$4,798

Avg. Federal Grant

$4,654

Avg. Federal Loan

$1,395,277

Total Aid Awarded

Highlands College of Montana Tech Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

39%

Total Aid Amount Average Total Aid Awarded per year.

$1.395M

Financial Aid Official Website

https://www.mtech.edu/financial-aid/

It is interesting to note that, every year, around 83% of students at HCMT receive some kind of financial aid, while the total amount of assistance/loans provided is $1,042,206. For additional information about financial assistance schemes, one can head over to HCMT’s financial aid page at https://www.mtech.edu/financial-aid/. The total percentage of candidates applying to Highlands College of Montana Tech who receive the Federal Grant is 42%. On the other hand, 53% of the candidates get the Student Grant, 18% receive the Institution Grant, and 42% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,787, while the same comes to $4,648 for State Grant receivers and $3,074 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,472. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Highlands College of Montana Tech, the percentage of candidates who opt to avail of student loans is around 52%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

3%

Institution Grant Aid

27%

Pell Grant

44%

Average Aid Awarded

Federal Grant Aid

$4,798

State Grant Aid

$3,126

Institution Grant Aid

$1,454

Pell Grant

$4,648

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$5,902

$30,001 - $48,000

$5,128

$48,001 - $75,000

$3,048

$75,001 - $110,000

$456

Over $110,000

$639

Student Loans for Highlands College of Montana Tech

Average Loan Amount Average Loan Amount received per year.

$4,654/Year

Students Taking Out Loans

50%

Loan Default Rate

N/A

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