Scholarships, Grants, and Loan Trends at Midwest Technical Institute-Illinois

Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 843, which is 82.56 % of all undergraduate students. 828 students which is 81.67% of undergraduate students received federal student loans and the average loan amount is $8,031.

For full-time, first-time beginning students (freshmen), 85.67% of students received grants or scholarships and 85% of students received student loans.

School Home 2023 Financial Aid

There are multiple same-named institutes of Midwest Technical Institute-Illinois. This page describes a school located in Springfield, IL. You may want to view a school located in another city and/or state on the Midwest Technical Institute-Illinois locations page.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Midwest Technical Institute-Illinois since 2013.

For that period, the average number of students who received grants aid/scholarships is 843, which is 82.56 % of all undergraduate students. 828 students which is 81.67% of undergraduate students received federal student loans and the average loan amount is $8,031.

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	746 (96%)	$5,767	651 (84%)	$4,793	711 (91%)	$7,685
2014-15	683 (90%)	$6,078	634 (83%)	$4,750	698 (92%)	$7,412
2015-16	610 (74%)	$5,200	586 (71%)	$4,124	526 (64%)	$6,351
2016-17	442 (80%)	$5,847	421 (76%)	$4,879	461 (83%)	$8,652
2017-18	470 (78%)	$6,004	438 (73%)	$5,073	513 (85%)	$8,325
2018-19	594 (85%)	$5,937	570 (81%)	$5,066	611 (87%)	$8,413
2019-20	771 (95%)	$6,288	691 (85%)	$5,947	736 (91%)	$8,521
2020-21	1,654 (69%)	$5,978	1,422 (59%)	$5,385	1,515 (63%)	$8,471
2021-22	1,621 (76%)	$7,485	1,439 (68%)	$6,334	1,679 (79%)	$8,447
Average	843 (82.56%)	$6,065	761 (75.56%)	$5,150	828 (81.67%)	$8,031

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

Overview

For the last 10 years, on average, 440 (85.67 % of students) received grants or scholarships and its average amount is $6,102. It can cover 37.34% of tuition & fees ($16,345).

In addition, 438 (85.11 % of students) students get helped from the students loans (average amount : $8,227).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	465 (88%)	$6,265	470 (89%)	$7,402
2014-15	323 (82%)	$5,481	332 (84%)	$6,627
2015-16	467 (86%)	$4,923	470 (86%)	$6,804
2016-17	377 (83%)	$5,721	375 (83%)	$8,881
2017-18	345 (90%)	$6,139	347 (90%)	$9,004
2018-19	372 (85%)	$5,806	366 (84%)	$8,766
2019-20	371 (93%)	$6,389	335 (84%)	$8,755
2020-21	679 (86%)	$6,895	625 (79%)	$9,061
2021-22	558 (78%)	$7,303	624 (87%)	$8,742
Average	440 (85.67%)	$6,102	438 (85.11%)	$8,227

^*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, 410 (79.67 % of students) received Pell (federal) grants and its average amount is $5,011.

In addition, 51 students received State/local government grants/scholarships (10.33 % 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	429 (82%)	$4,751	-	-	105 (20%)	$8,335	-	-
2014-15	295 (75%)	$4,291	-	-	65 (17%)	$6,003	13 (3%)	$8,792
2015-16	443 (81%)	$4,052	-	-	38 (7%)	$8,133	41 (8%)	$4,756
2016-17	363 (80%)	$4,687	-	-	50 (11%)	$7,192	30 (7%)	$3,203
2017-18	320 (83%)	$5,080	-	-	50 (13%)	$8,152	40 (10%)	$2,118
2018-19	368 (84%)	$4,830	-	-	28 (6%)	$8,045	49 (11%)	$3,211
2019-20	315 (79%)	$5,357	259 (65%)	$1,617	18 (5%)	$8,216	38 (10%)	$3,055
2020-21	620 (78%)	$5,755	402 (51%)	$1,401	53 (7%)	$9,744	8 (1%)	$4,219
2021-22	541 (75%)	$6,299	4 (1%)	$7,801	49 (7%)	$8,215	96 (13%)	$2,431
Average	410 (79.67%)	$5,011	222 (39.00%)	$3,606	51 (10.33%)	$8,004	39 (7.88%)	$3,973

^*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, 438 (85.11 % of students) get any students loan help and its average loan amount is $438.

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	470 (89%)	$7,402	466 (89%)	$7,398	15 (3%)	$2,107
2014-15	332 (84%)	$6,627	331 (84%)	$6,421	34 (9%)	$2,204
2015-16	470 (86%)	$6,804	470 (86%)	$6,703	19 (3%)	$2,506
2016-17	375 (83%)	$8,881	375 (83%)	$8,445	45 (10%)	$3,630
2017-18	347 (90%)	$9,004	347 (90%)	$8,331	60 (16%)	$3,893
2018-19	366 (84%)	$8,766	366 (84%)	$8,022	71 (16%)	$3,834
2019-20	335 (84%)	$8,755	335 (84%)	$8,154	49 (12%)	$4,111
2020-21	625 (79%)	$9,061	625 (79%)	$8,436	87 (11%)	$4,487
2021-22	624 (87%)	$8,742	624 (87%)	$7,771	127 (18%)	$4,774
Average	438 (85.11%)	$8,227	438 (85.11%)	$7,742	56 (10.89%)	$3,505

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