Michigan Technological University's published cost of attendance reaches $32,550 annually, including $18,392 in-state tuition, $12,774 for room and board, and $1,200 for books and supplies. Out-of-state students face tuition of $41,340, significantly increasing total costs.
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Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
| Cost Category | Amount |
|---|---|
| Total Cost of Attendance (Sticker Price) | $32,550 |
| Tuition and Fees | $41,340 |
| Room and Board | $12,774 |
| Books and Supplies | $1,200 |
| Average Financial Aid (Grants and Scholarships) | -$16,821 |
| Average Net Price (What Families Pay) | $15,729 |
| Family Income | Net Price |
|---|---|
| $0–30k | $5,021 |
| $30–48k | $6,773 |
| $48–75k | $10,202 |
| $75–110k | $16,222 |
| $110k+ | $24,344 |
Michigan Technological University's published cost of attendance reaches $32,550 annually, including $18,392 in-state tuition, $12,774 for room and board, and $1,200 for books and supplies. Out-of-state students face tuition of $41,340, significantly increasing total costs. However, the average student pays just $15,729 after financial aid, representing savings of $16,821 from the sticker price through need-based and merit aid programs.
This net price of $15,729 compares favorably to the peer median of $14,093, placing Michigan Tech $1,636 above similar public technical institutions but still within reasonable range for engineering-focused education. The financial aid system reduces costs substantially for most students, with aid covering more than half of published costs on average. Michigan Tech's aid approach appears designed to make technical education accessible while recognizing the strong career outcomes that justify educational investment.
How much students borrow and whether debt is manageable given outcomes.
Debt is well below typical first-year earnings — generally considered very manageable.
Student debt levels at Michigan Technological University reflect the institution's balance between accessibility and technical education costs. Median student debt reaches $24,990, with the debt range spanning from $7,500 at the 25th percentile to $30,100 at the 75th percentile, showing variation in borrowing patterns across students.
Compared to the peer median debt of $21,105, Michigan Tech students borrow $3,885 more on average, placing Michigan Tech in the 35th percentile nationally for debt levels—indicating modestly below average performance on this measure. The debt-to-earnings ratio of 0.32 shows favorable repayment capacity, with annual debt service representing roughly one-third of first-year earnings, well within sustainable ranges.
How cost compares to graduate earnings and value added.
Michigan Technological University represents exceptional educational investment value through its combination of controlled costs and outstanding career outcomes. Students earn $13,958 beyond expectations relative to similar students, ranking at the 90.1st percentile nationally and demonstrating the institution's effectiveness in generating career returns.
Median earnings of $78,198 exceed peer institutions by $28,082, more than offsetting the $3,885 higher debt levels and $1,636 higher net prices compared to similar universities. The debt-to-earnings ratio of 0.32 indicates manageable repayment burden, with technical career trajectories supporting comfortable debt service.
Engineering and technology programs consistently deliver strong value scores, with mechanical engineering achieving 66.4 and chemical engineering reaching 65.9, indicating exceptional return on investment across core disciplines. The institution's 95.7th percentile return performance reflects systematic strengths in career preparation and industry connections that translate directly into graduate earning power.
Michigan Technological University's financial aid profile reflects both institutional commitment to access and recognition of strong career returns that justify educational investment. The $16,821 average aid package reduces published costs by more than 50%, indicating substantial institutional resources devoted to student affordability.
With 18.2% Pell-eligible students, Michigan Tech enrolls a meaningful share of lower-income students despite being below national averages for public institutions. The progressive net price structure from $5,021 for lowest-income students to $24,344 for highest-income families shows aid concentrated where needed most.
Financial aid appears designed to balance accessibility with sustainability, recognizing that technical education requires significant infrastructure investment while producing graduates with strong earning potential. The aid strategy supports Michigan Tech's mission as a career-focused technical university, making programs accessible to students who can benefit from strong post-graduation outcomes.
Parent PLUS borrowing averages $24,705 with monthly payments of $325, indicating families supplement student borrowing with additional loans for educational costs. The borrowing levels reflect both Michigan Tech's moderate net prices and the technical education premium, with laboratory-intensive programs requiring higher educational investments.
