How Hennepin Technical's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Hennepin Technical College since 2013.

For that period, the average number of students who received grants aid/scholarships is 3,060, which is 60.00 % of all undergraduate students. 1,754 students which is 32.89% of undergraduate students received federal student loans and the average loan amount is $7,378.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	3,809 (59%)	$3,240	2,835 (44%)	$3,076	2,882 (45%)	$7,270
2014-15	3,648 (61%)	$3,352	2,757 (46%)	$3,118	2,665 (45%)	$7,659
2015-16	3,175 (56%)	$3,492	2,402 (42%)	$3,182	2,315 (41%)	$7,771
2016-17	2,821 (50%)	$3,494	2,061 (37%)	$3,160	1,962 (35%)	$7,578
2017-18	2,607 (51%)	$3,442	1,913 (38%)	$3,202	1,628 (32%)	$7,497
2018-19	2,394 (50%)	$3,626	1,650 (35%)	$3,273	1,378 (29%)	$7,329
2019-20	3,164 (68%)	$2,880	1,477 (32%)	$3,337	1,171 (25%)	$6,889
2020-21	2,458 (60%)	$3,280	1,118 (27%)	$3,422	929 (23%)	$7,083
2021-22	3,466 (85%)	$3,358	1,160 (28%)	$3,420	857 (21%)	$7,326
Average	3,060 (60.00%)	$3,352	1,930 (36.56%)	$3,243	1,754 (32.89%)	$7,378

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

Overview

For the last 10 years, on average, 200 (65.78 % of students) received grants or scholarships and its average amount is $4,772. It can cover 81.15% of tuition & fees ($5,881) based on out-of-state rate.

In addition, 110 (35.33 % of students) students get helped from the students loans (average amount : $6,488).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	242 (65%)	$4,568	166 (44%)	$6,747
2014-15	199 (63%)	$4,872	136 (43%)	$6,810
2015-16	189 (59%)	$4,958	136 (42%)	$6,436
2016-17	173 (57%)	$4,737	122 (40%)	$6,896
2017-18	187 (56%)	$4,500	113 (34%)	$6,577
2018-19	186 (56%)	$5,116	101 (31%)	$6,268
2019-20	241 (88%)	$3,793	76 (28%)	$5,914
2020-21	117 (52%)	$5,817	68 (30%)	$6,686
2021-22	263 (96%)	$4,591	71 (26%)	$6,062
Average	200 (65.78%)	$4,772	110 (35.33%)	$6,488

^*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.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 143 (46.44 % of students) received Pell (federal) grants and its average amount is $4,475.

In addition, 135 students received State/local government grants/scholarships (44.22 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	201 (54%)	$4,498	33 (9%)	$394	169 (45%)	$1,032	13 (3%)	$1,076
2014-15	170 (53%)	$4,402	46 (14%)	$322	146 (46%)	$1,240	21 (7%)	$1,205
2015-16	162 (50%)	$4,480	52 (16%)	$285	133 (41%)	$1,261	24 (7%)	$1,202
2016-17	134 (44%)	$4,427	29 (9%)	$414	133 (43%)	$1,470	18 (6%)	$1,042
2017-18	145 (44%)	$4,372	33 (10%)	$376	135 (41%)	$1,350	11 (3%)	$1,187
2018-19	145 (44%)	$4,549	30 (9%)	$367	139 (42%)	$1,889	19 (6%)	$970
2019-20	128 (47%)	$4,603	205 (75%)	$453	135 (49%)	$1,546	24 (9%)	$976
2020-21	91 (40%)	$4,580	59 (26%)	$755	93 (41%)	$2,237	12 (5%)	$925
2021-22	114 (42%)	$4,367	261 (95%)	$1,578	136 (50%)	$1,892	24 (9%)	$1,675
Average	143 (46.44%)	$4,475	83 (29.22%)	$549	135 (44.22%)	$1,546	18 (6.11%)	$1,140

^*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..

Student Loans

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, 110 (35.33 % of students) get any students loan help and its average loan amount is $110.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	166 (44%)	$6,747	163 (44%)	$6,691	5 (1%)	$5,889
2014-15	136 (43%)	$6,810	134 (42%)	$6,776	3 (1%)	$6,097
2015-16	136 (42%)	$6,436	131 (41%)	$6,373	6 (2%)	$6,738
2016-17	122 (40%)	$6,896	118 (39%)	$6,761	5 (2%)	$8,705
2017-18	113 (34%)	$6,577	111 (33%)	$6,381	4 (1%)	$8,725
2018-19	101 (31%)	$6,268	99 (30%)	$6,142	3 (1%)	$8,341
2019-20	76 (28%)	$5,914	76 (28%)	$5,883	1 (0%)	$2,300
2020-21	68 (30%)	$6,686	68 (30%)	$6,630	1 (0%)	$3,800
2021-22	71 (26%)	$6,062	71 (26%)	$6,062	-	-
Average	110 (35.33%)	$6,488	108 (34.78%)	$6,411	4 (1.33%)	$6,324

Most Searched Minnesota Colleges (last 30 days)

4-Year Colleges

Capella University Private, four-years | Minneapolis
University of Minnesota-Twin Cities Public, four-years | Minneapolis
University of St Thomas Private, four-years | Saint Paul
Minnesota State University-Mankato Public, four-years | Mankato
Walden University Private, four-years | Minneapolis
Minnesota North College Public, 2-4 years | Hibbing
Carleton College Private, four-years | Northfield
Macalester College Private, four-years | Saint Paul
North Central University Private, four-years | Minneapolis
Rasmussen University-Minnesota Private, four-years | St. Cloud

compare schools

Graduate

Walden University Private, four-years | Minneapolis
Capella University Private, four-years | Minneapolis
Winona State University Public, four-years | Winona
Bethel University Private, four-years | Saint Paul
St Catherine University Private, four-years | Saint Paul
Saint Cloud State University Public, four-years | Saint Cloud
Bethany Global University Private, four-years | Bloomington
Mayo Clinic College of Medicine and Science Private, four-years | Rochester
Minnesota State University Moorhead Public, four-years | Moorhead
University of Minnesota-Twin Cities Public, four-years | Minneapolis

compare schools

Online Schools

Minnesota North College Public, 2-4 years | Hibbing
Capella University Private, four-years | Minneapolis
Rasmussen University-Minnesota Private, four-years | St. Cloud
Walden University Private, four-years | Minneapolis
Bethany Global University Private, four-years | Bloomington
Crown College Private, four-years | Saint Bonifacius
University of Minnesota-Twin Cities Public, four-years | Minneapolis
Normandale Community College Public, 2-4 years | Bloomington
Central Lakes College-Brainerd Public, 2-4 years | Brainerd
Winona State University Public, four-years | Winona

compare schools

Trade Schools

Summit Academy Opportunities Industrialization Center Private, Less than 2-years | Minneapolis
National American University-Rochester Private, four-years | Rochester
Aveda Arts & Sciences Institute Minneapolis Private, Less than 2-years | Minneapolis
Metropolitan State University Public, four-years | Saint Paul
Saint Cloud State University Public, four-years | Saint Cloud
Nova Academy of Cosmetology Private, Less than 2-years | Rochester
Mayo Clinic College of Medicine and Science Private, four-years | Rochester
Empire Beauty School-Bloomington Private, Less than 2-years | Bloomington
Northwestern Health Sciences University Private, four-years | Bloomington
Nova Academy of Cosmetology Woodbury Private, Less than 2-years | WOODBURY

compare schools

Scholarships, Grants, and Loan Trends at Hennepin Technical

All Undergraduate Students Financial Aid Over Time

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