University of Minnesota-Morris Financial Aid and Scholarships
Students Receiving Aid
86%
Total Aid Amount
$16.245M
Financial Aid Official Website
https://onestop.morris.umn.edu/finances
As many as 98% of the students at UMM get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,007,915 in a year. More information regarding the financial assistance schemes can be accessed on UMM’s official financial aid page at https://onestop.morris.umn.edu/finances. The total percentage of candidates applying to University of Minnesota-Morris who receive the Federal Grant is 44%. In comparison, 95% of the students are awarded the Student Grant, 94% get the Institution Grant, and 35% of the applicants receive the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,512, and the same stands at $5,307 for State Grant awardees and $7,506 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,708. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 University of Minnesota-Morris, the percentage of candidates who opt to avail of student loans is around 61%.
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