Tuition, Cost & Aid
Affordability and Cost
Average Net Price Average net price for full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who were awarded grant or scholarship aid from federal, state or local governments, or the institution. Other sources of grant aid are excluded. Aid awarded anytime during the full aid year is included.
Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
$16,463
Average Net Price By Family Income
Tuition
| In-State Tuition In-state tuition is the tuition charged by institutions to those students who meet the state's or institution's residency requirements. In-district tuition is the tuition charged by the institution to those students residing in the locality in which they attend school and may be a lower rate than in-state tuition if offered by the institution. | $19,747 |
| Out-of-State Tuition Out-of-state tuition is the tuition charged by institutions to those students who do not meet the state's or institution's residency requirements. Out-of-district tuition is the tuition charged by the institution to those students not residing in the locality in which they attend school. | $43,089 |
Additional Costs
Room and Board The weighted average for room and board and other expenses is generated as follows:
| $12,774 |
| Books and Supplies | $1,200 |
| Tuition Payment Plan | Yes |
Financial Aid: visit page
Financial Aid Email: [email protected]
Aid & Grants
0
100
80%
Need Met
Students Receiving Gift Aid Percent of undergraduate students awarded federal gift aid. Federal gift aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution. Students Receiving Grants Percent of undergraduate students awarded grant aid. Grant aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution. Students receiving state aid Students receiving federal aid
19%
Average Aid Per Year
$16,114
19%
Average Federal Grant Aid Per Year
$1,965
Average Institution Grant Aid Per Year
$13,299
17%
Average State Grant Aid Per Year
$7,562
100%
Average Federal Grant Aid Per Year
$1,965
Total Needs Based Scholarships/Grants Total amount of grant or scholarship aid awarded to all undergraduates from the federal government, state/local government, the institution, and other sources known to the institution.
$57,615,900
Total Non-Need-Based Scholarships/Grants
$19,843,287
Student Loans
Students Borrowing Loans Loans to students - Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans. Does not include PLUS and other loans made directly to parents.
51%
Average Loan Amount Per Year
$8,372
Students receiving federal loans
49%
Average Federal Loans Per Year
$5,162
Average Other Loans Per Year
$13,993
Average Debt at Graduation The median federal debt of undergraduate borrowers who graduated. This figure includes only federal loans; it excludes private student loans and Parent PLUS loans.
$19,500
Loan Default Rate
5%
US National: 7%
Median Monthly Loan Payment The median monthly loan payment for student borrowers who completed, if it were repaid over 10 years at a 5.05% interest rate.
$245
What Students Are Saying
Michigan Tech is a great school at a great price. Cheaper than most of the other state schools in Michigan with a reputation that is respected everywhere. If you're going into any engineering field, give Tech a serious consideration. You can't find a better school for it in state.
Charles from Midland, MI
The cost for college is high no matter where you go, but compared to a lot of other good schools Tech offers a great price for such a great education. I have been so happy with my education and experience for the price I pay especially hearing how unhappy some of my friends are at their much more expensive schools. But it is a lot of money and if you decide that Tech is right for you, you should make sure you take advantage of the opportunities that you pay for. If you are going to pay so much to attend Tech you should attend classes and try hard, its only worth as much as you want to put into it, if your not going to work hard than you shouldn't pay so much for school. But if you want to get a great education and work hard for it than the money is totally worth it to go to Tech.
Katherine from Honor, MI
michigan tech was actually rated the number 1 college in michigan in 2015 by the brookings institution as the top college by salary data as compared to expectations. the study predicted that the median career average salary was $69,975, but in reality it was $97,300.
brianna from shelby township, mi
Well I quite covered that in the previous:
OUT OF STATE (NOT MI)=$30,000 typical
IN-STATE (MI)=$17,000 typical and maybe a bit more (dorms)
It is the second most expensive school in Michigan second only to UofMich. The education is pretty good and Michigan Tech has a very good reputation. A college degree from Michigan Tech is very good in the eyes of many employers. In previous years (when the economy was better), most students would get internships from companies that came to the Michigan Tech career fair.
OUT OF STATE (NOT MI)=$30,000 typical
IN-STATE (MI)=$17,000 typical and maybe a bit more (dorms)
It is the second most expensive school in Michigan second only to UofMich. The education is pretty good and Michigan Tech has a very good reputation. A college degree from Michigan Tech is very good in the eyes of many employers. In previous years (when the economy was better), most students would get internships from companies that came to the Michigan Tech career fair.
Kevin from Almont, MI
Although expensive, Michigan Tech gives a high quality education in STEM subjects. If you're interested in liberal arts it's probably not worth the money, unless you're interested in applying your liberal arts degree in a technical minded company.
Rebecca from Boyne City, MI
A lot of people tell me that I can be getting the same education at a school that's much cheaper than this one, but I don't think so. Sure, some of the classes you can go anywhere for. But by attending Michigan Tech I feel like I am just getting more out of it then if I were going anywhere else. I am learning so much and I'm enjoying being here.
Kristyn from Kingsford, MI
Michigan Tech is very expensive for a state university (estimated 27k per year in-state in 2012/2013), and I do not feel that it is quite worth that much. While employers value a Michigan Tech education and will hire many high achieving students that graduate, leaving school with a ton of debt is not something that is easily remedied, even with a nice job. Tech is a great school, and you will be great at whatever you study when you graduate, but the cost may be prohibitive for some.
Ronald from Alma, MI
I'm spending my second summer in and internship so it's been worth it.
Matthew from Chaska, MN
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