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
April 30
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 2023-24 Financial Aid
Profile of 2023-24 Financial Aid
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Freshman
Financial Aid Applicants
1,383 (94.8%) of freshmen
Found to Have Financial Need
913 (66.0%) of applicants
Received Financial Aid
912 (99.9%) of applicants with financial need
Need Fully Met
447 (49.0%) of aid recipients
Average Percent of Need Met
91%
Average Award
$24,684
Need-Based Gift
Received by 638 (70.0%) of aid recipients, average amount $8,754
Need-Based Self-Help
Received by 472 (51.8%) of aid recipients, average amount $3,079
Merit-Based Gift
Received by 901 (98.8%) of aid recipients
531 (36.4%) of freshmen had no financial need and received merit aid, average amount $10,778
All Undergraduates
Financial Aid Applicants
4,539 (80.8%) of undergraduates
Found to Have Financial Need
3,322 (73.2%) of applicants
Received Financial Aid
3,318 (99.9%) of applicants with financial need
Need Fully Met
1,010 (30.4%) of aid recipients
Average Percent of Need Met
80%
Average Award
$20,963
Need-Based Gift
Received by 2,376 (71.6%) of aid recipients, average amount $9,063
Need-Based Self-Help
Received by 2,281 (68.7%) of aid recipients, average amount $4,361
Merit-Based Gift
Received by 3,027 (91.2%) of aid recipients
1,923(34.2%)of undergraduates had no financial need and received merit aid,average amount $9,161
All Undergraduates
2024 Graduates Who Took Out Loans
60%
Average Indebtedness of 2024 Graduates
$35,798
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
Creative arts/performance scholarships
Special achievements/activities
Non-Need Awards
Academic Interest/Achievement Award Areas
Business
Number of Awards
Not reported
Creative Arts/Performance Award Areas
Applied Art and Design
Performing Arts
Theater/Drama
Number of Awards
46
Special Achievements/Activities Award Areas
Leadership
Number of Awards
318
Special Characteristics Award Areas
Children and Siblings of Alumni
Children of Faculty/Staff
International Students
Veterans
Veterans' Children
Number of Awards
Not reported
Employment
Work-Study Programs
Federal work study available
Average Earnings from On-Campus Employment
$1,844
Undergraduate and Undergraduate Financial Aid data displayed on CollegeData’s college profiles is from the 2023-24 academic year.
A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2025 Peterson's LLC. All rights reserved.