Morehouse College: Cost, Admission Odds And Payoff
- Morehouse admitted 2,883 of 5,510 first-year applicants for fall 2023, and 24% of the students it admitted enrolled.
- Students receiving financial aid paid an average of $38,655 a year after grants, against a sticker price of $52,456.
- 83% of the class of 2023 took out student loans.
Is Morehouse Worth It? The College Investor Rating
| Family | What They Pay | Grade |
|---|---|---|
| Overall | F | |
| Low-Income Families | Average $32,302 a year | F |
| Middle-Income Families | Average $37,342 a year | F |
| High-Income Families | $52,456 a year | D |
How Hard Is It To Get Into Morehouse?
Morehouse accepted 52% of first-year applicants for fall 2023: 2,883 admits from 5,510 applications. 682 of those students enrolled, a yield of 24%.
- Median ACT Composite: 20
What Morehouse Weighs In Admissions
Morehouse rates course rigor, academic GPA, recommendations, character, volunteer work and level of interest as very important. Demonstrated interest counts, so campus visits and contact with admissions can help. Alumni relationships are considered.
Very Important
Important
Considered
Not Considered
What Will Morehouse Actually Cost Your Family?
The average Morehouse student receiving financial aid paid $38,655 a year after grants.
That's against a sticker price of $52,456 a year. The difference between sticker price and net price comes down to why colleges can't just cut their prices.
| Total Borrowed Over Four Years | $0 |
| Within Federal Student Loan Limits | $0 |
| Beyond Federal Student Loan Limits | $0 |
| Monthly Student Loan Payment, 10-Year Plan | $0 |
| Expected Pay In Your Major | $0 |
How Morehouse Meets Financial Need
Morehouse didn't report how much of students' demonstrated financial need it meets. In 2023-2024, 1,848 of Morehouse's 2,372 full-time undergraduates had financial need, and their average need-based grant was $20,586. Morehouse determines financial need with the FAFSA, so how your assets are counted affects what you pay. Morehouse awards essentially no merit scholarships.
Grants made up 86% of Morehouse's need-based financial aid in 2023-2024. The rest came from student jobs, including Federal Work-Study, and $5,892,578 in student loans.
| Source | Need-Based | Not Need-Based |
|---|---|---|
| Morehouse Grants | $24,867,337 | $1,312,401 |
| Federal Grants | $7,653,763 | $0 |
| State Grants | $2,008,552 | $0 |
| Outside Scholarships | $1,059,219 | $0 |
| Student Jobs And Work-Study | $118,828 | $0 |
| Student Loans | $5,892,578 | $12,669,627 |
| Parent Loans, Including Parent PLUS | $0 | $26,871,192 |
| Measure | All Undergrads | First Year |
|---|---|---|
| Students With Financial Need | 1,848 | 546 |
| Average Need-Based Grant | $20,586 | $19,150 |
| Average Financial Aid Package | $24,139 | $23,095 |
| Average Student Loan | $6,994 | $7,950 |
| Students Without Financial Need Receiving Merit Scholarships | 19 | 8 |
Does A Morehouse Degree Pay Off?
Generally, no. That's why Morehouse earns .
Morehouse students earn a median of $62,169 ten years after starting college, and 74% out-earn a typical high school graduate. 62% take out federal student loans, and the typical borrower leaves owing $24,500, about 39% of one year's pay. Earnings still depend heavily on major: Economics graduates earned a median of $84,816 four years after graduating, compared with $34,866 for Biology graduates.
Who Borrowed In The Class Of 2023
284 of Morehouse's 342 bachelor's graduates in 2023 left with student loan debt. The 62 graduates who used private student loans averaged $45,150.
| Student Loan Type | Borrowers | Share Of Class | Average Debt |
|---|---|---|---|
| Any Student Loan | 284 | 83% | Not reported |
| Federal Student Loans | 280 | 82% | Not reported |
| Private Student Loans | 62 | 18% | $45,150 |
How We Graded Morehouse
The overall grade weighs payoff, price, graduation and student debt. Price counts what low-income families pay (5 points), what middle-income families pay (10 points) and the sticker price high-income families pay (10 points). Each income grade swaps in that family's price alone.
Grade Checks
Financial Aid Check
Morehouse didn't report the share of financial need it meets, so we can't run this check.
Financial Health Check
No federal heightened cash monitoring and no closure, merger or financial exigency announcements.
Earnings Floor
74% of students out-earn a typical high school graduate. Schools where most don't are capped at a D.
Morehouse In The News
More For Morehouse Applicants
Compare Morehouse With Similar Schools
Sources And Methodology
The College Investor Rating scores every four-year college from 0 to 100 on payoff (30%), price (25%), graduation (20%) and student debt (25%) using U.S. Department of Education College Scorecard data. An earnings floor and a financial health check can cap the grade at D, and a financial aid check flags concerns without changing it. Price is judged on its own, without earnings. The grade measures financial return for families, not teaching quality, campus life or a school's mission.
Notes On The Data
- Low-income families earn under $48,000. Middle-income families earn $48,000 to $110,000. Their prices are federal averages for first-time, full-time students who received financial aid.
- High-income families are those who get no grant aid, so they pay the sticker price (cost of attendance).
- Paying full price is the share of undergraduates who received no grant aid from any source in 2022-23, from the Education Department's IPEDS survey. The chance of merit aid divides merit scholarship recipients by full-time undergraduates without financial need, from the Common Data Set.
- Earnings by major are medians four years after graduation. Majors with too few graduates for the government to report earnings are left out. Debt by major is median federal student loan debt among borrowers.
- Admissions, financial aid and class of 2023 student loan figures come from the Morehouse Common Data Set 2023-2024. Student loan debt at graduation excludes Parent PLUS and other parent loans, and students who transferred in.
- The calculator uses federal net price averages. Borrowing up to the $27,000 federal limit for dependent undergraduates uses the 2026-27 undergraduate rate of 6.52%, and anything above it uses the 9.07% Parent PLUS rate. Parent PLUS loans are capped at $20,000 a year and $65,000 per student. See all federal student loan interest rates. Morehouse's own net price calculator gives a personal figure, and College Aid Pro can compare costs across schools.
Data years: Earnings follow students who started college in 2011-12 and 2012-13, measured 10 years later. Net price and borrowing rates are for 2024-25. Graduation rates follow students who started in fall 2019. Median debt covers borrowers who left school in fiscal 2024 and 2025. Full-price shares are for 2022-23.
Work at Morehouse? If a figure looks wrong, send us the source and our editors will review it.
Sources: Morehouse Common Data Set 2023-2024. U.S. Department of Education College Scorecard, data updated November 2, 2026. News from The College Investor.