by our College Data Analytics TeamRather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.
Curious about the financial aid opportunities at M State and what you may be eligible for? Explore the answers here.
$4,740.00 is the typical Minnesota State Community and Technical College’s first year financial aid package. Approximately 94% of incoming freshmen obtain financial assistance, with the majority being offered as loans.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Concerned about the loans that may be included in your financial aid package? See the average amount of debt per student at Minnesota State Community and Technical College.
In addition to scholarships, 87% of first years (555 total) were awarded federal grant aid, averaging $2,944.00 each.
The numbers and the chart below reference predominantly federal grants, as well as some local and state grants.
87% of freshmen at Minnesota State Community and Technical College (555 total) received a federal grant, averaging $2,944.00.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 16.93% | $6,177.00 |
| Income 30k-48k | 8.46% | $5,952.00 |
| Income 48k-75k | 9.56% | $3,568.00 |
| Income 75k-110k | 5.49% | $1,114.00 |
| Income 110k + | 0.78% | $208.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
563 M State undergrads obtain grant aid (this is about 94% of the entire undergraduate student population). The average amount these students receive is $4,740.00.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.