M
#3 Best Public Universities in Michigan

Michigan Tech Tuition & Cost

Houghton, Michigan

 1 Reviews

How much does it cost to attend?

In State Michigan Resident Sticker Price

$32,210
In State Costs for Michigan Technological University
Fee Cost
Tuition$16,654
Other Fees$312
Books and Supplies$1,200
Room and Board $11,655
Other Expenses Budget$2,389

Out of State Resident Sticker Price

$53,356
Out of State Costs for Michigan Technological University
Fee Cost
Tuition$37,800
Other Fees$312
Books and Supplies$1,200
Room and Board $11,655
Other Expenses Budget$2,389

In-State Tuition

In-state tuition at Michigan Technological University for undergraduate students residing in Michigan is $16,654. Room and board charges total $11,655 per year. Students will also need to budget for books and supplies, which typically amount to $1,200 annually. Other administrative or academic fees are $312 for the year. Additionally, students should plan an estimated $2,389 for other miscellaneous expenses throughout the year. In sum, residents attending Michigan Technological University full time should expect a total annual cost of $32,210.

Out-of-State Tuition

Undergraduate tuition at Michigan Technological University is $37,800 for out-of-state students. Additionally, out-of-state students are charged $11,655 for room and board, $1,200 for textbooks and educational resources, plus fees of $312. Students are advised to budget $2,389 for other expenses. When these costs are combined, annual out-of-state charges total $53,356. This figure is 65.7% higher than what Michigan residents pay.

Housing Costs

On campus room and board is provided by the school at a cost of $11,655 per academic year. Students electing to live off campus elsewhere in Houghton should budget at least this amount.

Books and Supplies

The estimated annual cost for books and educational supplies is $1,200.

Other Living Expenses

If living on-campus, students should budget for $2,389 in additional living expenses. Off-campus students should budget for $2,389 in other miscellaneous living expenses.

All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

The average reported annual net price for Michigan Technological University for students receiving grants or scholarship aid was $17,356* in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses.

Average Net Price 2019/2020

$17,356

Below is the average net price by student family income.

Net Price by Income Michigan Technological University
Family Income Net Price Paid
$0 to $30,000$5,520
$30,001 to $48,000$8,983
$48,001 to $75,000$11,794
$75,001 to $110,000$17,069
$110,000+$22,086

The net price provides a more realistic estimate of the true cost of attending Michigan Technological University, once common grants and scholarships have been taken into account. It's important to note that your net price will fluctuate based on factors such as family income, assets and individual financial need. Net price is the out-of-pocket total cost that students end up paying or financing though student loans.

*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2019/2020 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Financial Aid

99% of full-time undergrad Michigan Technological University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $13,946 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back.

Pell Grants

21 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2019/2020 was $4,628. To apply for a Pell Grant to attend Michigan Technological University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Student Loans

53% of students received Federal Student Loans averaging $5,069 and 14% of undergrads took out private student loans averaging $11,814.

Finanical Aid Michigan Technological University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $13,946 99%
Institutional Grants and Scholarships $11,508 95%
Pell Grants $4,628 21%
Other Federal Grants $681 90%
State and Local Grants $5,491 23%
Federal Student Loans $5,069 53%
Other Student Loans $11,814 14%

Financial Aid Mix - $32,210 In-State Total Cost

CollegeSimply has modeled example payment coverage for the annual in-state tuition and living expenses of $32,210. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

47%
17%
36%

Grants and Scholarships

47% - $13,946

Money granted to you by the U.S. Department of Education, Michigan Technological University or other organizations. These are not loans and do not need to be repaid.

Federal Student Loans

17% - $5,069

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket Cost

36% -  $10,806

Covered by family savings, work or private student loans which you will have to repay.

Student Loans

To gauge a more realistic picture of what it really could cost you out of pocket to go to Michigan Technological University, we've modeled a ten year student loan with an original principal value of $69,424. The loan balance of $69,424 is a four year multiple of the $17,356 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $753 could be required to pay off your student loan. The total of all payments including interest would sum $90,411.94.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 5.5%.

Example Loan $69,424
Stafford Loan Interest Rate 5.5%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $753.43
Total Interest Paid $20,987.94
Sum of All Loan Payments $90,411.94

Student Loan Affordability

In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Michigan Technological University, should consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $90,411.94 would be needed to afford a $753.43 monthly payment in the example $69,424.00 loan modeled above. This assumes a repayment over 10 years. You can change the terms of this example loan using the student loan calculator below. View statistics about Michigan Technological University student loan debt and graduate salaries under student outcomes.

Projected 4 Year Degree Price

4 Year Sticker Price

$128,840
Year Michigan Residents Non Residents
1 $32,210 $53,356
2 $33,253 $55,083
3 $34,329 $56,866
4 $35,440 $58,707

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Michigan Technological University to be $128,840 - assuming graduation in normal time. The estimation assumes a 3.2% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Michigan Technological University
Price Per Credit 3 Credit Class 4 Credit Class
Michigan Residents $691 $2,073 $2,764
Out of State Residents $1,475 $4,425 $5,900

Estimated cost for a class at Michigan Technological University based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Michigan Technological University versus other colleges.

Tuition Payment Plans Available

Michigan Technological University Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Tuition History

Historical in-state and out-of-state tuition and price increases for Michigan Technological University.

YearIn-StateOut-of-stateAnnual Increase
2021$16,654$37,800 3.2%
2020$16,130$36,432 3%
2019$15,660$34,896 2%
2018$15,346$33,426 3.9%
2017$14,774$32,018 3.1%
2016$14,334$30,668 2.5%
2015$13,986$29,950 1.8%
2014$13,740$29,220 2%
2013$13,470$28,350 6.8%
2012$12,615$25,710 12.9%
2011$11,175$23,685 -1.5%
2010$11,348$23,618 5.5%
2009$10,761$22,521 9.5%
2008$9,829$21,589 10.3%
2007$8,910$20,679 8.7%
2006$8,194$19,384 7.7%
2005$7,610$18,782 2.3%
2004$7,440$18,330 15.3%
2003$6,455$14,825 9.6%
2002$5,887$13,165 26.2%
2001$4,666$11,222 3.9%
2000$4,491$10,704 3%
1999$4,362$10,203 7.4%
1998$4,062$9,702 2.9%
1997$3,948$9,231 2.7%
1996$3,843$8,733 5.7%
1995$3,636$8,253 5.7%
1994$3,441$7,785 5.9%
1993$3,249$7,326 11.4%
1992$2,916$6,555 14.8%
1991$2,541$6,012 6.3%
1990$2,391$5,652 9%
1989$2,193$5,172 12.5%
1988$1,950$4,352 4.3%
1987$1,869$4,221

Is it Worth the Cost?

To make a comparative assessment if Michigan Tech is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 67.07/100 for Michigan Technological University. Considering an average net price paid of $17,356, this leads to an overall value ranking of 62/100. This places the school 151st on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Michigan Technological University in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Michigan Technological University student loan.

Prepayment Option

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Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=171128 IPEDS survey data for Michigan Technological University.