Applying For Financial Aid
Applying For Financial Aid
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Email
mtu4u@mtu.edu
Net Price Calculator
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Application Process
Application Deadline
Rolling
Award Notification
On a rolling basis beginning January 1
High School Program
College preparatory program is recommended
Methodology For Awarding Institutional Aid
Federal Methodology
Forms Required Cost
FAFSA, Code is 002292 Free
Profile of 2018-19 Financial Aid
Profile of 2018-19 Financial Aid
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Freshman
Financial Aid Applicants
1,200 (92.4% of) freshmen
Found to Have Financial Need
842 (70.2% of) applicants
Received Financial Aid
841 (99.9% of) applicants with financial need
Need Fully Met
238 (28.3% of) aid recipients%
Average Percent of Need Met
84%
Average Award
$18,626
Need-Based Gift
Received by 728 (86.6% of) aid recipients, average amount $8,708
Need-Based Self-Help
Received by 620 (73.7% of) aid recipients, average amount $3,240
Merit-Based Gift
Received by 783 (93.1% of) aid recipients
Merit-Based Gift
Received by 783 (93.1% of) aid recipients
397 (30.6% of) freshmen had no financial need and received merit aid, average amount $6,318
All Undergraduates
Financial Aid Applicants
4,331 (80.3% of) undergraduates
Found to Have Financial Need
3,395 (78.4% of) applicants
Received Financial Aid
3,379 (99.5% of) applicants with financial need
Need Fully Met
665 (19.7% of) aid recipients%
Average Percent of Need Met
72%
Average Award
$16,038
Need-Based Gift
Received by 2,628 (77.8% of) aid recipients, average amount $8,088
Need-Based Self-Help
Received by 2,767 (81.9% of) aid recipients, average amount $4,319
Merit-Based Gift
Received by 2,876 (85.1% of) aid recipients
1,438 (26.7% of) undergraduates had no financial need and received merit aid, average amount $6,086
All Undergraduates
2018 Graduates Who Took Out Loans
70%
Average Indebtedness of 2018 Graduates
$37,903
Financial Aid Programs
Financial Aid Programs
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Loans
Federal Loans
Direct Subsidized Stafford Loans
Direct Unsubsidized Stafford Loans
Direct Plus Loans
Other Loans
College/University Loans
Scholarships and Grants
Need-Based Available
Federal Pell grants
SEOG
State scholarships
Institutional scholarships
Private scholarships
Non-Need-Based Available
Academic scholarships
Creative arts/performance scholarships
Special achievements/activities
Special characteristics (minority
religious affiliation
other scholarships)
Non-Need Awards
Academic Interest/Achievement Award Areas
Business
Number of Awards
65
Creative Arts/Performance Award Areas
Applied Art and Design
Performing Arts
Theater/Drama
Number of Awards
36
Special Achievements/Activities Award Areas
Leadership
Number of Awards
95
Special Characteristics Award Areas
Children and Siblings of Alumni
Children of Faculty/Staff
International Students
Veterans
Veterans' Children
Number of Awards
1,232
Employment
Work-Study Programs
Federal work study available
Average Earnings from On-Campus Employment
$1,544