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Southwest Montana News

Tuesday, December 3, 2024

Cost of college went up for all students at Montana Tech of the University of Montana

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In-state tuition and fees rose 4 percent for 2018-19 at Montana Tech of the University of Montana, according to recent data from the U.S. Department of Education.

Montana residents paid $7,412 to attend the four-year public institution this year – $287 more than the $7,125 charged for 2017-18.

Non-residents paid 204.6 percent more than residents this year, or $22,575. Their price tag grew 2.8 percent from $21,956 in 2017-18.

About 79 percent of the school's undergraduate population are Montana residents. About 18 percent are residents of other states and 3 percent are citizens of other countries.

Data shows 93 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 193 students received grants or scholarships totaling $1.1 million and 102 students took out student loans totaling more than $545,899.

Including all undergraduates (1,844), 1,091 students used grants or scholarships totaling $7 million, and 665 students took out $4.4 million in federal student loans.

The cost of attending
Enrollment2015-162016-172017-182018-19Change in tuition and fees 2015-16 to 2018-19
In-state~1,457$6,539$6,561$7,125$7,41213.4%
Out-of-state~332$19,571$19,984$21,956$22,57515.3%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at Montana Tech of the University of Montana in 2015-16.
Type of AidNumber of students receiving aidPercent receiving aidTotal amount of aid receivedAverage amount of aid per student
Federal grants6528%$282,555$4,347
State / local grant or scholarship-1%--
Institutional grants or scholarships17775%$836,782$4,728
Grant or scholarship aid total19382%$1,123,337$5,820
Federal student loans10042%$512,577$5,126
Other student loans52%$33,322$6,664
Student loan aid10243%$545,899$5,352
Total student aid21993%--

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