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All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Michigan Technological University since 2011.
For that period, the average number of students who received grants aid/scholarships is 5,107, which is 89.18 % of all undergraduate students. 3,170 students which is 55.45% of undergraduate students received federal student loans and the average loan amount is $6,420.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-124,763 (83%)$9,0501,510 (26%)$4,2873,455 (60%)$6,549
2012-134,675 (83%)$9,6481,498 (27%)$4,3813,349 (60%)$6,625
2013-144,843 (86%)$10,3161,437 (26%)$4,4823,306 (59%)$6,664
2014-154,867 (86%)$10,3561,426 (25%)$4,4553,258 (58%)$6,736
2015-164,949 (87%)$10,9171,401 (25%)$4,4903,239 (57%)$6,559
2016-175,086 (88%)$11,3511,348 (23%)$4,4913,327 (57%)$6,549
2017-185,241 (89%)$11,5481,491 (25%)$4,5393,313 (56%)$6,575
2018-195,112 (88%)$12,1071,341 (23%)$4,7723,115 (54%)$6,100
2019-205,385 (94%)$12,1901,252 (22%)$4,8582,988 (52%)$6,132
2020-215,484 (97%)$12,3851,139 (20%)$5,0002,827 (50%)$6,100
2021-225,774 (100%)$13,5791,111 (19%)$5,0092,696 (47%)$6,030
Average5,107 (89.18%)$11,2221,359 (23.73%)$4,6153,170 (55.45%)$6,420

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

OverviewGrants/ScholarshipStudent Loans
For the last 12 years, on average, 1,215 (95.73 % of students) received grants or scholarships and its average amount is $12,475. It can cover 30.18% of tuition & fees ($41,340) based on out-of-state rate.
In addition, 750 (59.45 % of students) students get helped from the students loans (average amount : $7,781).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-121,090 (94%)$10,429763 (66%)$6,730
2012-131,079 (94%)$10,880759 (66%)$7,313
2013-141,198 (96%)$11,093827 (66%)$7,317
2014-151,148 (96%)$11,063753 (63%)$7,493
2015-161,199 (94%)$11,772771 (60%)$7,682
2016-171,286 (93%)$11,959827 (60%)$7,919
2017-181,243 (94%)$12,314754 (57%)$7,726
2018-191,169 (94%)$13,044719 (58%)$8,419
2019-201,283 (99%)$13,946703 (54%)$7,892
2020-211,190 (99%)$14,609631 (53%)$8,732
2021-221,475 (100%)$16,114748 (51%)$8,372
Average1,215 (95.73%)$12,475750 (59.45%)$7,781
*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, 292 (23.18 % of students) received Pell (federal) grants and its average amount is $4,556.
In addition, 308 students received State/local government grants/scholarships (24.36 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12298 (26%)$4,218301 (26%)$751250 (22%)$2,8651,076 (93%)$8,521
2012-13319 (28%)$4,379321 (28%)$723322 (28%)$3,1971,056 (92%)$8,599
2013-14317 (25%)$4,330316 (25%)$797388 (31%)$3,2981,181 (94%)$8,794
2014-15289 (24%)$4,471288 (24%)$529327 (27%)$3,7301,127 (94%)$8,905
2015-16335 (26%)$4,534320 (25%)$532295 (23%)$4,9931,172 (92%)$9,346
2016-17292 (21%)$4,519297 (22%)$951358 (26%)$5,0171,274 (92%)$9,405
2017-18317 (24%)$4,473323 (25%)$1,088329 (25%)$4,6251,216 (92%)$9,880
2018-19266 (21%)$4,690282 (23%)$1,691280 (22%)$4,6481,159 (93%)$10,546
2019-20274 (21%)$4,6281,167 (90%)$681303 (23%)$5,4911,231 (95%)$11,508
2020-21251 (21%)$4,8861,132 (95%)$723286 (24%)$7,0251,127 (94%)$11,829
2021-22259 (18%)$4,9921,475 (100%)$1,089250 (17%)$7,5621,427 (97%)$13,299
Average292 (23.18%)$4,556566 (43.91%)$869308 (24.36%)$4,7681,186 (93.45%)$10,057
*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, 750 (59.45 % of students) get any students loan help and its average loan amount is $750.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12763 (66%)$6,730752 (65%)$5,383105 (9%)$10,348
2012-13759 (66%)$7,313753 (65%)$5,504132 (11%)$10,653
2013-14827 (66%)$7,317816 (65%)$5,327154 (12%)$11,064
2014-15753 (63%)$7,493743 (62%)$5,453144 (12%)$11,043
2015-16771 (60%)$7,682761 (60%)$5,185163 (13%)$12,128
2016-17827 (60%)$7,919808 (59%)$5,258181 (13%)$12,710
2017-18754 (57%)$7,726735 (56%)$5,185165 (13%)$12,210
2018-19719 (58%)$8,419696 (56%)$5,113183 (15%)$13,628
2019-20703 (54%)$7,892682 (53%)$5,069177 (14%)$11,814
2020-21631 (53%)$8,732615 (51%)$5,073167 (14%)$14,311
2021-22748 (51%)$8,372728 (49%)$5,162179 (12%)$13,993
Average750 (59.45%)$7,781735 (58.27%)$5,247159 (12.55%)$12,173

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