$5,396

Avg. Federal Grant

$5,092

Avg. Federal Loan

$9,762,009

Total Aid Awarded

University of Minnesota - Crookston (UMC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

43%

Total Aid Amount Average Total Aid Awarded per year.

$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.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

40%

State Grant Aid

36%

Institution Grant Aid

92%

Pell Grant

40%

Average Aid Awarded

Federal Grant Aid

$5,396

State Grant Aid

$4,531

Institution Grant Aid

$6,023

Pell Grant

$4,869

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$18,406

$30,001 - $48,000

$17,517

$48,001 - $75,000

$12,639

$75,001 - $110,000

$8,200

Over $110,000

$5,092

Student Loans for University of Minnesota - Crookston (UMC)

Average Loan Amount Average Loan Amount received per year.

$6,616/Year

Students Taking Out Loans

61%

Loan Default Rate

5.3%

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