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 24
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 2022-23 Financial Aid
Profile of 2022-23 Financial Aid
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Freshman
Financial Aid Applicants
1,297 (93.9%) of freshmen
Found to Have Financial Need
830 (64.0%) of applicants
Received Financial Aid
829 (99.9%) of applicants with financial need
Need Fully Met
365 (44.0%) of aid recipients
Average Percent of Need Met
90%
Average Award
$22,550
Need-Based Gift
Received by 669 (80.7%) of aid recipients, average amount $9,382
Need-Based Self-Help
Received by 539 (65.0%) of aid recipients, average amount $3,102
Merit-Based Gift
Received by 813 (98.1%) of aid recipients
513 (37.1%) of freshmen had no financial need and received merit aid, average amount $9,058
All Undergraduates
Financial Aid Applicants
4,256 (78.6%) of undergraduates
Found to Have Financial Need
3,062 (72.0%) of applicants
Received Financial Aid
3,054 (99.7%) of applicants with financial need
Need Fully Met
910 (29.8%) of aid recipients
Average Percent of Need Met
79%
Average Award
$19,504
Need-Based Gift
Received by 2,325 (76.1%) of aid recipients, average amount $8,808
Need-Based Self-Help
Received by 2,237 (73.2%) of aid recipients, average amount $4,303
Merit-Based Gift
Received by 2,773 (90.8%) of aid recipients
1,912 (35.3%) of undergraduates had no financial need and received merit aid, average amount $8,014
All Undergraduates
2018 Graduates Who Took Out Loans
66%
Average Indebtedness of 2018 Graduates
$36,513
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
51
Special Achievements/Activities Award Areas
Leadership
Number of Awards
389
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
$1,765
Undergraduate and Undergraduate Financial Aid data displayed on CollegeData’s college profiles is from the 2022-23 academic year.
A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2023 Peterson's LLC. All rights reserved.