Scholarships, Grants, and Loan Trends at MSTC

-16%

Received Percent Changed

$362

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 1,285, which is 46.11 % of all undergraduate students. 846 students which is 30.78% of undergraduate students received federal student loans and the average loan amount is $3,820.

For full-time, first-time beginning students (freshmen), 66.78% of students received grants or scholarships and 41% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Mid-State Technical College since 2014.

For that period, the average number of students who received grants aid/scholarships is 1,285, which is 46.11 % of all undergraduate students. 846 students which is 30.78% of undergraduate students received federal student loans and the average loan amount is $3,820.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,401 (50%)$4,0551,391 (50%)$3,3431,255 (45%)$4,221
2015-161,374 (52%)$3,9881,345 (51%)$3,2791,148 (44%)$4,096
2016-171,277 (46%)$4,0431,164 (42%)$3,4971,071 (39%)$3,938
2017-181,211 (44%)$3,9791,055 (38%)$3,457872 (32%)$3,949
2018-191,052 (39%)$4,263925 (34%)$3,547772 (29%)$3,719
2019-201,129 (40%)$4,596868 (31%)$3,665794 (28%)$3,638
2020-211,165 (44%)$4,260787 (30%)$3,436648 (24%)$3,542
2021-222,002 (66%)$3,088701 (23%)$3,560568 (19%)$3,670
2022-23957 (34%)$4,417657 (24%)$3,851486 (17%)$3,603
Average1,285 (46.11%)$4,077988 (35.89%)$3,515846 (30.78%)$3,820
*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.

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

For the last 10 years, on average, 114 (66.78 % of students) received grants or scholarships and its average amount is $4,856. It can cover 67.72% of tuition & fees ($7,171) based on out-of-state rate.

In addition, 69 (40.67 % of students) students get helped from the students loans (average amount : $3,664).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15156 (64%)$4,752142 (58%)$4,294
2015-16143 (79%)$4,64397 (53%)$4,002
2016-17101 (70%)$4,59575 (52%)$3,703
2017-1861 (68%)$5,04944 (49%)$3,232
2018-1942 (49%)$5,04628 (33%)$3,590
2019-20115 (65%)$5,01872 (41%)$3,302
2020-21139 (63%)$4,72256 (25%)$3,815
2021-22161 (89%)$3,32855 (30%)$3,400
2022-23110 (54%)$6,55050 (25%)$3,637
Average114 (66.78%)$4,85669 (40.67%)$3,664
*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 10 years, on average, 83 (49.56 % of students) received Pell (federal) grants and its average amount is $4,664.

In addition, 71 students received State/local government grants/scholarships (42.33 % 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
2014-15140 (57%)$4,18719 (8%)$28794 (39%)$1,22630 (12%)$1,148
2015-16116 (64%)$4,75620 (11%)$16569 (38%)$1,06326 (14%)$1,372
2016-1795 (66%)$3,98622 (15%)$16171 (49%)$95517 (12%)$828
2017-1855 (61%)$4,62924 (27%)$19241 (46%)$1,0067 (8%)$1,080
2018-1938 (44%)$4,46211 (13%)$36439 (45%)$8686 (7%)$756
2019-2082 (46%)$4,39256 (32%)$1,06288 (50%)$1,19037 (21%)$1,427
2020-2187 (39%)$4,34795 (43%)$875101 (45%)$1,33035 (16%)$1,736
2021-2253 (29%)$4,363160 (88%)$1,22656 (31%)$99831 (17%)$1,697
2022-2381 (40%)$6,85127 (13%)$41178 (38%)$1,28040 (20%)$1,366
Average83 (49.56%)$4,66448 (27.78%)$52771 (42.33%)$1,10225 (14.11%)$1,268
*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 10 years, on average, 69 (40.67 % of students) get any students loan help and its average loan amount is $69.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15142 (58%)$4,294142 (58%)$4,1059 (4%)$2,971
2015-1697 (53%)$4,00297 (53%)$4,002--
2016-1775 (52%)$3,70375 (52%)$3,703--
2017-1844 (49%)$3,23244 (49%)$3,232--
2018-1928 (33%)$3,59027 (31%)$3,6371 (1%)$2,331
2019-2072 (41%)$3,30272 (41%)$3,302--
2020-2156 (25%)$3,81556 (25%)$3,6192 (1%)$5,500
2021-2255 (30%)$3,40055 (30%)$3,400--
2022-2350 (25%)$3,63750 (25%)$3,5371 (0%)$5,000
Average69 (40.67%)$3,66469 (40.44%)$3,6153 (2.00%)$3,951

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