Murray State University
Murray, KY 42071-3318 — Public
Value Score: 85/100 | ROI Score: 13 | Affordability Score: 90/100
Tuition (In-State): $9,900 | Out-of-State: $19,836
Acceptance Rate: 85.7% | Graduation Rate: 60.4% | Retention Rate: 75.6%
Median Earnings (10yr): $44,737 | Median Debt: $20,500
SAT Average: 1133 | ACT Midpoint: 24
Student Body Size: 6,688 (medium)
Pell Grant Recipients: 33.3% | Federal Loan Rate: 35.4%
Average Faculty Salary: $7,855/month
Tuition & Affordability Analysis
In-state tuition at Murray State University is $9,900 per year, which is 10% below the national average for public institutions.
Out-of-state students pay $19,836/year — a premium of $9,936 over in-state rates. Over four years, out-of-state students pay approximately $39,744 more than their in-state peers.
Estimated four-year tuition cost: $39,600 (tuition only, not including room, board, and fees).
What You Actually Pay: Net Price by Family Income
The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at Murray State University:
- Families earning $0–$30,000: $6,242/year
- Families earning $30,001–$48,000: $6,347/year
- Families earning $48,001–$75,000: $8,104/year
- Families earning $75,001–$110,000: $12,811/year
- Families earning $110,000+: $15,450/year
Low-income families receive an average discount of $3,658/year, paying just 63% of the sticker price.
Admissions Snapshot
Murray State University has an acceptance rate of 85.7%, placing it in the Open Admission (85%+) category. This means roughly 1,951 students apply each year.
Murray State University accepts the majority of applicants, making it an accessible option for students across a range of academic backgrounds.
The average SAT score of admitted students is 1133, 7% above the national average. This is within the mid-range nationally.
The ACT midpoint is 24, 14% above the national average.
Graduate Outcomes & Return on Investment
60.4% of students at Murray State University complete their degree, near the national average. This is a solid graduation rate.
First-year retention rate: 75.6% (7% below the national average). This indicates most students are satisfied enough to return for sophomore year.
Graduates of Murray State University earn a median salary of $44,737 ten years after enrollment, 9% above the national average. This represents a $9,737/year earnings premium over the average high school diploma holder, or $292,110 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $20,500, 5% below the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $222/month, with a total repayment of $26,640 (including $6,140 in interest).
Debt-to-Earnings Ratio: 0.46x. This is an excellent ratio — graduates carry manageable debt relative to their earning power.
Breakeven Point: Based on the earnings premium over high school graduates, a degree from Murray State University pays for itself in approximately 5 years. This is an excellent return on investment.
Financial Aid Profile
33.3% of students at Murray State University receive Pell Grants (federal need-based aid for families earning under ~$60,000), near the national average. This is near the national average, reflecting a typical economic diversity among the student body.
35.4% of students take federal loans, 25% below the national average. This is a moderate borrowing rate.
Average faculty salary: $7,855/month, 10% below the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Murray State University enrolls 6,688 undergraduate students. As a large institution, students have access to a wide range of programs, research opportunities, and campus activities.
Diversity Index: 38/100 (higher = more diverse). The student body is less diverse than average.
Student body composition: White 78%, Hispanic 4%, Black 6%, Asian 1%.
Murray State University: Medium-sized public university with strong academic outcomes and high value.
- Murray State: Affordable Education, Solid Futures
- Unlock Your Potential: Career Success Starts at Murray State
- Experience the Racer Spirit: Value, Community, and Opportunity at Murray State
Report Card: Overall Grade C
Murray State University receives an overall grade of C based on six dimensions:
- Academics: D+
- Value: D
- Outcomes: C
- Affordability: B
College Analysis
Murray State University is a Public institution in Murray, KY with approximately 6,688 students. Academics: Strong graduation rate of 60.39%. Value: High affordability score of 90, indicating good value for money. Outcomes: Median earnings 10 years post-graduation are $44,737.
The Verdict: Is Murray State University Worth It?
