How Mech-Tech'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 Mech-Tech College since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,452, which is 93.78 % of all undergraduate students. 379 students which is 14.44% of undergraduate students received federal student loans and the average loan amount is $2,877.

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	3,024 (93%)	$4,278	3,015 (92%)	$4,092	190 (6%)	$2,654
2014-15	2,876 (93%)	$4,247	2,860 (92%)	$4,099	478 (15%)	$3,499
2015-16	2,746 (92%)	$4,395	2,731 (92%)	$4,237	584 (20%)	$2,841
2016-17	2,517 (93%)	$4,467	2,517 (93%)	$4,235	501 (19%)	$1,534
2017-18	2,253 (92%)	$4,292	2,250 (92%)	$4,030	391 (16%)	$2,721
2018-19	2,242 (93%)	$5,079	2,242 (93%)	$4,681	371 (15%)	$3,120
2019-20	2,487 (95%)	$5,473	2,416 (93%)	$4,736	458 (18%)	$1,955
2020-21	1,848 (95%)	$5,538	1,773 (91%)	$4,608	178 (9%)	$3,468
2021-22	2,074 (98%)	$6,181	1,930 (91%)	$5,097	260 (12%)	$4,099
Average	2,452 (93.78%)	$4,883	2,415 (92.11%)	$4,424	379 (14.44%)	$2,877

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

Overview

For the last 10 years, on average, 849 (94.22 % of students) received grants or scholarships and its average amount is $5,827. It can cover 50.65% of tuition & fees ($11,504).

In addition, 111 (12.22 % of students) students get helped from the students loans (average amount : $3,004).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	988 (94%)	$5,060	71 (7%)	$3,259
2014-15	901 (95%)	$5,128	104 (11%)	$3,649
2015-16	988 (94%)	$5,202	186 (18%)	$3,028
2016-17	850 (95%)	$5,384	132 (15%)	$1,464
2017-18	732 (92%)	$4,900	83 (10%)	$2,264
2018-19	858 (95%)	$5,864	132 (15%)	$2,962
2019-20	921 (97%)	$6,819	151 (16%)	$2,071
2020-21	633 (92%)	$6,637	50 (7%)	$3,659
2021-22	774 (94%)	$7,450	88 (11%)	$4,679
Average	849 (94.22%)	$5,827	111 (12.22%)	$3,004

^*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, 847 (93.89 % of students) received Pell (federal) grants and its average amount is $5,325.

In addition, 249 students received State/local government grants/scholarships (26.22 % 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	988 (94%)	$4,894	394 (38%)	$103	530 (51%)	$233	-	-
2014-15	900 (95%)	$4,925	413 (43%)	$176	513 (54%)	$226	-	-
2015-16	988 (94%)	$5,027	533 (51%)	$194	513 (49%)	$133	-	-
2016-17	850 (95%)	$5,164	568 (64%)	$241	155 (17%)	$328	-	-
2017-18	732 (92%)	$4,604	470 (59%)	$244	192 (24%)	$530	-	-
2018-19	858 (95%)	$5,610	659 (73%)	$260	89 (10%)	$518	-	-
2019-20	902 (95%)	$5,743	855 (90%)	$1,225	97 (10%)	$555	-	-
2020-21	627 (91%)	$5,853	575 (84%)	$832	95 (14%)	$561	-	-
2021-22	774 (94%)	$6,105	755 (92%)	$1,331	60 (7%)	$593	-	-
Average	847 (93.89%)	$5,325	580 (66.00%)	$512	249 (26.22%)	$409	-	-

^*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, 111 (12.22 % of students) get any students loan help and its average loan amount is $111.

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	71 (7%)	$3,259	71 (7%)	$3,259	-	-
2014-15	104 (11%)	$3,649	104 (11%)	$3,649	-	-
2015-16	186 (18%)	$3,028	186 (18%)	$3,028	-	-
2016-17	132 (15%)	$1,464	132 (15%)	$1,464	-	-
2017-18	83 (10%)	$2,264	83 (10%)	$2,264	-	-
2018-19	132 (15%)	$2,962	132 (15%)	$2,962	-	-
2019-20	151 (16%)	$2,071	151 (16%)	$2,071	-	-
2020-21	50 (7%)	$3,659	50 (7%)	$3,659	-	-
2021-22	88 (11%)	$4,679	88 (11%)	$4,679	-	-
Average	111 (12.22%)	$3,004	111 (12.22%)	$3,004	-	-