How much does it cost to attend?

In State Michigan Resident Sticker Price
$29,969
In State Costs for Michigan Technological University
Fee Cost
Tuition$15,346
Books and Supplies$1,200
Other Fees$300
Room and Board $10,756
Other Expenses Budget$2,367
Out of State Resident Sticker Price
$48,049
Out of State Costs for Michigan Technological University
Fee Cost
Tuition$33,426
Books and Supplies$1,200
Other Fees$300
Room and Board $10,756
Other Expenses Budget$2,367

Residents of Michigan pay an annual total price of $29,969 to attend Michigan Technological University on a full time basis. This fee is comprised of $15,346 for tuition, $10,756 room and board, $1,200 for books and supplies and $300 for other fees.

Out of state residents are charged a total cost of $48,049 which is 60.3% higher than Michigan residents. The tuition charge is $33,426 while room and board is $10,756, books and supplies are $1,200 and other fees come in at $300.

All price data is sourced from the 2018/2019 U.S. Department of Education National Center for Education Statistics survey.

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Net Price

Net price is indicative of what it actually costs to attend Michigan Technological University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2017/2018
$17,139
Net Price by Income Michigan Technological University
Family Income Net Price Paid
$0 to $30,000$7,211
$30,001 to $48,000$9,753
$48,001 to $75,000$13,233
$75,001 to $110,000$16,711
$110,000+$21,986

The average reported annual net price for Michigan Technological University for students receiving grants or scholarship aid was $17,139 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

Finanical Aid Michigan Technological University
Type Avg./Student Students Receiving
Annual Total Grant Aid $11,959 93%
Pell Grant $4,519 21%
Federal Student Loan $5,258 59%

The average reported annual net price for Michigan Technological University for students receiving grants or scholarship aid was $17,139 in 2017/2018.

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 $624 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 4.529%.

Example Loan $60,096
Stafford Loan Interest Rate 4.5%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $623.67
Total Interest Paid $14,743.90
Sum of All Loan Payments $74,839.90

Projected 4 Year Degree Price

4 Year Sticker Price
$119,876
Year Michigan Residents Non Residents
1 $29,969 $48,049
2 $30,999 $49,701
3 $32,065 $51,410
4 $33,167 $53,177

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 $119,876 - assuming graduation in normal time. The estimation assumes a 3.4% 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 $637 $1,911 $2,548
Out of State Residents $1,315 $3,945 $5,260

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

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