Murray State University presents a compelling case for value, especially for in-state students. With an in-state tuition of $9,900 and a median 10-year earning potential of $44,737, the return on investment (ROI) score of 13 suggests a solid financial outcome. The median debt of $20,500 is also relatively modest. Based on these figures, a graduate could potentially pay off their student loan debt within 3-4 years of graduation, assuming a reasonable portion of their income is allocated to debt repayment. Compared to the national average for public universities, Murray State offers a more affordable pathway to a degree with respectable earning potential. For out-of-state students, the tuition doubles, making the ROI less pronounced, but still potentially worthwhile depending on the specific program and career path. Overall, Murray State appears to be a good deal, particularly for Kentucky residents, offering a strong balance between cost and post-graduation earnings. It's a hidden gem for those seeking an affordable, quality education with a clear path to financial stability.
Return on Investment
The degree is worth the cost given the strong academic outcomes and low median debt, making it a good investment.
Debt Reality Check
Median student debt at Murray State University: $20,500. Monthly payment on a standard 10-year plan: $233/month. Total repaid: $27,960 ($7,460 in interest).
Breakeven vs high school diploma: 1.4 years. Debt burden: Manageable. Salary needed for comfortable repayment: $27,960.
Strengths
- Strong graduation rate and good academic outcomes.
- High affordability and low median debt.
Weaknesses
- Lower percentage of Asian and Hispanic students compared to other institutions.
- Graduation rate is below the national average for private universities.
Academic Profile
SAT Average: 1133. ACT Midpoint: 24. Retention Rate: 75.6%.
Murray State University boasts a solid academic foundation, particularly recognized for its strengths in areas like education, business, and nursing. The College of Education and Human Services is a long-standing pillar, preparing many of the region's educators. The Arthur J. Bauernfeind College of Business offers robust programs in finance, marketing, and accounting, often featuring internship opportunities with local and regional companies. The School of Nursing and Health Professions is highly regarded, providing essential training for healthcare professionals. While specific research opportunities for undergraduates might vary by department, faculty are generally accessible and encourage student involvement. The university emphasizes a student-centered approach, with a reported student-faculty ratio that suggests ample opportunity for personalized attention, though specific data is not provided. The Honors Program offers a more challenging academic path for high-achieving students, providing enriched coursework and a close-knit community within the larger university. Murray State also facilitates study abroad experiences, allowing students to broaden their horizons academically and culturally. Academic support is readily available through resources like the Academic Success Center, which offers tutoring, academic advising, and workshops designed to help students succeed in their coursework.
Financial Aid Guide for Murray State University
Pell Grant recipients: 33.3%. Students taking federal loans: 35.4%.
Navigating financial aid at Murray State University involves understanding the mix of merit-based and need-based aid available. As a public institution, in-state students benefit from lower tuition rates, with the $9,900 annual cost being a significant starting point. Out-of-state students face a higher sticker price of $19,836. Murray State offers a range of scholarships, many of which are merit-based and awarded automatically upon admission based on academic achievements like GPA and ACT scores (though specific score ranges are not provided). Students should actively seek out departmental scholarships, which are often tied to specific majors and can provide additional funding. Need-based aid, determined by the FAFSA, is crucial for many students. Federal Pell Grants and state grants can significantly reduce the net cost of attendance for eligible families. Work-study opportunities are also available, allowing students to earn money through part-time campus jobs. Typical aid packages can vary widely, but for students with demonstrated financial need, grants and scholarships could potentially cover a substantial portion of tuition and fees. While Murray State is generally not known for extensive aid negotiation, especially for merit aid which is often formulaic, students facing unique financial circumstances should contact the Office of Financial Aid to discuss their situation. It's essential to file the FAFSA early to maximize eligibility for all types of aid.
Hidden Costs at Murray State University
- Room and board costs can range from approximately $8,000 to $11,000 annually, depending on the chosen meal plan and housing type.
- Textbooks and course materials can add an estimated $1,000 to $1,500 per academic year.
- Mandatory student fees, often not fully covered by financial aid, can total around $1,000 to $1,500 per year for various campus services and facilities.
- Transportation costs, including gas, car maintenance, or bus passes, can vary but budget at least $500-$1,000 annually.
- Parking permits for students with vehicles typically cost between $100 and $200 per academic year.
- Personal expenses such as toiletries, laundry, entertainment, and snacks can easily amount to $1,500-$2,500 per year.
