University of Minnesota - Crookston (UMC) Financial Aid and Scholarships
Students Receiving Aid
43%
Total Aid Amount
$9.762M
Financial Aid Official Website
https://www.crk.umn.edu/units/office-financial-aid-and-scholarships
As many as 93% of the students at UMC get some sort of financial aid, and the total amount of assistance/loans provided is more than $6,936,680 in a year. One can visit UMC's financial aid page at https://www.crk.umn.edu/units/office-financial-aid-and-scholarships for more information. Notably, a total of 39% of the applicants to University of Minnesota-Crookston receive the Federal Grant every year. Meanwhile, 91% of the applicants receive the Student Grant and 91% are awarded the Institution Grant, while 39% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,827, and the same stands at $5,015 for State Grant awardees and $5,863 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,748. 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. However, student loans attract a certain rate of interest at which the funds are borrowed. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 64% of the applicants to University of Minnesota-Crookston opt for student loans.
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