Financial Aid - MUS Strategic Plan
Make higher education more affordable by offering more need-based financial aid and scholarships
Goal 1: Access & Affordability
MUS State Funded Need-based Aid Programs
Annually, MUS students collectively receive approximately $40M per year in Federal Pell Grants. At MUS 2-year campuses, between 40% to 50% of first-time, full-time resident students receive Pell Grants, while at MUS 4-year Pell Grants are awarded to 30% to 35% of students. The Pell Grant represents $95% of the total need-based aid awarded in the MUS.
MT Access Scholarship
New in FY20, the MUS embarked on a rejuvenated effort to provide state funded need-based aid. The 2019 Legislature appropriated $1M per year for need-based aid, contingent on MUS campus foundations providing matching dollars.
As of November 2020, 95% of the matching funds have been raised for the biennium.
In FY20, approximately 2,000 students received MT Access awards of $500 per semester.
Reduce the unmet student need for financial aid (increase need-based aid)
The average amount of state funded need-based aid per student in the nation ($890 per student) is more than ten times the amount in MUS. (source: National Assoc. of State Grant and Aid Programs)
Increase the percentage of students who receive grants and scholarships, as well as the average amount awarded.