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How many students are received the students loans at Michigan Technological University?

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For the academic year 2022-2023, total 748 full-time, first-time students (51% of all freshmen) have received student loans (federal or other source). For all undergraduate students, total 2,696 students (47% of all students) have received federal student loans and the average loan amount is $6,030 at Michigan Technological University.

Below tables show the number and amount by source of financial aid at Michigan Technological University.
All Undergraduate Student Financial Aid at Michigan Technological University
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid5,774100%$13,579
Pell Grants1,11119%$5,009
Federal Student Loans2,69647%$6,030
Beginning Students (Freshmen) Financial Aid at Michigan Technological University
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid1,475100%-
Grants or Scholarship from All Sources1,475100%$16,114
Federal Grants1,475100%$1,965
Pell Grants25918%$4,992
Other Federal Grants1,475100%$1,089
State/Local Grants25017%$7,562
Institutional Grants1,42797%$13,299
Student Loans74851%$8,372
Federal Student Loans72849%$5,162
Other Student Loans17912%$13,993
see more grants, scholarship, student loans, and other financial aid stats

What is the Loans to students?

Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally and privately sponsored loans. Does not include PLUS and other loans made directly to parents.

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