All Undergraduate Financial Aid

At Michigan Technological University, 5,774 undergraduate students (100% of total 5,777 students) have received financial aid including grants, scholarships, and/or federal student loans. The average amount of aid received is $13,579.
Financial Aid Statistics (All Undergraduate Students) - MTU
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Grant or Scholarship5,774100% $78,405,657$13,579
Pell Grants1,11119% $5,564,608$5,009
Federal Student Loan2,69647% $16,257,937$6,030

Beginning Undergraduate Students (Freshmen) Financial Aid

1,475 beginning undergraduate students (100% of total 1,475 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 $16,114.
Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students) - MTU
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid1,475100% --
Grants or Scholarships1,475100%$23,767,716$16,114
Federal Grants1,475100%$2,898,923$1,965
Pell Grants25918%$1,292,928$4,992
Other Federal Grants1,475100%$1,605,995$1,089
State/Local Grants25017%$1,890,543$7,562
Institutional Grants1,42797%$18,978,250$13,299
Student Loan Aid74851%$6,262,524$8,372
Federal Student Loans72849%$3,757,770$5,162
Other Student Loans17912%$2,504,754$13,993

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

The next table shows the number of students awarded and the average grants/scholarship aid amount by income level for the academic year 2021-2022 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.
Grants of Scholarship Aid Statistics By Income Level
Income LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level638630$9,579,077$15,014
0-30,0007676$1,865,083$24,541
30,001-48,0008888$2,184,471$24,824
48,001-75,0009696$1,680,382$17,504
75,001-110,000148148$2,096,159$14,163
110,001 or more230222$1,752,982$7,622


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