How MSU Billings'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 Montana State University Billings since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,405, which is 60.90 % of all undergraduate students. 1,613 students which is 40.10% of undergraduate students received federal student loans and the average loan amount is $6,360.

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	2,308 (52%)	$4,408	1,648 (37%)	$3,998	2,204 (49%)	$6,368
2014-15	2,362 (54%)	$4,176	1,537 (35%)	$3,887	2,023 (47%)	$6,445
2015-16	2,003 (50%)	$4,183	1,338 (33%)	$3,846	1,835 (46%)	$6,540
2016-17	2,013 (51%)	$4,058	1,252 (32%)	$3,906	1,762 (44%)	$6,453
2017-18	1,905 (47%)	$4,497	1,286 (32%)	$4,217	1,661 (41%)	$6,565
2018-19	2,498 (63%)	$4,238	1,276 (32%)	$4,166	1,635 (41%)	$6,476
2019-20	2,552 (63%)	$4,376	1,211 (30%)	$4,145	1,505 (37%)	$6,075
2020-21	2,314 (64%)	$4,655	1,033 (29%)	$4,145	1,266 (35%)	$6,146
2021-22	3,536 (95%)	$3,877	1,002 (27%)	$4,194	1,158 (31%)	$6,189
2022-23	2,562 (70%)	$4,145	970 (26%)	$4,507	1,083 (30%)	$6,341
Average	2,405 (60.90%)	$4,261	1,255 (31.30%)	$4,101	1,613 (40.10%)	$6,360

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

Overview

For the last 11 years, on average, 437 (80.00 % of students) received grants or scholarships and its average amount is $5,194. It can cover 24.33% of tuition & fees ($21,347) based on out-of-state rate.

In addition, 283 (50.10 % of students) students get helped from the students loans (average amount : $5,251).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	516 (76%)	$5,200	419 (61%)	$5,303
2014-15	547 (78%)	$4,887	379 (54%)	$5,480
2015-16	455 (74%)	$5,041	352 (57%)	$5,285
2016-17	443 (77%)	$5,033	330 (57%)	$5,612
2017-18	400 (74%)	$5,238	273 (50%)	$5,438
2018-19	434 (81%)	$5,059	281 (52%)	$5,520
2019-20	393 (77%)	$5,600	244 (48%)	$5,117
2020-21	341 (85%)	$5,151	168 (42%)	$4,688
2021-22	465 (98%)	$5,394	209 (44%)	$4,779
2022-23	378 (80%)	$5,340	171 (36%)	$5,288
Average	437 (80.00%)	$5,194	283 (50.10%)	$5,251

^*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 11 years, on average, 227 (40.80 % of students) received Pell (federal) grants and its average amount is $4,415.

In addition, 66 students received State/local government grants/scholarships (11.00 % 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	324 (48%)	$4,168	128 (19%)	$977	174 (26%)	$1,475	369 (54%)	$2,578
2014-15	313 (44%)	$3,956	87 (12%)	$747	143 (20%)	$2,186	419 (60%)	$2,523
2015-16	234 (38%)	$4,079	72 (12%)	$669	76 (12%)	$4,424	327 (53%)	$2,920
2016-17	235 (41%)	$4,126	107 (18%)	$441	73 (13%)	$3,311	343 (59%)	$2,832
2017-18	213 (39%)	$4,452	78 (14%)	$501	27 (5%)	$4,250	287 (53%)	$3,461
2018-19	235 (44%)	$4,518	70 (13%)	$553	16 (3%)	$5,850	322 (60%)	$3,111
2019-20	218 (43%)	$4,465	115 (23%)	$770	22 (4%)	$4,524	390 (76%)	$2,665
2020-21	145 (36%)	$4,530	134 (33%)	$1,149	27 (7%)	$2,992	285 (71%)	$3,035
2021-22	177 (37%)	$4,541	459 (97%)	$1,554	24 (5%)	$2,626	281 (59%)	$3,303
2022-23	180 (38%)	$5,314	57 (12%)	$439	73 (15%)	$1,956	352 (74%)	$2,541
Average	227 (40.80%)	$4,415	131 (25.30%)	$780	66 (11.00%)	$3,359	338 (61.90%)	$2,897

^*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 11 years, on average, 283 (50.10 % of students) get any students loan help and its average loan amount is $283.

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	419 (61%)	$5,303	417 (61%)	$5,204	8 (1%)	$6,500
2014-15	379 (54%)	$5,480	375 (53%)	$5,303	10 (1%)	$8,858
2015-16	352 (57%)	$5,285	348 (57%)	$5,041	9 (1%)	$11,764
2016-17	330 (57%)	$5,612	328 (57%)	$5,414	12 (2%)	$6,347
2017-18	273 (50%)	$5,438	272 (50%)	$5,214	8 (1%)	$8,296
2018-19	281 (52%)	$5,520	280 (52%)	$5,335	7 (1%)	$8,160
2019-20	244 (48%)	$5,117	243 (48%)	$5,052	4 (1%)	$5,204
2020-21	168 (42%)	$4,688	167 (42%)	$4,398	5 (1%)	$10,623
2021-22	209 (44%)	$4,779	207 (44%)	$4,520	7 (1%)	$9,028
2022-23	171 (36%)	$5,288	166 (35%)	$4,804	12 (3%)	$8,903
Average	283 (50.10%)	$5,251	280 (49.90%)	$5,029	8 (1.30%)	$8,368

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Scholarships, Grants, and Loan Trends at MSU Billings

All Undergraduate Students Financial Aid Over Time

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