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


  1. Michigan Tech Fin inancia ial A l Aid id

  2. Financing y ng your e educ ucation on Ne Nearly 90% 90% receive aid Scholarships Grants Loans Air Force and Army ROTC Co-ops and internships Community organizations

  3. Financial Aid Types pes of of 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 our Net-Price C Cal alcul culat ator or

  4. Financial Aid Universit ity S Scholarship ips fo for Michigan Res Residen ents Pres esident ntial al Sc Scholar ars P s Prog ogram 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 olar arsh ship Considered after earning 12+ college level credits after high school graduation: $1,500 500 to $3,000 000

  5. Financial Aid Pr Presi sidential Sc l Schola lars P rs Progra ram

  6. Financial Aid Universit ity S Scholarship ips fo for Non-Michigan Res Non n Residen ents Nat ational nal Sc Scholar ars P s Prog ogram First-year students: $8,000 000 to $15,000 000 Transfer students: $4,000 000 to $7,000 000 Alum umni L Leg egacy cy A Awar ard Children and grandchildren of alumni: in-state tuition

  7. Financial Aid Nati tional Sch cholars P Program

  8. Financial Aid Unive versity Sch ty Scholarships and Gran ants ts for a all S Students ts Univer Un ersity S Student dent A Award Need-based grant (FAFSA): $15 150 0 - $12,000 000 per year Sp Spon onsor sored Sc Schol olar arsh ships Varying values and criteria

  9. Financial Aid Leading S ng Schol olars P Progr ogram Appl pply b by Octob ober 1 15 of of your our seni nior year One-page essay Letter of recommendation from a teacher or mentor 30 Mi Michigan n resident nts a and 10 non on-Mich chigan residen ents select ected ed for or the on on-campus pus c compe petition Michigan Mi n resident nts 3 finalists receive full tuition, room and board, and $1,000 27 finalists receive $10,000 Renewable for 4 years (8 semesters) Non-Michiga gan residen ents mtu.edu/ad admiss ssions/ s/sc scholar ar 3 finalists receive full tuition 7 finalists receive $20,000 Renewable for 4 years (8 semesters)

  10. Financial Aid Com ompet etitive S e Scholarships Sum ummer Youth outh S Scholars Participate in a Summer Youth academic program Michigan/Non-Michigan residents: variable amounts FIRST ST Robotics s Scholarsh larship Compete on First Robotics Competition, FIRST Tech Challenge, or VEX Robotics Michigan/Non-Michigan residents: $4,000 per year College of of Busi siness ss Imp mpact ct Scholarsh arship Major in a business program Michigan/Non-Michigan residents: variable amounts up to full resident tuition *Apply to these scholarships at go.mtu.edu/apply

  11. Financial Aid Com ompet etitive S e Scholarships Husky sky I Innovat ation L Lead aders s Award ard Any Major at Michigan Tech Michigan/Non-Michigan residents: $1,000 or $5,000 per year Visu sual al a and P Perf rform rming A Arts s Ta Talent Scholar arsh ship Actively participate in VPA ensembles, productions, courses, majors, or minors Michigan/Non-Michigan residents: variable amounts *Apply to these scholarships at go.mtu.edu/apply

  12. Financial Aid Federal an and St State te A Aid Fe Federa ral G Gra rants ts • Pell Grant • Supplemental Grant College W ege Work S Study dy Stat St ate of of Michigan P n Prog ograms • Michigan Competitive Scholarship • Tuition Incentive Program (TIP) • GEAR UP

  13. Financial Aid Types pes of of Loa oans Feder eral Di Direct S Subs bsidi dized L ed Loans Fede deral al D Direc ect U Unsub subsi sidized L Loans oans Par arent ent P PLUS L S Loan oans Alter erna native L Loans oans Elms msel elec ect.c .com •

  14. Financial Aid Award Not Notices es 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

  15. Financial Aid Additiona onal R Resou ources Schol Sc olar arsh ship Sou Source ces • Federal, state, institutional • Regional organizations and foundations • Local community: high school, professional, business, fraternal, religious Web s eb sear earch ches • scholarshipamerica.org • goingmerry.com • fastweb.com • blogs.mtu.edu/finaid • michigan.gov/mistudentaid

  16. Studen ent Fi Fina nanc ncial S Ser ervices C Cent enter er 888-688-1885 | mtu.edu/finaid | finaid@mtu.edu

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