How MSU'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 since 2013.

For that period, the average number of students who received grants aid/scholarships is 7,903, which is 55.56 % of all undergraduate students. 5,677 students which is 40.11% of undergraduate students received federal student loans and the average loan amount is $6,654.

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	6,273 (48%)	$4,582	3,871 (29%)	$4,138	6,191 (47%)	$6,979
2014-15	6,107 (46%)	$4,589	3,616 (27%)	$4,153	5,994 (45%)	$6,979
2015-16	6,018 (44%)	$4,510	3,382 (25%)	$4,222	5,777 (42%)	$6,953
2016-17	6,405 (45%)	$4,539	3,449 (24%)	$4,204	6,119 (43%)	$6,928
2017-18	6,445 (44%)	$4,609	3,432 (23%)	$4,422	6,154 (42%)	$6,929
2018-19	6,618 (45%)	$7,328	3,359 (23%)	$4,801	5,866 (39%)	$6,364
2019-20	8,903 (60%)	$6,737	3,175 (22%)	$4,721	5,406 (37%)	$6,340
2020-21	9,798 (69%)	$6,578	2,884 (20%)	$4,863	4,828 (34%)	$6,213
2021-22	14,563 (99%)	$5,742	2,657 (18%)	$5,066	4,755 (32%)	$6,204
Average	7,903 (55.56%)	$5,468	3,314 (23.44%)	$4,510	5,677 (40.11%)	$6,654

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

Overview

For the last 10 years, on average, 2,296 (82.56 % of students) received grants or scholarships and its average amount is $6,099. It can cover 19.46% of tuition & fees ($31,337) based on out-of-state rate.

In addition, 1,162 (42.22 % of students) students get helped from the students loans (average amount : $6,948).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,840 (78%)	$5,585	1,107 (47%)	$6,745
2014-15	1,890 (78%)	$5,973	1,129 (46%)	$6,618
2015-16	1,892 (74%)	$5,879	1,097 (43%)	$6,719
2016-17	2,145 (73%)	$5,661	1,318 (45%)	$7,138
2017-18	2,214 (79%)	$6,276	1,285 (46%)	$6,859
2018-19	2,185 (78%)	$6,382	1,152 (41%)	$6,942
2019-20	2,557 (91%)	$7,100	1,080 (38%)	$6,758
2020-21	2,557 (92%)	$6,287	1,009 (36%)	$7,381
2021-22	3,383 (100%)	$5,749	1,278 (38%)	$7,375
Average	2,296 (82.56%)	$6,099	1,162 (42.22%)	$6,948

^*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, 581 (21.22 % of students) received Pell (federal) grants and its average amount is $4,473.

In addition, 233 students received State/local government grants/scholarships (9.75 % 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	623 (27%)	$4,057	347 (15%)	$561	311 (13%)	$3,878	1,543 (66%)	$4,114
2014-15	570 (23%)	$4,199	332 (14%)	$558	281 (12%)	$4,564	1,602 (66%)	$4,636
2015-16	571 (22%)	$4,250	356 (14%)	$566	352 (14%)	$3,676	1,610 (63%)	$4,473
2016-17	645 (22%)	$4,208	410 (14%)	$571	458 (16%)	$2,875	1,800 (61%)	$4,376
2017-18	608 (22%)	$4,573	307 (11%)	$580	81 (3%)	$8,313	1,922 (69%)	$5,340
2018-19	563 (20%)	$4,603	203 (7%)	$982	14 (0%)	$7,591	2,004 (71%)	$5,513
2019-20	568 (20%)	$4,557	1,661 (59%)	$783	83 (3%)	$9,077	2,429 (86%)	$5,562
2020-21	485 (17%)	$4,815	2,080 (75%)	$681	286 (10%)	$969	2,224 (80%)	$5,416
2021-22	598 (18%)	$4,999	3,377 (100%)	$958	234 (7%)	$981	2,093 (62%)	$6,209
Average	581 (21.22%)	$4,473	1,008 (34.33%)	$693	233 (9.75%)	$4,658	1,914 (69.33%)	$5,071

^*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, 1,162 (42.22 % of students) get any students loan help and its average loan amount is $1,162.

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	1,107 (47%)	$6,745	1,092 (47%)	$5,854	83 (4%)	$12,936
2014-15	1,129 (46%)	$6,618	1,116 (46%)	$5,909	79 (3%)	$11,104
2015-16	1,097 (43%)	$6,719	1,077 (42%)	$5,923	77 (3%)	$12,876
2016-17	1,318 (45%)	$7,138	1,297 (44%)	$6,132	102 (3%)	$14,261
2017-18	1,285 (46%)	$6,859	1,268 (45%)	$5,877	96 (3%)	$14,182
2018-19	1,152 (41%)	$6,942	1,128 (40%)	$5,174	129 (5%)	$16,752
2019-20	1,080 (38%)	$6,758	1,059 (37%)	$5,193	117 (4%)	$15,381
2020-21	1,009 (36%)	$7,381	974 (35%)	$5,191	133 (5%)	$17,984
2021-22	1,278 (38%)	$7,375	1,241 (37%)	$5,230	165 (5%)	$17,788
Average	1,162 (42.22%)	$6,948	1,139 (41.44%)	$5,609	109 (3.89%)	$14,807

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Scholarships, Grants, and Loan Trends at MSU

All Undergraduate Students Financial Aid Over Time

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