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Michigan Technological University Tuition, Costs, & Financial Aid Information

Houghton, MI

Tuition and Expenses


Cost of Attendance
In-state: $30,542
Out-of-state: $49,778
Tuition and Fees
In-state: $15,960
Out-of-state: $35,196
Room and Board
$11,004
Books and Supplies
$1,200
Other Expenses
$2,378
Payment Plans
Installment plan, deferred payment

Applying for Financial Aid


Financial Aid Office

Email
mtu4u@mtu.edu
Web Site
Financial Aid Web Site
Net Price Calculator URL
Net Price Calculator URL

Application Process

Application Deadline
Priority deadline March 1
Award Notification
On a rolling basis beginning January 1
Methodology for Awarding Institutional Aid
Federal Methodology
Forms Required Cost to File
FAFSA
Code is 002292
Free

Profile of 2019 - 20 Financial Aid


Freshman

Financial Aid Applicants
1,200 (92.4%) of freshmen
Found to Have Financial Need
842 (70.2%) of applicants
Received Financial Aid
841 (99.9%) of applicants with financial need
Need Fully Met
238 (28.3%) of aid recipients
Average Percent of Need Met
84%
Average Award
$18,626
Need-Based Gift
Received by 728 (86.6%) of aid recipients, average amount $8,708
Need-Based Self-Help
Received by 620 (73.7%) of aid recipients, average amount $3,240
Merit-Based Gift
Received by 783 (93.1%) of aid recipients
Merit-Based Gift
397 (30.6%) of freshmen had no financial need and received merit aid, average amount $6,318

All Undergraduates

Financial Aid Applicants
4,331 (80.3%) of undergraduates
Found to Have Financial Need
3,395 (78.4%) of applicants
Received Financial Aid
3,379 (99.5%) of applicants with financial need
Need Fully Met
665 (19.7%) of aid recipients
Average Percent of Need Met
72%
Average Award
$16,038
Need-Based Gift
Received by 2,628 (77.8%) of aid recipients, average amount $8,088
Need-Based Self-Help
Received by 2,767 (81.9%) of aid recipients, average amount $4,319
Merit-Based Gift
Received by 2,876 (85.1%) of aid recipients
Merit-Based Gift
1,438 (26.7%) of undergraduates had no financial need and received merit aid, average amount $6,086

Borrowing

2019 Graduates Who Took Out Loans
70%
Average Indebtedness of 2019 Graduates
$37,903
Parents of Students Receiving Aid
7.0%
Parents of Students Not Receiving Aid
1.0%

Financial Aid Programs


Loans

Federal Loans
Direct subsidized Stafford loans, direct unsubsidized Stafford loans, direct PLUS loans
State Loans
 
Other Loans
College/university loans

Scholarships and Grants

Need-Based Available
Federal Pell grants, SEOG, State scholarships, Institutional scholarships, Private scholarships
Non-Need–Based Available
Academic scholarships, Creative arts/performance scholarships, Special achievements/activities, Special characteristics (minority, religious affiliation, other scholarships)

Non-Need Awards

Academic Interest/Achievement Award Areas
Business
Number of Awards
65
Top Areas (By Money Awarded)
 
Creative Arts/Performance Award Areas
Applied Art and Design, Performing Arts, Theater/Drama
Number of Awards
36
Top Areas (By Money Awarded)
 
Special Achievements/Activities Award Areas
Leadership
Number of Awards
95
Top Areas (By Money Awarded)
 
Special Characteristics Award Areas
Children and Siblings of Alumni, Children of Faculty/Staff, International Students, Veterans, Veterans' Children
Number of Awards
1,232
Top Areas (By Money Awarded)
 

Employment

Work-Study Programs
Federal work study available
Average Earnings from On-Campus Employment
$1,544

A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2020 Peterson's LLC. All rights reserved.