photo by Ashley Belvin

Financial Aid Awards for Academic Year 2020-2021

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 270 132
Any Aid 266 99% 120 91% 96%
Grant or Scholarship Aid 261 97% $6,253 105 80% $3,719 91%
Federal grants (including Pell grants) 261 97% $1,872 102 77% $3,023 90%
Pell grants 70 26% $4,340 47 36% $4,707 29%
Other Federal grants 245 91% $754 91 69% $958 84%
State/local government grants or scholarships 95 35% $971 16 12% $886 28%
Institutional grants or scholarships 196 73% $5,363 47 36% $1,446 60%
Loans to student 121 45% $5,718 66 50% $4,822 47%
Federal loans 120 44% $5,028 63 48% $4,492 46%
Other loans 8 3% $11,064 3 2% $11,747 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 1431 679
Grant or Scholarship Aid 1,293 90% $6,358 585 86% $2,225 89%
Pell Grants 370 26% $4,514 126 19% $4,944 24%
Federal student loans 560 39% $6,223 156 23% $6,085 34%

SOURCE: IPEDS FINANCIAL AID SURVEY

 

Official Cohort Default Rates
Cohort Default Rate (CDR) FY2016 FY2017 FY2018
Number in Default 66 44 15
Enrollment Figures 3,695 3,453 3,090
Montana Tech Default Rate 11.5% 7.6% 2.8%
National Default Rate 9.7% 7.3% 10.1%

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