Financial Aid Awards for Academic Year 2023-2024

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	288			138
Any Aid	286	96%		111	80%		91%
Grant or Scholarship Aid	238	83%	$6,315	72	52%	$4,560	73%
Federal grants (including Pell grants)	78	27%	$5,490	44	32%	$5,082	29%
Pell grants	78	27%	$5,220	44	32%	$4,797	29%
Other Federal grants	34	12%	$621	23	17%	$545	13%
State/local government grants or scholarships	92	32%	$1,544	30	22%	$2,272	29%
Institutional grants or scholarships	203	70%	$4,596	21	15%	$1,741	53%
Loans to student	127	44%	$6,464	74	54%	$6,475	47%
Federal loans	125	43%	$4,928	66	48%	$4,158	45%
Other loans	17	6%	$12,052	18	13%	$11,375	8%

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	1,435			699
Grant or Scholarship Aid	1,059	74%	$7,435	492	70%	$2,666	73%
Pell Grants	341	24%	$5,117	94	13%	$4,659	20%
Federal student loans	563	39%	$5,989	146	21%	$4,789	33%
Degree Seeking	1,428			343
Grant or Scholarship Aid	1,059	74%	$7,435	1194	57%	$5,341	71%
Pell Grants	341	24%	$5,117	94	27%	$4,659	25%
Federal student loans	563	39%	$5,989	146	43%	$4,789	40%
Non Degree Seeking	7			356
Grant or Scholarship Aid	0	0%		298	84%	$924	82%

SOURCE: IPEDS FINANCIAL AID SURVEY

Official Cohort Default Rates

Fiscal Year	FY2019	FY2020	FY2021
Default Rate	2.8%	0%	0%
Number in Default	15	0	0
Enrollment Figures	3,090	2,954	N/A
National Default Rate	2.3%	0%	0%

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