photo by Ashley Belvin

Financial Aid Awards for Academic Year 2019-2020

Full-time, First-time Degree Seeking Undergraduates
Type of Aid North Campus South Campus Montana Tech Total
N Percent Receiving Aid Average Amount N Percent Receiving Aid Average Amount
Full-time, first-time degree seeking undergraduates 273 129
Any Aid 255 93% 114 88% 92%
Grant or Scholarship Aid 223 82% $6,826 82 64% $3,779 76%
Federal grants (including Pell grants) 116 42% $3,403 61 47% $3,933 44%
Pell grants 68 25% $4,652 53 41% $4,042 30%
Other Federal grants 94 34% $834 37 29% $694 33%
State/local government grants or scholarships 16 6% $1,054 9 7% $2,013 6%
Institutional grants or scholarships 198 73% $5,609 41 32% $1,265 59%
Loans to student 137 50% $5,482 73 57% $4,492 52%
Federal loans 135 49% $4,901 73 57% $4,360 52%
Other loans 9 3% $9,939 2 2% $4,841 3%

Awards to Undergraduates
Type of Aid North Campus South Campus Montana Tech Total
N Percent Receiving Aid Average Amount N Percent Receiving Aid Average Amount Percent Receiving Aid
Undergraduate Students 1493 707
Grant or Scholarship Aid 1089 73% $6,705 551 78% $2,362 75%
Pell Grants 430 29% $4,512 144 20% $4,326 26%
Federal student loans 631 42% $6,471 191 27% $4,970 37%

SOURCE: IPEDS FINANCIAL AID SURVEY

 

Official Cohort Default Rates
Cohort Default Rate (CDR) FY2016 FY2017 FY2018
Number in Default 67 66 44
Enrollment Figures 3585 3695 3453
Montana Tech Default Rate 11.4% 11.5% 7.6%
National Default Rate 10.1% 9.7% 7.3%

SOURCE: https://www2.ed.gov/offices/OSFAP/defaultmanagement/cdr.html