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

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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