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Mitchell Technical Institute Tuition & Cost

Mitchell, South Dakota

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How much does it cost to attend?

Sticker Price
$16,304
Costs for Mitchell Technical Institute
Fee Cost
Tuition$3,872
Books and Supplies$810
Other Fees$3,072
Estimated Off Campus Cost of Living $6,000
Other Expenses Budget$2,550

Annual Prices

The annual list price to attend Mitchell Technical Institute on a full time basis for 2018/2019 is $16,304 for all students regardless of their residency. This fee is comprised of $3,872 for tuition, $6,000 room and board, $810 for books and supplies and $3,072 for other fees. Out of state tuition for Mitchell Technical Institute is $3,872, the same as South Dakota residents.

All price data is sourced from the 2019/2020 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 Mitchell Technical Institute when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$11,382
Net Price by Income Mitchell Technical Institute
Family Income Net Price Paid
$0 to $30,000$9,349
$30,001 to $48,000$10,566
$48,001 to $75,000$13,476
$75,001 to $110,000$14,867
$110,000+$15,359

The average reported annual net price for Mitchell Technical Institute for students receiving grants or scholarship aid was $11,382 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

63% of full-time undergrad Mitchell Technical Institute received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $4,150 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 62% of students received Federal Student Loans averaging $5,216 and 8% of undergrads took out private student loans averaging $8,110.

Finanical Aid Mitchell Technical Institute
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $4,150 63%
Institutional Grants and Scholarships $879 29%
Pell Grants $4,514 44%
Other Federal Grants $301 18%
State and Local Grants $3,471 10%
Federal Student Loans $5,216 62%
Other Student Loans $8,110 8%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Mitchell Technical Institute, we've modeled a ten year student loan with an original principal value of $16,764. The loan balance of $16,764 is a two year multiple of the $8,382 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 $160 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 2.75%.

Example Loan $16,764
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $159.95
Total Interest Paid $2,429.65
Sum of All Loan Payments $19,193.65

Projected 2 Year Degree Price

2 Year Sticker Price
$32,608
Year All Residents
1 $16,304
2 $17,379

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Mitchell Technical Institute to be $32,608 - assuming graduation in normal time. The estimation assumes a 6.6% annual increase over the next 2 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Mitchell Technical Institute
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $217 $651 $868

Estimated cost for a class at Mitchell Technical Institute 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 Mitchell Technical Institute versus other colleges.

Tuition Payment Plans Available

Mitchell Technical Institute 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=219189 IPEDS survey data for Mitchell Technical Institute.