Applying For Financial Aid
Applying For Financial Aid
expand icon
Email
mtu4u@mtu.edu
Net Price Calculator
Tap Here
Application Process
Application Deadline
Rolling
Award Notification
On a rolling basis beginning January 1
Methodology For Awarding Institutional Aid
Federal Methodology
Forms Required Cost
FAFSA Code is 002292 Free
Profile of 2024-25 Financial Aid
Profile of 2024-25 Financial Aid
expand icon
Freshman
Financial Aid Applicants
1,274 (93.0%) of freshmen
Found to Have Financial Need
800 (62.8%) of applicants
Received Financial Aid
800 (100.0%) of applicants with financial need
Need Fully Met
393 (49.1%) of aid recipients
Average Percent of Need Met
89%
Average Award
$27,778
Need-Based Gift
Received by 687 (85.9%) of aid recipients, average amount $10,761
Need-Based Self-Help
Received by 418 (52.3%) of aid recipients, average amount $3,242
Merit-Based Gift
Received by 772 (96.5%) of aid recipients
546 (39.9%) of freshmen had no financial need and received merit aid, average amount $11,594
All Undergraduates
Financial Aid Applicants
4,591 (79.6%) of undergraduates
Found to Have Financial Need
3,155 (68.7%) of applicants
Received Financial Aid
3,152 (99.9%) of applicants with financial need
Need Fully Met
1,035 (32.8%) of aid recipients
Average Percent of Need Met
81%
Average Award
$23,765
Need-Based Gift
Received by 2,594 (82.3%) of aid recipients, average amount $10,737
Need-Based Self-Help
Received by 2,150 (68.2%) of aid recipients, average amount $4,394
Merit-Based Gift
Received by 2,901 (92.0%) of aid recipients
2,214(38.4%)of undergraduates had no financial need and received merit aid,average amount $10,113
All Undergraduates
2024 Graduates Who Took Out Loans
61%
Average Indebtedness of 2024 Graduates
$38,019
Financial Aid Programs
Financial Aid Programs
expand icon
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
47
Special Achievements/Activities Award Areas
Leadership
Number of Awards
290
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
$2,441
Undergraduate and Undergraduate Financial Aid data displayed on CollegeData’s college profiles is from the 2024-25 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.