5,389 students (91% of total 5,892 undergraduate students) have awarded federal, state, local, institutional or other sources of grant aid at Michigan Technological University (MTU). The average amount of the aid awarded is $16,876.
For the first-time, full-time beginning students (freshmen), 99% of total 1,459 enrolled students have received any kind of financial aid and its average amount of aid received is $19,898.
At Michigan Technological University, 5,389 undergraduate students (91% of total 5,892 students) have received financial aid including grants, scholarships, and/or federal student loans. The average amount of aid received is $16,876.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| Grant or Scholarship | 5,389 | 91% | $90,947,201 | $16,876 |
| Pell Grants | 1,192 | 20% | $6,555,861 | $5,500 |
| Federal Student Loan | 2,684 | 46% | $16,137,762 | $6,013 |
1,451 beginning undergraduate students (99% of total 1,459 enrolled freshmen) have received financial aid including grants, scholarships, and/or federal student loans at Michigan Technological University. The average amount of aid received is $19,898.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| Any Financial Aid | 1,451 | 99% | - | - |
| Grants or Scholarships | 1,444 | 99% | $28,732,166 | $19,898 |
| Federal Grants | 331 | 23% | $2,088,586 | $6,310 |
| Pell Grants | 320 | 22% | $1,751,572 | $5,474 |
| Other Federal Grants | 285 | 20% | $337,014 | $1,183 |
| State/Local Grants | 564 | 39% | $5,431,736 | $9,631 |
| Institutional Grants | 1,435 | 98% | $21,211,844 | $14,782 |
| Student Loan Aid | 724 | 50% | $5,895,671 | $8,143 |
| Federal Student Loans | 703 | 48% | $3,537,663 | $5,032 |
| Other Student Loans | 159 | 11% | $2,358,008 | $14,830 |
The following table shows the number of students awarded and the average grants / scholarship aid amount by income level for the academic year 2023-2024 at Michigan Technological University.
The sources of grants and scholarship aid are the federal government, state/local government, or the institution. For the statistics, only students who paid the in-state or in-district tuition rate are considered.
| Income Level | Number of Students | Number of Students Awarded | Total Amount Aid Awarded | Average Amount Aid Awarded |
|---|---|---|---|---|
| All level | 613 | 604 | $10,311,238 | $16,821 |
| 0-30,000 | 97 | 97 | $2,670,317 | $27,529 |
| 30,001-48,000 | 61 | 61 | $1,572,425 | $25,777 |
| 48,001-75,000 | 91 | 91 | $2,033,642 | $22,348 |
| 75,001-110,000 | 129 | 129 | $2,106,365 | $16,328 |
| 110,001 or more | 235 | 226 | $1,928,489 | $8,206 |
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