Financial Aid Awards for Academic Year 2022-2023

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	307			119
Any Aid	286	93%		102	86%		91%
Grant or Scholarship Aid	247	80%	$5,702	68	57%	$5,224	74%
Federal grants (including Pell grants)	63	21%	$5,465	45	38%	$4,770	25%
Pell grants	63	21%	$5,182	45	38%	$4,488	25%
Other Federal grants	29	9%	$614	23	19%	$551	12%
State/local government grants or scholarships	90	29%	$1,155	23	19%	$4,565	27%
Institutional grants or scholarships	215	70%	$4,466	20	17%	$1,779	55%
Loans to student	156	51%	$5,999	61	51%	$5,947	51%
Federal loans	155	50%	$4,808	59	50%	$4,393	50%
Other loans	15	5%	$12,711	10	8%	$10,359	6%

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	1,437			655
Grant or Scholarship Aid	1,011	70%	$7,116	489	75%	$2,568	72%
Pell Grants	307	21%	$4,745	102	16%	$4,275	20%
Federal student loans	596	41%	$6,115	137	21%	$5,206	35%
Degree Seeking	1,424			322
Grant or Scholarship Aid	1,008	71%	$7,135	206	64%	$5,170	70%
Pell Grants	307	22%		102	32%
Federal student loans	596	42%		137	43%
Non Degree Seeking	13			333
Grant or Scholarship Aid	3	23%	$669	283	85%	$673	83%

SOURCE: IPEDS FINANCIAL AID SURVEY

Official Cohort Default Rates

Fiscal Year	FY2018	FY2019	FY2020
Default Rate	7.6%	2.8%	0%
Number in Default	44	15	0
Enrollment Figures	3,252	3,090	2,954
National Default Rate	7.3%	2.3%	0%

SOURCE: https://fsapartners.ed.gov/knowledge-center/topics/default-management