How UMTC's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at University of Minnesota-Twin Cities since 2011.

For that period, the average number of students who received grants aid/scholarships is 19,102, which is 54.82 % of all undergraduate students. 13,828 students which is 39.64% of undergraduate students received federal student loans and the average loan amount is $6,496.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2011-12	18,974 (55%)	$6,789	7,979 (23%)	$4,212	16,342 (47%)	$6,901
2012-13	18,111 (53%)	$6,966	7,478 (22%)	$4,275	15,565 (45%)	$6,833
2013-14	17,688 (51%)	$7,511	7,153 (21%)	$4,364	14,964 (43%)	$6,684
2014-15	18,604 (54%)	$8,104	6,960 (20%)	$4,409	14,527 (42%)	$6,651
2015-16	18,284 (54%)	$8,628	6,602 (19%)	$4,448	14,036 (41%)	$6,478
2016-17	21,145 (61%)	$7,867	6,591 (19%)	$4,477	14,063 (40%)	$6,515
2017-18	19,774 (56%)	$9,087	6,590 (19%)	$4,572	13,847 (39%)	$6,407
2018-19	19,328 (56%)	$9,253	6,360 (18%)	$4,735	13,350 (39%)	$6,261
2019-20	19,559 (56%)	$9,528	6,281 (18%)	$4,805	12,905 (37%)	$6,278
2020-21	19,050 (53%)	$9,782	5,880 (16%)	$4,939	11,446 (32%)	$6,224
2021-22	19,606 (54%)	$10,416	6,353 (18%)	$5,101	11,060 (31%)	$6,219
Average	19,102 (54.82%)	$8,539	6,748 (19.36%)	$4,576	13,828 (39.64%)	$6,496

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 12 years, on average, 3,611 (61.18 % of students) received grants or scholarships and its average amount is $9,134. It can cover 25.09% of tuition & fees ($36,402) based on out-of-state rate.

In addition, 2,697 (46.00 % of students) students get helped from the students loans (average amount : $7,840).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2011-12	3,503 (65%)	$7,171	2,807 (52%)	$7,084
2012-13	2,995 (54%)	$8,021	2,766 (50%)	$6,981
2013-14	3,146 (57%)	$8,099	2,758 (50%)	$7,086
2014-15	3,390 (61%)	$8,645	2,711 (49%)	$7,306
2015-16	3,570 (62%)	$8,656	2,748 (48%)	$7,654
2016-17	3,619 (62%)	$8,760	2,762 (47%)	$7,553
2017-18	3,852 (62%)	$9,521	2,827 (46%)	$7,797
2018-19	3,656 (61%)	$9,334	2,709 (45%)	$8,166
2019-20	3,830 (61%)	$10,519	2,558 (41%)	$8,087
2020-21	3,819 (65%)	$10,362	2,272 (38%)	$8,804
2021-22	4,342 (63%)	$11,388	2,749 (40%)	$9,722
Average	3,611 (61.18%)	$9,134	2,697 (46.00%)	$7,840

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 12 years, on average, 1,138 (19.36 % of students) received Pell (federal) grants and its average amount is $4,582.

In addition, 1,541 students received State/local government grants/scholarships (26.27 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2011-12	1,199 (22%)	$4,142	1,056 (20%)	$500	2,073 (39%)	$2,565	2,780 (52%)	$5,146
2012-13	1,171 (21%)	$4,154	1,069 (19%)	$500	1,302 (24%)	$3,838	2,800 (51%)	$4,867
2013-14	1,153 (21%)	$4,289	1,073 (19%)	$500	1,354 (24%)	$4,363	2,964 (54%)	$4,753
2014-15	1,129 (20%)	$4,281	1,021 (18%)	$515	1,341 (24%)	$4,748	3,243 (59%)	$5,421
2015-16	1,076 (19%)	$4,435	1,022 (18%)	$537	1,301 (23%)	$5,091	3,409 (59%)	$5,561
2016-17	1,054 (18%)	$4,465	967 (17%)	$639	1,371 (23%)	$5,434	3,483 (59%)	$5,434
2017-18	1,089 (18%)	$4,617	1,011 (16%)	$636	1,517 (25%)	$5,431	3,735 (60%)	$6,095
2018-19	1,043 (17%)	$4,829	982 (16%)	$637	1,477 (25%)	$5,764	3,537 (59%)	$5,640
2019-20	1,124 (18%)	$4,915	1,066 (17%)	$644	1,625 (26%)	$5,909	3,735 (60%)	$6,553
2020-21	1,040 (18%)	$5,002	934 (16%)	$728	1,565 (26%)	$6,184	3,750 (63%)	$6,404
2021-22	1,445 (21%)	$5,271	1,307 (19%)	$616	2,027 (30%)	$6,312	4,209 (62%)	$6,707
Average	1,138 (19.36%)	$4,582	1,046 (17.73%)	$587	1,541 (26.27%)	$5,058	3,422 (58.00%)	$5,689

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 12 years, on average, 2,697 (46.00 % of students) get any students loan help and its average loan amount is $2,697.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2011-12	2,807 (52%)	$7,084	2,775 (52%)	$5,657	496 (9%)	$8,440
2012-13	2,766 (50%)	$6,981	2,716 (49%)	$5,374	520 (9%)	$9,067
2013-14	2,758 (50%)	$7,086	2,703 (49%)	$5,374	558 (10%)	$8,995
2014-15	2,711 (49%)	$7,306	2,668 (48%)	$5,303	561 (10%)	$10,086
2015-16	2,748 (48%)	$7,654	2,682 (47%)	$5,329	596 (10%)	$11,310
2016-17	2,762 (47%)	$7,553	2,713 (46%)	$5,369	517 (9%)	$12,173
2017-18	2,827 (46%)	$7,797	2,770 (45%)	$5,411	572 (9%)	$12,328
2018-19	2,709 (45%)	$8,166	2,657 (45%)	$5,244	624 (10%)	$13,121
2019-20	2,558 (41%)	$8,087	2,497 (40%)	$5,175	562 (9%)	$13,816
2020-21	2,272 (38%)	$8,804	2,209 (37%)	$5,188	576 (10%)	$14,830
2021-22	2,749 (40%)	$9,722	2,680 (39%)	$5,323	818 (12%)	$15,235
Average	2,697 (46.00%)	$7,840	2,643 (45.18%)	$5,341	582 (9.73%)	$11,764

Scholarships, Grants, and Loan Trends at UMTC

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

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