$4,822

Avg. Federal Grant

$5,556

Avg. Federal Loan

$32,218,828

Total Aid Awarded

University of Montana (UM) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

62%

Total Aid Amount Average Total Aid Awarded per year.

$32.219M

Financial Aid Official Website

www.umt.edu/finaid/

As many as 88% of the students at TUM get some sort of financial aid, and the total amount of assistance/loans provided is more than $30,653,349 in a year. One can visit TUM's financial aid page at http://www.umt.edu/finaid/ for more information. The total percentage of candidates applying to The University of Montana who receive the Federal Grant is 38%. In comparison, 74% of the students are awarded the Student Grant, 55% get the Institution Grant, and 38% of the applicants receive the Pell Grant. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,549. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. 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. Every year, around 51% of the applicants to The University of Montana opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

38%

State Grant Aid

N/A

Institution Grant Aid

49%

Pell Grant

38%

Average Aid Awarded

Federal Grant Aid

$4,822

State Grant Aid

N/A

Institution Grant Aid

$5,229

Pell Grant

$4,704

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,059

$30,001 - $48,000

$4,103

$48,001 - $75,000

$2,693

$75,001 - $110,000

$1,202

Over $110,000

$1,074

Student Loans for University of Montana (UM)

Average Loan Amount Average Loan Amount received per year.

$6,104/Year

Students Taking Out Loans

57%

Loan Default Rate

11%

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