How M State'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 Minnesota State Community and Technical College since 2013.

For that period, the average number of students who received grants aid/scholarships is 3,088, which is 50.00 % of all undergraduate students. 2,267 students which is 36.56% of undergraduate students received federal student loans and the average loan amount is $5,913.

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	3,507 (54%)	$3,815	2,665 (41%)	$3,492	3,284 (51%)	$6,016
2014-15	3,374 (53%)	$3,738	2,469 (38%)	$3,416	2,948 (46%)	$5,862
2015-16	3,143 (49%)	$3,805	2,230 (35%)	$3,395	2,642 (41%)	$5,909
2016-17	2,979 (47%)	$3,957	2,080 (33%)	$3,457	2,447 (39%)	$5,859
2017-18	2,891 (45%)	$3,810	2,024 (32%)	$3,430	2,219 (35%)	$5,886
2018-19	2,767 (44%)	$3,946	1,894 (30%)	$3,511	2,072 (33%)	$5,962
2019-20	3,357 (55%)	$3,388	1,680 (28%)	$3,642	1,824 (30%)	$5,947
2020-21	2,957 (51%)	$4,044	1,527 (27%)	$3,644	1,534 (27%)	$5,885
2021-22	2,813 (52%)	$5,225	1,425 (27%)	$3,594	1,437 (27%)	$5,892
Average	3,088 (50.00%)	$3,970	1,999 (32.33%)	$3,509	2,267 (36.56%)	$5,913

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

Overview

For the last 10 years, on average, 448 (65.78 % of students) received grants or scholarships and its average amount is $4,473. It can cover 75.81% of tuition & fees ($5,900) based on out-of-state rate.

In addition, 384 (54.89 % of students) students get helped from the students loans (average amount : $5,674).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	491 (61%)	$3,998	537 (66%)	$5,616
2014-15	433 (59%)	$4,130	458 (62%)	$5,662
2015-16	454 (59%)	$4,202	438 (57%)	$5,612
2016-17	439 (61%)	$4,814	414 (58%)	$5,393
2017-18	410 (58%)	$4,369	409 (57%)	$5,685
2018-19	452 (62%)	$4,573	397 (55%)	$6,031
2019-20	563 (88%)	$3,593	332 (52%)	$5,935
2020-21	390 (72%)	$4,674	232 (43%)	$5,291
2021-22	397 (72%)	$5,902	240 (44%)	$5,844
Average	448 (65.78%)	$4,473	384 (54.89%)	$5,674

^*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, 325 (46.78 % of students) received Pell (federal) grants and its average amount is $4,200.

In addition, 261 students received State/local government grants/scholarships (38.22 % 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	410 (51%)	$3,872	19 (2%)	$673	275 (34%)	$1,095	40 (5%)	$1,542
2014-15	363 (49%)	$3,960	17 (2%)	$529	260 (35%)	$1,069	39 (5%)	$1,641
2015-16	363 (47%)	$4,037	39 (5%)	$667	289 (38%)	$1,188	56 (7%)	$1,299
2016-17	346 (48%)	$4,277	46 (6%)	$561	286 (40%)	$1,945	38 (5%)	$1,356
2017-18	327 (46%)	$4,259	48 (7%)	$595	260 (37%)	$1,226	33 (5%)	$1,558
2018-19	364 (50%)	$4,205	33 (5%)	$582	295 (41%)	$1,598	32 (4%)	$1,427
2019-20	305 (48%)	$4,464	485 (76%)	$561	249 (39%)	$1,426	28 (4%)	$1,216
2020-21	225 (41%)	$4,303	298 (55%)	$1,229	225 (41%)	$1,936	35 (6%)	$1,507
2021-22	226 (41%)	$4,424	364 (66%)	$2,344	214 (39%)	$2,015	33 (6%)	$1,789
Average	325 (46.78%)	$4,200	150 (24.89%)	$860	261 (38.22%)	$1,500	37 (5.22%)	$1,482

^*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, 384 (54.89 % of students) get any students loan help and its average loan amount is $384.

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	537 (66%)	$5,616	535 (66%)	$5,151	42 (5%)	$6,182
2014-15	458 (62%)	$5,662	455 (62%)	$5,086	44 (6%)	$6,340
2015-16	438 (57%)	$5,612	434 (57%)	$5,030	44 (6%)	$6,252
2016-17	414 (58%)	$5,393	410 (57%)	$4,867	37 (5%)	$6,413
2017-18	409 (57%)	$5,685	402 (56%)	$4,921	51 (7%)	$6,809
2018-19	397 (55%)	$6,031	394 (54%)	$5,247	48 (7%)	$6,819
2019-20	332 (52%)	$5,935	331 (52%)	$5,274	35 (5%)	$6,418
2020-21	232 (43%)	$5,291	230 (42%)	$4,859	18 (3%)	$6,102
2021-22	240 (44%)	$5,844	236 (43%)	$5,117	26 (5%)	$7,493
Average	384 (54.89%)	$5,674	381 (54.33%)	$5,061	38 (5.44%)	$6,536

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Scholarships, Grants, and Loan Trends at M State

All Undergraduate Students Financial Aid Over Time

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