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#3 Best Public Universities in Michigan

Michigan Tech Tuition & Cost

Houghton, Michigan

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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
Books and Supplies$1,200
Other Fees$312
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
Books and Supplies$1,200
Other Fees$312
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.

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

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

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 this net price can fluctuate based on factors such as family income and individual financial need.

Average Net Price 2019/2020

$17,356
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

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. 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%

Student Loans

To gauge a more realistic picture of what it may really 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 $60,096. The loan balance of $60,096 is a four year multiple of the $15,024 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 $637 could be required to satisfy your student loan.

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 4.99%.

Example Loan $60,096
Stafford Loan Interest Rate 4.99%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $637.12
Total Interest Paid $16,358.11
Sum of All Loan Payments $76,454.11

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

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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.