by our College Data Analytics TeamA large number of students will not be asked to pay 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 price tag of going to Minnesota State Community and Technical College can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
Just what financial aid solutions can M State deliver, and just what are you going to be eligible for? Keep reading for answers. Keep reading 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 Minnesota State 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.
For incoming first-year students at Minnesota State Community and Technical College, 80% of entering full-time freshmen got some type of financial assistance approximately 453 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $5,456 |
| Institutional grants & scholarships | 6% | $2,398 |
| Federal Pell grants | 37% | $5,123 |
| State/local grants | 40% | $2,272 |
| Federal student loans | 42% | $4,935 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, approximately 45% of undergraduates were awarded grant or scholarship aid averaging $4,473 (across approximately 2434 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 45% | $4,473 |
| Federal Pell grants | 25% | $4,284 |
| Federal student loans | 23% | $5,958 |
For on-campus title-IV students, average grant aid came to $4,638.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $7,858 |
| $30,001 – $75,000 | $9,443 |
| Over $75,000 | $14,762 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $12,556 |
| Off-campus title-IV students | $11,274 |
For a customized cost estimate, visit M State’s official net price calculator: www.minnesota.edu/net-price-calculator.
A typical borrower at M State leaves with $9,360 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,360 |
| Median federal debt (graduates only) | $12,000 |
| Typical 10-year monthly payment (graduates) | $127.22/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at M State.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,700 |
| 25th percentile | $4,644 |
| 75th percentile | $15,250 |
| 90th percentile (highest-debt students) | $25,200 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,689 |
| Middle income | $9,500 |
| High income | $6,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,136 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $11,134 |
A handful of calculated indicators summarize the debt outlook at M State.
The Stafford program is the federal direct-loan vehicle most undergraduates use. Below is the annual Stafford program activity at M State:
| Metric | Value |
|---|---|
| Stafford loan recipients | 23962 |
| Total Stafford loan amount | $291,623,887 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 43 |
| Total GI Bill amount | $138,016 |
| Average GI Bill amount per recipient | $3,210 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.