Michigan Technological University

In 2022, tuition for full-time Michigan Tech students was $18,074 a year for in-state students and $41,022 a year for out-of-state students.

On average, colleges raise tuition about 3% each year.

Remember, the total cost of tuition isn't the final cost for attending college. Many students owe far less than the sticker price after grants, scholarships, and tuition discounts kick in. And, student loans can make theprice of collegefeel more doable until after graduation.

Tuition for international students at Michigan Technological University is $41,022 per year.

Michigan Technological University meets 78.8% of the demonstrated financial need for undergraduates. First-year students that attend Michigan Technological University full-time are awarded $22,550 a year in financial aid, on average.

Graduates in the class of 2023 had an average of $36,513 in student loans per borrower.

Michigan Technological University: In-state vs. Out-of-State Tuition

Michigan Technological University is a public, state institution, which means it offers a reduced tuition rate of $18,074 for in-state students who attend full-time.Non-Michigan residents can expect to pay 41,022 per year for tuition.

Public schools receive funds from the state to help them cover costs. These institutions offer a lower cost of attendance for students who are residents of that state.

Choosing a college where you qualify for in-state status can cut the cost of college tuition. Take the time to check your state's rules for in-state tuition. Every state has its own rules about what makes someone eligible for in-state tuition. The most common requirement is that students must have lived in the state for a full year before starting school. There may be other criteria too, depending on where you live.

Explore other Michigan colleges

Michigan Technological University International Student Tuition

Michigan Technological University has the same tuition for international students as for those from out of state.

International students at Michigan Technological University usually pay around $41,022 per year, before any scholarships, grants or other financial aid.

International students usually do not qualify for for federal financial aid, but may qualify for private or Michigan Technological University-specific grants, scholarships, and other funding opportunities. International students who demonstrate financial need may be eligible for the following types of financial support at Michigan Technological University:

•On-campus jobs •Michigan Technological University-specific loans •Michigan Technological University-specific scholarships

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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Michigan Technological University Room, Board, Fees, and More

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In addition to tuition, room and board, books, transportation and fees are also costs it consider when planning for college. Let's take a look at what impacts these costs, and what to expect at Michigan Technological University.

House and Food Costs at Michigan Technological University

Housing and campus dining at Michigan Technological University costs $12,058 a year. This number covers the cost of living in dorms or other on-campus housing, and a dining plan that enables you to eat in the school dining facilities. Students who do not live on-campus but still want to use the dining facilities can pay for a meal plan. The cost of board-only is $6,757.

Meal-plan costs can depend on how many meals are included in the plan you choose.

How Much Do Books Cost at Michigan Technological University?

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy used textbooks and materials.

Yearly Fees

The majority of colleges also have fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.

There may be optional fees associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Many schools have resources for students who may struggle to participate because of cost can find ways to lower or eliminate these costs.

Transportation costs

The cost of transportation in college can really vary. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus easy to get around on foot? Do you plan to bring a car or are you planning to use busses, subways, or other modes of transportation? All of these questions can drastically impact your transportation budget. At Michigan Technological University, freshman are allowed to park on campus.

A school's location can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in a city can be expensive, but there may be more buses, trains or low-cost flight options to actually get to school. Michigan Technological Universityis in a town in Michigan.

Other Costs

When creating a budget for college, don’t forget to leave some room in your budget for the cost of things like entertainment, clothes, furnishings and toiletries.

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Total Tuition and Expenses at Michigan Technological University

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Now, let’s look at the breakdown of all expenses, to get a better idea of what is really costs to go to Michigan Technological University.

Total Cost of Michigan Technological University

What will the cost of attending Michigan Technological University be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
In-state Tuition	$18,074
Out-of-State Tuition	$41,022
Room and Board	$12,058
Board Only	$5,301
Other expenses	$1,740

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Tuition and fees may vary depending on program, course level, location, and more.

Michigan Technological University’s tuition and fees change based on: •Academic program for both full and part-time students •Course load for part-time students

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Financial Aid at Michigan Technological University

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The majority of Michigan Technological University undergrads use financial aid to to cover the cost of tuition. In 2023, 3,054 of the 5,882 undergrads enrolled received financial aid. Michigan Technological University meets 78.8% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $22,550 a year. Around 65.8% of Michigan Technological University undergrads take out student loans to cover any remaining costs. Michigan Technological University graduates who have student loans graduate with an average of $36,513 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$21,796
Michigan Technological University-Specific Loans	$5,444
Private Loans	$45,265

Most Common Loans for Michigan Technological University Students
Federal Loans	64.5%
Institutional Loans	1%
Private loans	21.9%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Michigan Technological University financial aid, keep reading, or visit their financial aid website.

Scholarships at Michigan Technological University

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Michigan Technological University awarded 2,325 need-based scholarships to students, giving away total of $49 million to help students with financial need cover the cost of school. An additional $17.8 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of Michigan Technological University

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Michigan Technological University students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Michigan Technological University was $22,550 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Michigan Technological University seem more manageable.

Estimated Net Cost for Full-Time Students
In-State, On-Campus	$-12,910
Net In-state, Off-campus	$2,883
Out-of-State, On-Campus	$32,588

Note: a negative number can indicate that a refund will be given to use toward other expenses such as housing, fees, and books. In such cases, be sure to reach out to the school directly for any clarification or questions.

What will attending Michigan Technological University really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Michigan Technological University's net cost calculator on their website.

Michigan Technological University Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Michigan Technological University does not have guaranteed tuition.

Michigan Technological University offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.

Does Michigan Tech Offer Tuition Waivers?

Schools sometimes waiver tuition for certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student.

Michigan Tech has some full or partial tuition waivers available for: - X - Employees or Children of Employees

Check the financial aid website for more information on payment plans and tuition waivers.

Michigan Technological University's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

As of 2022, the total market value of Michigan Technological University's endowment was $147.6 million. The average college endowment was $905 million in 2021. For each full-time student, Michigan Technological University spends about $9,657 a year.

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Learn More About Michigan Technological University

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