How Montana Technological'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 Technological University since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,201, which is 72.67 % of all undergraduate students. 704 students which is 41.56% of undergraduate students received federal student loans and the average loan amount is $6,589.

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	1,236 (67%)	$6,360	643 (35%)	$4,290	869 (47%)	$7,048
2014-15	1,241 (66%)	$6,403	594 (31%)	$4,498	840 (44%)	$6,803
2015-16	1,189 (62%)	$6,372	569 (30%)	$4,232	809 (42%)	$6,764
2016-17	1,142 (63%)	$6,576	542 (30%)	$4,369	751 (41%)	$6,782
2017-18	1,091 (66%)	$6,445	497 (30%)	$4,604	665 (40%)	$6,643
2018-19	1,060 (67%)	$6,706	455 (29%)	$4,477	636 (40%)	$6,320
2019-20	1,089 (73%)	$6,705	430 (29%)	$4,512	631 (42%)	$6,471
2020-21	1,293 (90%)	$6,358	370 (26%)	$4,514	560 (39%)	$6,223
2021-22	1,468 (100%)	$6,209	325 (22%)	$4,411	575 (39%)	$6,247
Average	1,201 (72.67%)	$6,459	492 (29.11%)	$4,434	704 (41.56%)	$6,589

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

Overview

For the last 10 years, on average, 221 (81.78 % of students) received grants or scholarships and its average amount is $6,192. It can cover 25.10% of tuition & fees ($24,667) based on out-of-state rate.

In addition, 116 (43.33 % of students) students get helped from the students loans (average amount : $5,477).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	192 (72%)	$6,068	125 (47%)	$5,611
2014-15	215 (74%)	$5,462	123 (43%)	$5,033
2015-16	213 (74%)	$5,873	114 (40%)	$5,304
2016-17	158 (77%)	$6,405	84 (41%)	$5,638
2017-18	193 (82%)	$5,820	102 (43%)	$5,352
2018-19	216 (79%)	$7,102	114 (41%)	$5,468
2019-20	223 (82%)	$6,826	137 (50%)	$5,482
2020-21	261 (97%)	$6,253	121 (45%)	$5,718
2021-22	319 (99%)	$5,917	128 (40%)	$5,686
Average	221 (81.78%)	$6,192	116 (43.33%)	$5,477

^*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, 69 (25.67 % of students) received Pell (federal) grants and its average amount is $4,253.

In addition, 49 students received State/local government grants/scholarships (18.00 % 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	80 (30%)	$4,072	8 (3%)	$1,000	46 (17%)	$1,472	149 (56%)	$5,125
2014-15	73 (25%)	$4,341	5 (2%)	$800	37 (13%)	$1,685	190 (66%)	$4,164
2015-16	63 (22%)	$3,764	4 (1%)	$1,000	65 (23%)	$1,672	187 (65%)	$4,818
2016-17	50 (24%)	$4,149	9 (4%)	$556	47 (23%)	$1,557	134 (65%)	$5,421
2017-18	65 (28%)	$4,249	14 (6%)	$455	2 (1%)	$2,000	177 (75%)	$4,728
2018-19	78 (28%)	$4,254	18 (7%)	$500	-	-	187 (68%)	$6,381
2019-20	68 (25%)	$4,652	94 (34%)	$834	16 (6%)	$1,054	198 (73%)	$5,609
2020-21	70 (26%)	$4,340	245 (91%)	$754	95 (35%)	$971	196 (73%)	$5,363
2021-22	73 (23%)	$4,454	318 (99%)	$1,328	82 (26%)	$933	261 (81%)	$4,075
Average	69 (25.67%)	$4,253	79 (27.44%)	$803	49 (18.00%)	$1,418	187 (69.11%)	$5,076

^*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, 116 (43.33 % of students) get any students loan help and its average loan amount is $116.

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	125 (47%)	$5,611	123 (46%)	$5,348	4 (1%)	$10,883
2014-15	123 (43%)	$5,033	123 (43%)	$4,909	2 (1%)	$7,653
2015-16	114 (40%)	$5,304	114 (40%)	$4,885	5 (2%)	$9,552
2016-17	84 (41%)	$5,638	83 (40%)	$5,493	2 (1%)	$8,849
2017-18	102 (43%)	$5,352	100 (42%)	$5,126	5 (2%)	$6,664
2018-19	114 (41%)	$5,468	113 (41%)	$4,958	6 (2%)	$10,506
2019-20	137 (50%)	$5,482	135 (49%)	$4,901	9 (3%)	$9,939
2020-21	121 (45%)	$5,718	120 (44%)	$5,028	8 (3%)	$11,064
2021-22	128 (40%)	$5,686	123 (38%)	$4,996	9 (3%)	$12,593
Average	116 (43.33%)	$5,477	115 (42.56%)	$5,072	6 (2.00%)	$9,745

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Scholarships, Grants, and Loan Trends at Montana Technological

All Undergraduate Students Financial Aid Over Time

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