by our College Data Analytics TeamHere’s the full picture on paying for Morrison Institute of Technology, including attendance costs, projected four- and two-year degree costs, average net price, debt outcomes, and how aid is distributed across income levels.
If you want to dig into a particular figure, jump to any section below:
Published attendance costs at Morrison Institute of Technology is about $30,350.00 per academic year.
Below, the published cost is shown three ways — the full sticker price with no aid, the net price after the average grant package, and the net price for low-income students who typically receive the most aid.
| Tuition and fees | $20,355.00 |
| + Room, board & other expenses | $9,995.00 |
| Total cost | $30,350.00 |
| That is 7% below the national average net price. |
| Total cost | $30,350.00 |
| − Grants and scholarships | −$9,797.00 |
| Net price | $20,553.00 |
| That is 37% below the national average net price. |
| Total cost | $30,350.00 |
| − Grants and scholarships | −$17,862.00 |
| Net price | $12,488.00 |
| That is 62% below the national average net price. | |
| Explore each piece on tuition and fees and room and board. |
Costs have trended upward in recent years by around 5.5% per year; the projections below compound that across a degree. Below, the cost is projected across a degree for three students at once — low-income with aid, average aid, and no aid. The repayment figures use a ten-year loan at 6.8%.
| Projected 4-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 5.5% | 5.5% | 5.5% |
| Freshman year | $13,169.00 | $21,674.00 | $32,005.00 |
| Senior year | $15,443.00 | $25,416.00 | $37,531.00 |
| Total 4-year net price | $57,143.00 | $94,047.00 | $138,876.00 |
| 10-year loan interest @ 6.8% | $21,769.00 | $35,828.00 | $52,907.00 |
| Total monthly payment | $658.00 | $1,082.00 | $1,598.00 |
| Total amount paid | $78,912.00 | $129,875.00 | $191,783.00 |
| Projected 2-year net costs | Low Income w/ Aid | w/ Average Aid | No Aid |
|---|---|---|---|
| Annual growth rate | 5.5% | 5.5% | 5.5% |
| Freshman year | $13,169.00 | $21,674.00 | $32,005.00 |
| Senior year | $13,887.00 | $22,855.00 | $33,750.00 |
| Total 2-year net price | $27,056.00 | $44,529.00 | $65,755.00 |
| 10-year loan interest @ 6.8% | $10,307.00 | $16,964.00 | $25,050.00 |
| Total monthly payment | $311.00 | $512.00 | $757.00 |
| Total amount paid | $37,363.00 | $61,493.00 | $90,805.00 |
See the full net-price breakdown in the net price section below.
Net price is what students actually pay after grants and scholarships are subtracted from the published sticker price. For most families it is a more realistic figure than the published cost.
| Average net price (on-campus) | $20,639.00 |
| Average net price (off-campus) | $23,216.00 |
The real cost varies by income because need-based aid scales with financial need. The breakdown below splits average net price across income brackets:
| Family income | Average net price |
|---|---|
| Under $30,000 | $23,751.00 |
| $30,000 to $48,000 | $17,833.00 |
| $48,001 to $75,000 | $22,358.00 |
| $75,001 to $110,000 | $28,138.00 |
| Over $110,000 | $29,167.00 |
Get a tailored estimate from the Morrison Institute of Technology Net Price Calculator, or get in touch with the financial aid office.
For the grant-and-scholarship detail behind these figures, see the grants & scholarships detail.
The typical debt load for borrowers leaving Morrison Institute of Technology stands at $12,000.00, which the Department of Education classifies as a Low ($10-20k) burden tier.
Explore borrowing, repayment, and default in detail on the student loan debt detail.
Debt outcomes vary substantially with family income. The figures below split graduating borrowers into three income brackets:
| Family income | Median debt at graduation |
|---|---|
| Low income | $8,984.00 |
| Middle income | $12,000.00 |
| High income | $12,000.00 |
Pell Grants are the federal government’s primary need-based undergraduate aid program. Contrasting Pell and non-Pell borrowers shows how need shapes debt.
The median debt difference between Pell-eligible and non-Pell graduates of Morrison Institute of Technology comes to $-883.00.
The default-rate classification at Morrison Institute of Technology is Low (<5%).
| Window | Cohort default rate |
|---|---|
| 2-year | 4.2% |
For scale, federal Stafford loan disbursements at Morrison Institute of Technology add up to $5,926,527.00 spread across 617 borrowers.
Veterans and active-duty servicemembers can tap dedicated federal aid programs such as the Post-9/11 GI Bill and DoD Tuition Assistance.
| GI Bill recipients | 3 |
| Avg GI Bill amount | $19,433.00 |
For the full rundown of veteran and military benefits, see the veteran aid breakdown.
The figures above are a starting point — as you weigh Morrison Institute of Technology, the questions below are worth your time:
Dig further into the cost picture with the related pages below:
Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.