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Public Research University

Montana State University

Public Research University in Bozeman, MT. Six-year graduation rate 58%. Median 10-year earnings $53,263.

Verdict Mixed outcomes
Montana State University · Campus
Median earnings · 10 yr
$53,263
Median debt at grad
$22,500
Mobility score
1.5
% bottom→top quintile
Graduation rate
57.5%
Federal loan default
0%

The median ten-year earnings figure of $53,263 sits near the national middle rather than at either extreme. The six-year graduation rate is 58%, meaning about two in five students who start do not finish. Debt at graduation runs to a median of $22,500, neither a bargain nor a burden.

Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.

Green Flags
  • 3-year loan default 0.0% — below national benchmark
Red Flags

Admissions

Acceptance rate
82%
Applicants
21,652
Yield rate
20.3%

Montana State University accepts 82% of applicants, which makes it accessible to most students who meet the baseline requirements. The applicant pool is large — 21,652 in the most recent cycle — so the published rate reflects genuine competition rather than a small-sample quirk. About 20% of admitted students enroll, a yield in the normal range. 21% of enrolled first-years submitted an SAT score. The bands below describe the middle half of that group, not of the class.

Test score bands (middle 50% of submitters)

These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.

Test 25th–75th percentile Submitted
SAT Evidence-Based Reading 540–645 759 (21%)
SAT Math 525–640
ACT Composite 21–27 1,371 (38%)

IPEDS Admissions · 2024

Apply at Montana State University →

Academics

Full-time retention
79%
Transfer-out rate
24%
Student:faculty
18:1

Six-year completion sits at 58%, meaning about two in five students who enroll leave without finishing. First-year retention is 79% — the single largest point of attrition on this campus. Retention and completion are close, which places the gap between entering and finishing almost entirely in year one. A 24% transfer-out rate accounts for part of that gap: those students left for another institution rather than dropping out, and the graduation rate above counts them as non-completers here. The part-time picture is harder: 55% return, against 79% full-time.

Financial Aid

Average net price
$20,142
Full-time, first-time undergraduates paying the in-state rate who were awarded grant or scholarship aid
% receiving grants
69%
degree- or certificate-seeking undergraduates
% receiving federal loans
32%
degree- or certificate-seeking undergraduates

IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 14,477 degree- or certificate-seeking undergraduates

Students pay an average of $20,142 annually once grants are applied. Net price swings hard on family income here, from $17,797 at the $0–30k band to $25,905 at $110k+. About 69% get grants averaging $8,769, so plan on the possibility of paying closer to full price. 32% of students take federal loans, a middling borrowing rate.

Entering first-year students

A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.

% receiving grants
83%
Average grant
$11,763

IPEDS Student Financial Aid · 2023-24 · 3,273 students

Net price by family income

The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.

Family income band Average net price
$0–30k $17,797
$30–48k $18,570
$48–75k $21,977
$75–110k $24,732
$110k+ $25,905

IPEDS Student Financial Aid · 2023-24

Federal student loans went to 4,668 of these 14,477 students, totalling $28,915,957 — an average of $6,195 each.

IPEDS Student Financial Aid · 2023-24

Local housing costs

Typical rents near campus (Gallatin County) — budget these against any cost-of-attendance housing estimate.

Studio
$1,485/mo
1 bedroom
$1,642/mo
2 bedroom (whole unit)
$2,154/mo

HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026

Veterans & GI Bill

GI Bill students
779
Yellow Ribbon
Yes
Principles of Excellence
Yes

VA GI Bill Comparison Tool (Veterans Affairs GIDS)

Compare Montana State University with peer institutions

How we evaluate Montana State University

IPEDS
US Department of Education
College Scorecard
Post-grad earnings
Census PSEO
Earnings by major
Opportunity Insights
Mobility by institution
Read our full methodology →