College Factual  by our College Data Analytics Team
       Unbiased Factual Guarantee

Can You Afford Michigan Technological University?

Concerned about paying for college? Take a look at Michigan Tech’s financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

Attendance Costs in 2020 - 2021 Varied Between $11,727 & $53,301

Worried about paying the full cost of $53,301 to attend Michigan Technological University? That number can be deceiving, as the net amount most students will pay varies significantly.

For students living in Michigan, the university offers a discount of 54.0% off tuition and fees. Also, 93.9% of freshmen receive some form of financial aid, with the average amount totaling $13,044. Students from low-income families receive an average of $20,831 in aid during their first year.

Cost for Residents of Michigan (no aid)

Tuition and fees$17,645
+ Room and board$11,314
+ Other expenses$3,599
Total cost$32,558
Affordability Score (34 out of 100)
more expensive
less expensive

Net Price for Residents of Michigan (with average aid)

Total cost$32,558
- Grants and scholarships$13,044
Net price$19,514
Affordability Score (46 out of 100)
more expensive
less expensive

Average Net Price for Low Income Residents of Michigan

Total cost$32,558
- Grants and scholarships$20,831
Net price$11,727
Affordability Score (74 out of 100)
more expensive
less expensive

Cost for Non-Residents (no aid)

Tuition and fees$38,388
+ Room and board$11,314
+ Other expenses$3,599
Total cost$53,301
Affordability Score (14 out of 100)
more expensive
less expensive

Net Price for Non-Residents (with average aid)

Total cost$53,301
- Grants and scholarships$13,044
Net price$40,257
Affordability Score (6 out of 100)
more expensive
less expensive

Average Net Price for Low Income Non-Resident Undergraduates

Total cost$53,301
- Grants and scholarships$20,831
Net price$32,470
Affordability Score (8 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at Michigan Tech.

Projected Costs Between $61,105 and $336,117 For a Four Year Degree. Between $28,279 and $161,745 For a Two Year Degree.

It can be a bit scary to look at the total projected cost of a college education over the course of a multi-year degree, however, doing so will help you better understand the financial commitment you are making.

The overall cost for on-campus, in-state students to attend Michigan Technological University in 2020 - 2021 was $32,558. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 3.3% each year.

If this trend continues, we expect the full cost for incoming freshmen to be $34,722 during their first year. By their senior year, that cost will be approximately $38,241, for a bachelor degree candidate ($35,858 for an associate degree candidate) for a total of $145,851 over the course of four years ($70,580 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

The cost for out-of-state students is more, with an overall expected four-year cost of $243,393 based on a yearly growth rate of 3.8%. The expected two-year cost is $117,125.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Michigan Technological University

Cost With Interest for Residents of Michigan

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.3%3.3%
Freshman year$13,613$20,414$34,722
Senior year$14,666$20,879$35,858
Total 2-year net price$28,279$41,293$70,580
10-year loan interest @ 6.8%$10,773$15,731$26,888
Total monthly payment$325$475$812
Total amount paid$39,052$57,025$97,468
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.3%3.3%
Freshman year$13,613$20,414$34,722
Senior year$17,024$21,842$38,241
Total 4-year net price$61,105$84,491$145,851
10-year loan interest @ 6.8%$23,279$32,188$55,564
Total monthly payment$703$972$1,678
Total amount paid$84,383$116,679$201,414

Cost With Interest for Out-Of-State Residents

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*4.5%3.8%
Freshman year$36,229$43,953$57,462
Senior year$38,269$45,927$59,663
Total 2-year net price$74,498$89,880$117,125
10-year loan interest @ 6.8%$28,381$34,241$44,620
Total monthly payment$857$1,034$1,348
Total amount paid$102,879$124,121$161,745
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*4.5%3.8%
Freshman year$36,229$43,953$57,462
Senior year$42,699$50,144$64,321
Total 4-year net price$157,620$188,012$243,393
10-year loan interest @ 6.8%$60,047$71,626$92,724
Total monthly payment$1,814$2,164$2,801
Total amount paid$217,668$259,638$336,117

Visit net price and financial aid to learn more about the total cost of attending Michigan Technological University.

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