by our College Data Analytics TeamMany students attending Minneapolis Community and Technical College can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Interested in understanding the financial aid resources available at Minneapolis Community and Technical College and your eligibility? Find the answers you seek below.
$5,150.00 is the typical Minneapolis Community and Technical College’s first year financial aid package. Financial aid is provided to about 82% of first-year students, with the bulk of support coming in the form of loans.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Student debt really should be considered to be an added expense and not as “aid” or a “discount”. Find more about student loan debt at Minneapolis Community and Technical College.
In addition to scholarships, 72% of first years (336 total) were awarded federal grant aid, averaging $4,578.00 each.
These grants and scholarships consist of mostly federal grants, as well as some local and state awards.
72% of first years at Minneapolis Community and Technical College (336 total) were awarded a federal grant, averaging $4,578.00.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 37.12% | $5,530.00 |
| Income 30k-48k | 13.52% | $5,193.00 |
| Income 48k-75k | 8.15% | $4,322.00 |
| Income 75k-110k | 1.93% | $2,287.00 |
| Income 110k + | 0.21% | $133.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
Of the 466 undergraduate students at Minneapolis Community and Technical College around 82% (351 total) receive some form of grant aid. The typical amount awarded was $5,150.00.The largest share of which are in the guise of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.