- Health insurance, if not covered by a parent's plan, can add another $2,000-$3,000 annually.
Alumni Outcomes & Career Paths
Murray State University graduates enter a diverse job market, with many finding opportunities within Kentucky and surrounding states. While specific major employer data for Murray State is not publicly detailed, regional trends suggest graduates are well-positioned for roles in education, healthcare, manufacturing, and public service. Institutions like Baptist Health Paducah, Murray Independent School District, and various state government agencies are likely significant employers of MSU alumni. The university's strong agricultural programs also feed into agribusiness and related sectors. For those pursuing advanced studies, Murray State reports a solid graduate school placement rate, though specific percentages vary by program. Career Services at Murray State actively works to connect students with employers through career fairs, resume workshops, and interview preparation. They also facilitate internship opportunities, which are crucial for gaining practical experience. While not a direct pipeline to Fortune 500 companies, these internships often lead to full-time offers within regional businesses and organizations. Geographic hiring patterns show a strong tendency for graduates to remain in the Western Kentucky region, but also extend into larger metropolitan areas like Nashville, TN, and Louisville, KY, particularly for those in business, technology, and healthcare fields. Notable alumni include individuals who have made significant contributions in politics, sports, and education, demonstrating the potential for broad career success.
Campus Life & Culture at Murray State University
Murray State's student body is predominantly from Kentucky, reflecting its role as a key public university for the Commonwealth, though it also attracts students from surrounding states and internationally. The university fosters a welcoming, community-oriented atmosphere where students who are engaged, friendly, and appreciate a balance between academic rigor and campus life tend to thrive. The relatively small size contributes to a close-knit environment where personal connections are easily made.
Murray State University, nestled in the charming town of Murray, Kentucky, offers a quintessential college experience with a strong sense of community and a friendly, down-to-earth vibe. With a student body of around 6,700, it strikes a balance between having enough activity to keep things interesting and maintaining a close-knit atmosphere where you're likely to see familiar faces around campus. The heart of campus life revolves around the Quad, a central green space perfect for studying, socializing, or catching one of the many campus events. Student organizations are abundant, covering everything from academic clubs like the Pre-Med Society and the Engineering Technology Association to special interest groups like the Anime Club and the Murray State Disc Golf Club. Greek life is present and active, with fraternities and sororities contributing to the social scene through events and philanthropy. For those interested in athletics, the Murray State Racers compete in the Ohio Valley Conference, with basketball being a particularly popular sport, drawing enthusiastic crowds to the CFSB Center. Housing options include traditional residence halls like Hester Hall and Woods Hall, offering a classic dorm experience, as well as apartment-style living for upperclassmen. Dining services provide a variety of options, from the main dining hall, The Commons, to retail locations across campus, ensuring students can find something to suit their tastes. The general atmosphere is one of Southern hospitality mixed with a focus on academic achievement and personal growth, making it a welcoming environment for students from Kentucky and beyond.
Campus Highlights
- The scenic 800-acre Arboretum, a beautiful natural space for recreation and study.
- The Murray State University Department of Art & Design's internationally recognized Printmaking program.
- The historic Lovett Auditorium, a stunning venue for performances and events.
- The "M" on the Hill, a campus landmark offering panoramic views.
- The Racer Nation, a strong sense of community and school spirit, especially around athletics.
- The close proximity to Kentucky Lake and Lake Barkley, offering abundant outdoor recreational opportunities.
Location & Regional Advantages
Murray State University's location in Murray, Kentucky, offers a unique blend of small-town charm and strategic regional access. The local job market is primarily driven by education, healthcare, and agriculture, with Murray itself serving as a regional hub. The cost of living in Murray is significantly lower than national averages, making the overall financial burden of attending and living post-graduation more manageable. While not directly adjacent to major industry hubs, Murray State benefits from its proximity to larger cities like Paducah, KY (approx. 45 minutes), a center for manufacturing and healthcare, and Nashville, TN (approx. 2 hours), a burgeoning hub for healthcare, technology, and entertainment. This proximity allows students to access internships and job opportunities in these larger markets while enjoying a more affordable and relaxed lifestyle in Murray. The quality of life in Murray is characterized by a friendly community atmosphere, access to outdoor recreation, and a slower pace of life. Weather is typical of the Midwest, with four distinct seasons. Safety is generally high in Murray, contributing to a secure environment for students. This location provides a balanced experience, offering a supportive community and affordable living, with the ability to tap into broader economic opportunities in nearby metropolitan areas.
