$3,753

Avg. Federal Grant

$4,066

Avg. Federal Loan

$3,694,132

Total Aid Awarded

MTI College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

73%

Total Aid Amount Average Total Aid Awarded per year.

$3.694M

Financial Aid Official Website

www.mticollege.edu/services/financial-aid/

Among them are scholarship programs such as AWA Scholarship Awards, Anne Rudin Scholarship, CCNMA Scholarship, and Cal Grant A. As many as 81% of the students at MC get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,058,079 in a year. Notably, a total of 62% of the applicants to MTI College receive the Federal Grant every year. Meanwhile, 69% of the applicants receive the Student Grant and 3% are awarded the Institution Grant, while 60% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $3,824, and the same stands at $2,142 for State Grant awardees and $2,524 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $3,385. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At MC, an estimated number of 74% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

65%

State Grant Aid

25%

Institution Grant Aid

3%

Pell Grant

65%

Average Aid Awarded

Federal Grant Aid

$3,753

State Grant Aid

$2,527

Institution Grant Aid

$1,701

Pell Grant

$3,620

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$3,813

$30,001 - $48,000

$5,557

$48,001 - $75,000

$2,568

$75,001 - $110,000

N/A

Over $110,000

N/A

Student Loans for MTI College

Average Loan Amount Average Loan Amount received per year.

$4,066/Year

Students Taking Out Loans

73%

Loan Default Rate

11.5%

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