Scholarships, Grants, and Loan Trends at MTC

13%

Received Percent Changed

-$918

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 8,146, which is 82.44 % of all undergraduate students. 2,819 students which is 27.56% of undergraduate students received federal student loans and the average loan amount is $4,263.

For full-time, first-time beginning students (freshmen), 92.78% of students received grants or scholarships and 26% 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 Midlands Technical College since 2014.

For that period, the average number of students who received grants aid/scholarships is 8,146, which is 82.44 % of all undergraduate students. 2,819 students which is 27.56% of undergraduate students received federal student loans and the average loan amount is $4,263.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-159,140 (80%)$5,6345,790 (51%)$3,4714,379 (38%)$4,176
2015-168,782 (80%)$5,6045,361 (49%)$3,4293,962 (36%)$4,310
2016-178,342 (78%)$3,5994,841 (45%)$3,3553,658 (34%)$4,331
2017-187,862 (74%)$3,7784,520 (43%)$3,6013,158 (30%)$4,385
2018-197,453 (75%)$3,9514,151 (42%)$3,6972,800 (28%)$4,326
2019-207,364 (80%)$4,4014,028 (44%)$3,8592,571 (28%)$4,431
2020-217,738 (88%)$3,9723,457 (39%)$3,8521,960 (22%)$4,171
2021-228,185 (94%)$4,2363,343 (38%)$3,8391,602 (18%)$4,080
2022-238,444 (93%)$4,7163,530 (39%)$3,9541,279 (14%)$4,160
Average8,146 (82.44%)$4,4324,336 (43.33%)$3,6732,819 (27.56%)$4,263
*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, 1,412 (92.78 % of students) received grants or scholarships and its average amount is $5,929. It can cover 40.33% of tuition & fees ($14,700) based on out-of-state rate.

In addition, 404 (26.00 % of students) students get helped from the students loans (average amount : $5,041).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,547 (92%)$4,964555 (33%)$4,280
2015-161,465 (93%)$5,202487 (31%)$4,724
2016-171,441 (89%)$4,950547 (34%)$4,879
2017-181,416 (90%)$5,422461 (29%)$5,363
2018-191,438 (92%)$5,852453 (29%)$5,375
2019-201,529 (93%)$6,188426 (26%)$5,126
2020-211,286 (97%)$5,874244 (18%)$4,823
2021-221,178 (91%)$7,310242 (19%)$5,025
2022-231,411 (98%)$7,599219 (15%)$5,775
Average1,412 (92.78%)$5,929404 (26.00%)$5,041
*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, 748 (49.00 % of students) received Pell (federal) grants and its average amount is $4,620.

In addition, 1,156 students received State/local government grants/scholarships (76.22 % 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
2014-15888 (53%)$4,29017 (1%)$1,4031,141 (68%)$3,3701 (0%)$191
2015-16823 (52%)$4,17026 (2%)$7231,149 (73%)$3,6271 (0%)$2,542
2016-17794 (49%)$4,10312 (1%)$6651,090 (68%)$3,54210 (1%)$670
2017-18762 (48%)$4,61821 (1%)$4411,139 (72%)$3,63310 (1%)$1,010
2018-19737 (47%)$4,74063 (4%)$6651,236 (79%)$3,93912 (1%)$950
2019-20814 (50%)$4,7851,109 (67%)$4501,300 (79%)$3,88817 (1%)$809
2020-21605 (46%)$4,9181,084 (82%)$2351,077 (81%)$4,00711 (1%)$768
2021-22595 (46%)$4,8931,145 (88%)$1,4511,037 (80%)$3,88412 (1%)$923
2022-23717 (50%)$5,0661,242 (87%)$7321,236 (86%)$4,649260 (18%)$1,673
Average748 (49.00%)$4,620524 (37.00%)$7521,156 (76.22%)$3,83837 (3.43%)$1,060
*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, 404 (26.00 % of students) get any students loan help and its average loan amount is $404.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15555 (33%)$4,280545 (33%)$4,10920 (1%)$6,784
2015-16487 (31%)$4,724479 (30%)$4,44319 (1%)$9,074
2016-17547 (34%)$4,879529 (33%)$4,36735 (2%)$10,241
2017-18461 (29%)$5,363443 (28%)$4,54437 (2%)$12,408
2018-19453 (29%)$5,375432 (28%)$4,73839 (2%)$9,951
2019-20426 (26%)$5,126408 (25%)$4,58628 (2%)$11,154
2020-21244 (18%)$4,823233 (18%)$4,36320 (2%)$8,016
2021-22242 (19%)$5,025224 (17%)$4,18926 (2%)$10,678
2022-23219 (15%)$5,775206 (14%)$4,68425 (2%)$11,987
Average404 (26.00%)$5,041389 (25.11%)$4,44728 (1.78%)$10,033

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