Moraine Park Technical College Financial Aid and Scholarships
Students Receiving Aid
25%
Total Aid Amount
$4.481M
Financial Aid Official Website
www.morainepark.edu/financial-aid/
As many as 69% of the students at MPTC get some sort of financial aid, and the total amount of assistance/loans provided is more than $3,045,928 in a year. More information regarding the financial assistance schemes can be accessed on MPTC’s official financial aid page at http://www.morainepark.edu/financial-aid/. Notably, a total of 40% of the applicants to Moraine Park Technical College receive the Federal Grant every year. Meanwhile, 53% of the applicants receive the Student Grant and 15% are awarded the Institution Grant, while 40% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,463, the State Grant receivers and Institution Grant beneficiaries get $1,104 and $915, respectively. On the other hand, the average aid received by the Pell Grant awardees is $3,241. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 35% of the applicants to Moraine Park Technical College opt for student loans.
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