by our College Data Analytics TeamThe majority of students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Montana Technological University can seem tremendous, but do not forget that almost all students are given some form of financial help.
Just what financial aid solutions can Montana Tech deliver, and just what are you going to be eligible for? Keep reading for answers. Keep scrolling to see just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Montana Technological University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
At Montana Technological University, 96% of first-year full-time students received aid of some kind around 276 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $6,316 |
| Institutional grants & scholarships | 70% | $4,596 |
| Federal Pell grants | 27% | $5,220 |
| State/local grants | 32% | $1,544 |
| Federal student loans | 43% | $4,928 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, around 74% of undergraduate students received gift aid averaging $7,435 (among about 1059 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 74% | $7,435 |
| Federal Pell grants | 24% | $5,117 |
| Federal student loans | 39% | $5,989 |
Title-IV recipients living on campus saw average grant aid of $6,305.
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 | $12,328 |
| $30,001 – $75,000 | $14,962 |
| Over $75,000 | $18,524 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $16,481 |
| Off-campus title-IV students | $16,240 |
To get a personalized net price estimate, try Montana Tech’s official net price calculator: www.mtech.edu/financial-aid/cost/.
A typical borrower at Montana Tech leaves with $9,847 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $9,847 |
| Median federal debt (graduates only) | $18,750 |
| Typical 10-year monthly payment (graduates) | $198.78/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The median alone does not show how widely outcomes vary across the student body. The figures below chart the debt distribution at Montana Tech.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $25,575 |
| 90th percentile (highest-debt students) | $37,525 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $10,500 |
| Middle income | $9,361 |
| High income | $9,724 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $10,400 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,250 |
| Independent students | $13,217 |
A handful of calculated indicators summarize the debt outlook at Montana Tech.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Montana Tech:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7465 |
| Total Stafford loan amount | $119,934,098 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 31 |
| Total GI Bill amount | $234,839 |
| Average GI Bill amount per recipient | $7,575 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 4 |
| Total DoD amount | $12,750 |
| Average DoD amount per recipient | $3,188 |
References
More about our data sources and methodologies.