Undergraduate Financial Aid by Type

The average amount of grants of scholarship aid is $13,579 and the average loan amount is $6,030. The average financial aid amount is 31.51% of tuition & fees based on out-of-state rate (tuition & fees: $43,089).
Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Grant or scholarship aid5,774 100%$78,405,657$13,579
Pell Grants1,111 19%$5,564,608$5,009
Federal Students Loans2,696 47%$16,257,937$6,030

Undergraduate Student Financial Aid Comparison Chart

First-time (full-time) Undergraduate Students Financial Aid

For the full-time, first-time undergraduate students (freshmen, in most cases), 1,475 students have received one or more types of financial aid at Michigan Technological University.
The average amount of federal, state, local or institutional grant aid is $16,114 and the average amount of student loans awarded to full-time first-time undergraduate students is $8,372.
The following table shows the financial data by type of aid at Michigan Technological University.

First-time Undergraduate Financial Aid by Type

Number Receiving AidPercent Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid1,475100%--
Grant or scholarship aid1,475 100%$23,767,716$16,114
Federal Grants1,475 100%$2,898,923$1,965
Pell Grants259 18%$1,292,928$4,992
Other Federal Grants1,475 100%$1,605,995$1,089
State/Local Grants250 17%$1,890,543$7,562
Institutional Grants1,427 97%$18,978,250$13,299
Student Loans748 51%$6,262,524$8,372
Federal Student Loans728 49%$3,757,770$5,162
Other Student Loans179 12%$2,504,754$13,993

Financial Aid by Income Level

The following table summarizes the number of schools receiving financial aid and its average amount by income levels at Michigan Technological University.
Income Level# of Students# of Students Receiving AidTotal Amount of Aid ReceivedAverage Amount of Aid Received
All Income Level--$9,579,077$15,014
0 - $30,00076 76$1,865,083$24,541
$30,001 - $48,00088 88$2,184,471$24,824
$48,001 - $75,00096 96$1,680,382$17,504
$75,001 - $110,000148 148$2,096,159$14,163
$110,001 - more230 222$1,752,982$7,622

Paid Tuition Rates by Residency

At Michigan Technological University, for the first-time/full-time students, 1,113 students have paid in-state rate of tuition and 362 students have paid out-of-state tuition rate.
# of Students
In-District Rate0
In-State Rate1,113
Out-of-State Rate362
Un-known0

Number of Students by Living Arrangement (Freshmen)

At Michigan Technological University, 1,003 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 0 students live off-campus. In addition, 81 students live with their family.
# of Students
Living On-Campus1,003
Living Off-Campus0
Living with Family81
Un-known0