by our College Data Analytics TeamA lot of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Minneapolis Community and Technical College can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial assistance options will Minneapolis Community and Technical College offer, and what will you qualify for? Read on for more information. Read on to find out just how much financial aid will be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Minneapolis Community and Technical College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Looking at the entering class at Minneapolis Community and Technical College, 80% of entering full-time freshmen got some type of financial assistance (about 426 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 73% | $5,952 |
| Institutional grants & scholarships | 9% | $2,192 |
| Federal Pell grants | 61% | $5,202 |
| State/local grants | 53% | $1,572 |
| Federal student loans | 17% | $6,370 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, roughly 62% of undergrads got grants or scholarships worth on average $4,501 (across approximately 3856 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 62% | $4,501 |
| Federal Pell grants | 40% | $3,842 |
| Federal student loans | 20% | $7,643 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $5,871.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,667 |
| $30,001 – $75,000 | $13,372 |
| Over $75,000 | $16,454 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,812 |
| Off-campus title-IV students | $13,235 |
For a customized cost estimate, visit Minneapolis Community and Technical College’s NPC: www.minnstate.edu/admissions/calculator/minneapolis.html.
The middle student in the debt distribution at Minneapolis Community and Technical College owes $10,500 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,500 |
| Median federal debt (graduates only) | $17,954 |
| Typical 10-year monthly payment (graduates) | $190.34/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
A single median figure conceals how much debt outcomes differ student to student. Use the percentiles below to see the debt range at Minneapolis Community and Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,645 |
| 25th percentile | $4,750 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $33,400 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $11,500 |
| Middle income | $9,500 |
| High income | $7,655 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,500 |
| Continuing-generation students | $10,126 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,000 |
| Independent students | $13,480 |
These indicators are derived from the underlying debt data and summarize the overall picture at Minneapolis Community and Technical College.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at Minneapolis Community and Technical College:
| Metric | Value |
|---|---|
| Stafford loan recipients | 33966 |
| Total Stafford loan amount | $539,391,679 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 51 |
| Total GI Bill amount | $211,945 |
| Average GI Bill amount per recipient | $4,156 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 7 |
| Total DoD amount | $9,141 |
| Average DoD amount per recipient | $1,306 |
References
More about our data sources and methodologies.