How to Get Into Murray State University
Murray State University's admission rate of 85.7% indicates a moderately selective admissions process, meaning that while most applicants are accepted, a strong application is still beneficial. The university values a well-rounded applicant, considering not just academic performance but also extracurricular involvement and personal qualities. While specific GPA and test score ranges are not provided, applicants should aim for grades and scores that are at or above the average for admitted students to ensure the strongest chance. For those who have taken the ACT, a midpoint score would be a good indicator. The admissions committee looks for students who demonstrate a genuine interest in Murray State and who will contribute positively to the campus community. Essays are an opportunity to showcase personality, unique experiences, and why Murray State is the right fit. Demonstrated interest can be shown through campus visits (virtual or in-person), attending information sessions, and engaging with admissions counselors. Early Action (EA) is available, which allows students to apply early and receive a decision sooner, though it is not binding. Submitting your application well before the priority deadlines, typically in the late fall or early winter for the following academic year, is recommended to ensure full consideration for both admission and scholarships.
How Murray State University Compares to Similar Schools
Similar schools: Western Kentucky University, University of Southern Indiana, Southeast Missouri State University, Austin Peay State University
Advantages
- Lower in-state tuition compared to some regional peers.
- Stronger focus on specific niche programs like agriculture and aviation.
- More intimate campus environment due to smaller size.
Disadvantages
- Lower overall national recognition and brand prestige.
- Fewer large-scale internship opportunities compared to universities closer to major metropolitan areas.
- Potentially fewer diverse career services resources and employer connections.
Best For
- Best for students seeking a public university with strong academic performance and low debt.
- Best for in-state students due to significantly lower tuition costs.
Avoid If
- Avoid if you are looking for a high percentage of Asian students or a diverse student body.
- Avoid if you need a university with higher out-of-state tuition rates.
Frequently Asked Questions about Murray State University
How much does it cost to attend Murray State University?
In-state tuition at Murray State University is $9,900 per year, and out-of-state tuition is $19,836 per year. The median student debt at graduation is $20,500.
What is the acceptance rate at Murray State University?
Murray State University has an acceptance rate of 85.7%.
What is the graduation rate at Murray State University?
Murray State University has a graduation rate of 60.4%.
How much do Murray State University graduates earn?
The median earnings for Murray State University graduates 10 years after enrollment is $44,737. With median debt of $20,500, graduates earn roughly 2.2x their debt level annually.
How big is Murray State University?
Murray State University has approximately 6,688 students and is classified as a medium institution. It is located in Murray, KY and is a Public institution.
Is Murray State University worth the cost?
Murray State University has an ROI score of 13 out of 100. With in-state tuition of $9,900 per year and median post-graduation earnings of $44,737, the data suggests the return on investment may be below average.
Where is Murray State University located?
Murray State University is located in Murray, KY. It is a Public institution with approximately 6,688 students.
How much student debt do Murray State University graduates have?
The median student debt for Murray State University graduates is $20,500. With median earnings of $44,737 ten years after enrollment, graduates can expect a debt-to-income ratio of 46%.
Is Murray State University a good college?
Murray State University has a graduation rate of 60.4% and median post-graduation earnings of $44,737. Graduation rate is above the national average for public universities.
How does Murray State University compare to similar colleges?
High percentage of white students (78.39%) and low percentage of Asian students (0.79%). Compared to peer institutions, Murray State University offers a strong balance of academic success and affordability, making it a competitive choice.
What career prospects do Murray State University graduates have?
Graduates are well-positioned for careers with median earnings of $44,737 after 10 years.
What should prospective students know about Murray State University?
Murray State University holds a strong market position due to its high affordability and good academic outcomes.
What makes Murray State University stand out?
In-state tuition is significantly lower than out-of-state tuition.
What are the pros and cons of attending Murray State University?
Median debt upon graduation is relatively low at $20,500.
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Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.