financial aid for students represents the best and most equitable award we can make, based on the information you and your family submit, the completion date of the file, academic performance and the availability of funds.

For more detailed information, visit Financial Aid.

Scholarships and Grants

University Scholarships

• Merit Scholarships: $5,000–$15,000 per year (awarded based on high school GPA and SAT/ACT scores)

• Band/Chanters/Art Scholarships: up to $2,500 per year

• Transfer Scholarships: $8,000–$12,000 per year (awarded based on GPA as well as financial need)

Honors Program Scholarships

• Students accepted into the Honors Program receive scholarships ranging from $15,000 per year to full tuition.

• Phi Theta Kappa (for transfer students): $13,000 per year

Departmental Scholarships

• Departmental scholarships are awarded for outstanding achievements each year.

Methodist Scholarships

• Scholarships ranging from $1,000–$3,000 are available for students who are active members of a Methodist Church.

Endowed Scholarships

• Students may apply for endowed scholarships during the spring of their freshman, sophomore and junior years.These scholarships will take effect the following academic year. Endowed scholarships are funded by generous supporters of McMurry and range from $100–$5,000.

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Athletic Scholarships

• As a Division III University, according to NCAA rules, McMurry does not offer scholarships based on athletic participation or abilities.

Texas State Grants

• Texas Equalization Grant (TEG): up to $3,364 per year

Work-Study Opportunities

On-campus work-study positions are offered for students who qualify through federal and state work-study and the McMurry work program. Work-study is a taxable wage paid directly to the student and averages 10 hours per week.

Federal Aid and Loans

Federal Grants

• Pell: up to $5,920

• SEOG (zero EFC): up to $1,000

• TEACH: up to $4,000

Direct Stafford Loans

• Subsidized Loan, Freshman Level: $3,500

• Subsidized Loan, Sophomore Level: $4,500

• Subsidized Loan, Junior/Senior Level: $5,500

• Unsubsidized Loan: $2,000

• Parent PLUS Loan: approved on credit

Other Options

Additional Loans

Additional state and private loan opportunities are available for students. Visit the Texas Higher Education Coordinating Board and ELMSelect to learn more.

Additional Private Scholarships

Students should ask their high school counselors for local scholarship opportunities and visit the following sites for other private scholarships: Fastweb, Sallie Mae and Unigo.