by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
Morrison Institute of Technology average financial aid offer for freshmen students is $5,110.00. Approximately 94% of incoming freshmen obtain financial assistance, with the majority being offered as loans.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Morrison Institute of Technology you could end up dealing with.
As well as scholarships, 91% of freshmen (30 total) obtained a federal grant, for about $3,489.00 a piece.
The following scholarships and grants are composed of primarily federal grants, and some local and state grants.
91% of first years at Morrison Institute of Technology (30 total) were awarded a federal grant, averaging $3,489.00.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 12.12% | $6,855.00 |
| Income 30k-48k | 6.06% | $5,660.00 |
| Income 48k-75k | 30.30% | $2,183.00 |
| Income 75k-110k | 6.06% | $394.00 |
| Income 110k + | 0.00% | $0.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
31 Morrison Institute of Technology undergrads obtain grant aid (this is about 94% of the entire undergraduate student population). The average amount these students receive is $5,110.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
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