Fin inancia ial A l Aid id Financing y ng your e educ ucation - - PowerPoint PPT Presentation

Michigan Tech

Fin inancia ial A l Aid id

Financing y ng your e educ ucation

• n

Ne Nearly 90% 90% receive aid Scholarships Loans Air Force and Army ROTC Co-ops and internships Community organizations Grants

Financial Aid

Types pes of

• f aid

Merit-ba based ed

Based on academic talent, athletic ability, and other factors

Need-ba based ed

Based on the assets and income of the prospective student and the family—complete the Free Application for Federal Student Aid (FAFSA)

Vi View o

• ur Net-Price C

Cal alcul culat ator

• r

Financial Aid

Universit ity S Scholarship ips fo for Michigan Res Residen ents

Pres esident ntial al Sc Scholar ars P s Prog

• gram

First-year students: $1,000 000 to $5,50 500

Michigan A an Alum umni L Leg egacy cy A Awar ard

Children and grandchildren of alumni: $1,000 000 over 4 years

Michigan T an Tech Transf nsfer Sc Schol

• lar

arsh ship

Considered after earning 12+ college level credits after high school graduation: $1,500 500 to $3,000 000

Financial Aid

Pr Presi sidential Sc l Schola lars P rs Progra ram

Nat ational nal Sc Scholar ars P s Prog

• gram

First-year students: $8,000 000 to $15,000 000

Alum umni L Leg egacy cy A Awar ard

Children and grandchildren of alumni: in-state tuition Transfer students: $4,000 000 to $7,000 000 Financial Aid

Universit ity S Scholarship ips fo for Non Non-Michigan Res n Residen ents

Financial Aid

Nati tional Sch cholars P Program

Un Univer ersity S Student dent A Award

Need-based grant (FAFSA): $15 150 0 - $12,000 000 per year Financial Aid

Unive versity Sch ty Scholarships and Gran ants ts for a all S Students ts

Sp Spon

• nsor

sored Sc Schol

• lar

arsh ships

Varying values and criteria

Financial Aid

Leading S ng Schol

• lars P

Progr

• gram

3 finalists receive full tuition, room and board, and $1,000 3 finalists receive full tuition

Appl pply b by Octob

• ber 1

15 of

• f your
• ur seni

nior year

One-page essay Letter of recommendation from a teacher or mentor

30 Mi Michigan n resident nts a and 10 non

• n-Mich

chigan residen ents select ected ed for

• r the on
• n-campus

pus c compe petition Mi Michigan n resident nts

27 finalists receive $10,000 Renewable for 4 years (8 semesters)

Non-Michiga gan residen ents

7 finalists receive $20,000 Renewable for 4 years (8 semesters)

mtu.edu/ad admiss ssions/ s/sc scholar ar

Com

• mpet

etitive S e Scholarships

Compete on First Robotics Competition, FIRST Tech Challenge, or VEX Robotics

Sum ummer Youth

• uth S

Scholars

Participate in a Summer Youth academic program

Michigan/Non-Michigan residents: variable amounts

FIRST ST Robotics s Scholarsh larship

Michigan/Non-Michigan residents: $4,000 per year

Major in a business program

College of

• f Busi

siness ss Imp mpact ct Scholarsh arship

Michigan/Non-Michigan residents: variable amounts up to full resident tuition

Financial Aid

*Apply to these scholarships at go.mtu.edu/apply

Com

• mpet

etitive S e Scholarships

Actively participate in VPA ensembles, productions, courses, majors, or minors

Visu sual al a and P Perf rform rming A Arts s Ta Talent Scholar arsh ship

Michigan/Non-Michigan residents: variable amounts

Husky sky I Innovat ation L Lead aders s Award ard

Michigan/Non-Michigan residents: $1,000 or $5,000 per year

Financial Aid

Any Major at Michigan Tech *Apply to these scholarships at go.mtu.edu/apply

Fe Federa ral G Gra rants ts

• Pell Grant
• Supplemental Grant

Financial Aid

Federal an and St State te A Aid

St Stat ate of

• f Michigan P

n Prog

• grams
• Michigan Competitive Scholarship
• Tuition Incentive Program (TIP)
• GEAR UP

College W ege Work S Study dy

Feder eral Di Direct S Subs bsidi dized L ed Loans Fede deral al D Direc ect U Unsub subsi sidized L Loans

• ans

Par arent ent P PLUS L S Loan

• ans

Alter erna native L Loans

• ans
• Elms

msel elec ect.c .com Financial Aid

Types pes of

• f Loa
• ans

New studen ent award notifications are sent beginning December 31 for FAFSAs processed by De Decem cember er 1 Financial al Aid a award ard letters s show the estimated Cost of Attendance (COA), the Estimated Family Contribution (EFC), and the aid offered Financial Aid

Award Not Notices es

Sc Schol

• lar

arsh ship Sou Source ces

• Federal, state, institutional
• Regional organizations and foundations
• Local community: high school,

professional, business, fraternal, religious Financial Aid

Additiona

• nal R

Resou

• urces

Web s eb sear earch ches

• scholarshipamerica.org
• goingmerry.com
• fastweb.com
• blogs.mtu.edu/finaid
• michigan.gov/mistudentaid

Studen ent Fi Fina nanc ncial S Ser ervices C Cent enter er

888-688-1885 | mtu.edu/finaid | finaid@mtu.edu