Cost Details
- In-State Tuition
- $18,392
- Out-of-State Tuition
- $41,340
- Average Net Price
- $15,729
- Students Receiving Financial Aid
- 18.2%
- Room & Board (On Campus)
- $12,774
- Room & Board (Off Campus)
- $12,774
- Books & Supplies
- $1,200
- Total Cost of Attendance
- $32,366
- Median Debt at Graduation
- $24,990
- Estimated Monthly Loan Payment
- $265/mo
- Loan Repayment Rate
- 80.3%
- Students Taking Federal Loans
- 45.7%
- Pell Grant Recipients
- 18.2%
Net Price by Family Income
Average annual net price after grants and scholarships. Source: U.S. Department of Education
| Family Income | Average Net Price |
|---|---|
| $0 – $30,000 | $5,021 |
| $30,001 – $48,000 | $6,773 |
| $48,001 – $75,000 | $10,202 |
| $75,001 – $110,000 | $16,222 |
| $110,001+ | $24,344 |
Cost Estimator
Cost Overview
Families pay an average of $15,729 per year after aid, though costs vary dramatically by income. Students from families earning under $30,000 pay just $5,021 annually, while those from households above $110,000 pay $24,344. Over four years, that's roughly $20,000 to $97,000 depending on family resources.
The typical graduate leaves with $24,990 in debt, translating to monthly payments of $265. With median starting salaries of $68,856 and 97.3% employment rates, tech grads can handle these payments comfortably. Alumni earn $78,198 ten years after graduation, making Michigan Tech one of the better returns on investment for engineering education.
Students from lower-income families get the best deal here. The combination of strong financial aid and Michigan Tech's reputation with employers in mining, materials, and engineering creates excellent value for first-generation college students pursuing technical careers.
The typical graduate leaves with $24,990 in debt, translating to monthly payments of $265. With median starting salaries of $68,856 and 97.3% employment rates, tech grads can handle these payments comfortably. Alumni earn $78,198 ten years after graduation, making Michigan Tech one of the better returns on investment for engineering education.
Students from lower-income families get the best deal here. The combination of strong financial aid and Michigan Tech's reputation with employers in mining, materials, and engineering creates excellent value for first-generation college students pursuing technical careers.
Official Net Price Calculator
Get a personalized cost estimate from Michigan Technological University:
Visit Official Net Price CalculatorThis links to the school's federally-required net price calculator for a personalized estimate.