How Minneapolis Community and 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 Minneapolis Community and Technical College since 2013.

For that period, the average number of students who received grants aid/scholarships is 4,831, which is 62.56 % of all undergraduate students. 2,726 students which is 34.00% of undergraduate students received federal student loans and the average loan amount is $7,052.

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	6,346 (65%)	$3,465	5,329 (55%)	$3,175	4,827 (50%)	$7,442
2014-15	6,048 (65%)	$3,595	4,909 (53%)	$3,229	4,289 (46%)	$7,700
2015-16	5,318 (62%)	$3,578	4,223 (49%)	$3,167	3,512 (41%)	$7,042
2016-17	4,676 (59%)	$3,670	3,520 (44%)	$3,244	2,802 (35%)	$6,694
2017-18	4,434 (59%)	$3,650	3,376 (45%)	$3,315	2,452 (33%)	$6,528
2018-19	4,085 (59%)	$3,957	3,056 (44%)	$3,479	2,011 (29%)	$6,693
2019-20	4,636 (66%)	$3,695	3,013 (43%)	$3,377	1,871 (27%)	$6,691
2020-21	4,051 (63%)	$4,021	2,461 (38%)	$3,335	1,534 (24%)	$7,181
2021-22	3,883 (65%)	$5,133	2,403 (40%)	$3,255	1,234 (21%)	$7,497
Average	4,831 (62.56%)	$3,863	3,588 (45.67%)	$3,286	2,726 (34.00%)	$7,052

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

Overview

For the last 10 years, on average, 385 (73.44 % of students) received grants or scholarships and its average amount is $5,196. It can cover 84.80% of tuition & fees ($6,128) based on out-of-state rate.

In addition, 153 (27.78 % of students) students get helped from the students loans (average amount : $5,891).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	509 (77%)	$4,486	290 (44%)	$6,353
2014-15	488 (75%)	$4,884	253 (39%)	$6,396
2015-16	427 (72%)	$4,650	189 (32%)	$5,873
2016-17	374 (72%)	$4,833	150 (29%)	$5,551
2017-18	394 (74%)	$4,906	137 (26%)	$5,201
2018-19	343 (70%)	$5,342	113 (23%)	$5,691
2019-20	351 (75%)	$5,232	112 (24%)	$5,540
2020-21	305 (72%)	$5,415	83 (20%)	$6,523
2021-22	276 (74%)	$7,019	49 (13%)	$5,893
Average	385 (73.44%)	$5,196	153 (27.78%)	$5,891

^*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, 343 (65.00 % of students) received Pell (federal) grants and its average amount is $4,417.

In addition, 284 students received State/local government grants/scholarships (54.33 % 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	476 (72%)	$4,169	28 (4%)	$527	307 (46%)	$922	1 (0%)	$1,242
2014-15	455 (70%)	$4,412	48 (7%)	$806	374 (57%)	$902	-	-
2015-16	380 (64%)	$4,268	18 (3%)	$692	336 (57%)	$1,045	-	-
2016-17	336 (64%)	$4,342	20 (4%)	$774	297 (57%)	$1,122	-	-
2017-18	358 (67%)	$4,441	49 (9%)	$769	290 (54%)	$1,005	9 (2%)	$1,570
2018-19	304 (62%)	$4,714	70 (14%)	$795	277 (56%)	$1,153	12 (2%)	$2,037
2019-20	302 (65%)	$4,407	238 (51%)	$871	240 (52%)	$1,227	2 (0%)	$1,750
2020-21	240 (57%)	$4,445	250 (59%)	$1,034	240 (57%)	$1,236	11 (3%)	$2,706
2021-22	240 (64%)	$4,554	229 (61%)	$2,572	197 (53%)	$1,156	18 (5%)	$1,535
Average	343 (65.00%)	$4,417	106 (23.56%)	$982	284 (54.33%)	$1,085	9 (3.00%)	$1,807

^*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, 153 (27.78 % of students) get any students loan help and its average loan amount is $153.

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	290 (44%)	$6,353	290 (44%)	$6,215	6 (1%)	$6,712
2014-15	253 (39%)	$6,396	252 (39%)	$6,295	6 (1%)	$5,287
2015-16	189 (32%)	$5,873	189 (32%)	$5,831	1 (0%)	$8,000
2016-17	150 (29%)	$5,551	148 (28%)	$5,361	3 (1%)	$13,035
2017-18	137 (26%)	$5,201	137 (26%)	$5,150	1 (0%)	$7,000
2018-19	113 (23%)	$5,691	113 (23%)	$5,620	1 (0%)	$8,000
2019-20	112 (24%)	$5,540	112 (24%)	$5,310	2 (0%)	$12,859
2020-21	83 (20%)	$6,523	82 (19%)	$6,260	2 (0%)	$14,051
2021-22	49 (13%)	$5,893	49 (13%)	$5,893	-	-
Average	153 (27.78%)	$5,891	152 (27.56%)	$5,771	3 (1.00%)	$9,368

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Scholarships, Grants, and Loan Trends at Minneapolis Community and Technical

All Undergraduate Students Financial Aid Over Time

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