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 21
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 2021-22 Financial Aid
Profile of 2021-22 Financial Aid
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Freshman
Financial Aid Applicants
1,384 (93.8%) of freshmen
Found to Have Financial Need
924 (66.8%) of applicants
Received Financial Aid
924 (100.0%) of applicants with financial need
Need Fully Met
333 (36.0%) of aid recipients
Average Percent of Need Met
87%
Average Award
$20,909
Need-Based Gift
Received by 738 (79.9%) of aid recipients, average amount $8,477
Need-Based Self-Help
Received by 586 (63.4%) of aid recipients, average amount $3,211
Merit-Based Gift
Received by 886 (95.9%) of aid recipients
513 (34.8%) of freshmen had no financial need and received merit aid, average amount $8,277
All Undergraduates
Financial Aid Applicants
4,362 (79.7%) of undergraduates
Found to Have Financial Need
3,258 (74.7%) of applicants
Received Financial Aid
3,247 (99.7%) of applicants with financial need
Need Fully Met
805 (24.8%) of aid recipients
Average Percent of Need Met
76%
Average Award
$18,204
Need-Based Gift
Received by 2,521 (77.6%) of aid recipients, average amount $8,279
Need-Based Self-Help
Received by 2,442 (75.2%) of aid recipients, average amount $4,251
Merit-Based Gift
Received by 2,879 (88.7%) of aid recipients
1,730 (31.6%) of undergraduates had no financial need and received merit aid, average amount $7,283
All Undergraduates
2018 Graduates Who Took Out Loans
66%
Average Indebtedness of 2018 Graduates
$37,401
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
325
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
$1,574
Undergraduate and Undergraduate Financial Aid data displayed on CollegeData’s college profiles is from the 2021-22 academic year.
A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2022 Peterson's LLC. All rights reserved.