Number Received Financial Aid (All Undergraduate)
5,167
Percent Received Financial Aid(All Undergraduate)
91%
Average Aid Amount
$15,095
Number Received Financial Aid (Freshmen)
1,358
Percent Received Financial Aid (Freshmen)
98%
Financial Aid Information at MTU
For the academic year 2023-2024, a total of 5,167 students (91% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $15,095. For freshmen (Full-time, first-time degree-seeking undergraduate students), 1,358 students (98% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at Michigan Technological University is $20,532 for Michigan residents and $44,807 for out-of-state students, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 5,167 students (91% of all students) have received grants or scholarships and the average received aid amount is $15,095. It includes federal, state, local, institutional, or other sources of grant aid.
The following table describes the financial aid statistics by aid types at Michigan Technological University for all undergraduate students.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 5,167 | 91% | $15,095 |
| Pell Grants | 1,039 | 18% | $5,123 |
| Federal Student Loans | 2,604 | 46% | $6,077 |
Beginning Students Financial Aid
a total of 1,358 beginning students (98% of all freshmen) have received any financial aid and 1,358 students (98% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students.
The below table shows the number and amount by the source of financial aid at Michigan Technological University.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 1,358 | 98% | - |
| Grants or Scholarship from All Sources | 1,343 | 97% | $16,889 |
| Federal Grants | 289 | 21% | $5,622 |
| Pell Grants | 279 | 20% | $5,152 |
| Other Federal Grants | 271 | 20% | $691 |
| State/Local Grants | 256 | 19% | $8,367 |
| Institutional Grants | 1,339 | 97% | $14,126 |
| Student Loans | 690 | 50% | $8,896 |
| Federal Student Loans | 680 | 49% | $5,155 |
| Other Student Loans | 167 | 12% | $15,762 |
Student Headcounts by Tuition Rates
For academic year 2023-2024, total 1,044 have paid in-state tuition rates (76% of undergraduate students) and 337 students (24%) have paid the tuition & fee based on out-of-state rates at Michigan Technological University.
| Type of Tuition Rate | Number of Students | Percent | Tuition & Fees |
|---|---|---|---|
| In-State Rate | 1,044 | 76% | $20,532 |
| Out-of-State Rate | 337 | 24% | $44,807 |
Students Headcount by Living Status
For academic year 2023-2024, total 1,021 full-time beginning students have enrolled and attended Michigan Technological University. Among them, 956 students have lived on campus and 0 students lived off campus (without family). The following table shows the students count by living status and years.
| Living Status | 2021 | 2022 | 2023 |
|---|---|---|---|
| Living On-Campus | 815 | 1,003 | 956 |
| Living Off-Campus with Family | 77 | 81 | 65 |
| Living Off-Campus without Family | 0 | 0 | 0 |
Grants and Scholarship Aid By Income Level (Paying In-State Tuition)
The following table shows number of students who paid the in-state or in-district tuition rate and were awarded any grant/scholarship by income level for academic year 2023-2024 . The sources of grants and scholarship aid are the federal government, state/local government, or the institution.
| Income Level | Number of Students | Number of Students Awarded | Total Amount Aid Awarded | Average Amount Aid Awarded |
|---|---|---|---|---|
| All level | 613 | 604 | $10,311,238 | $16,821 |
| $0 - $30,000 | 97 | 97 | $2,670,317 | $27,529 |
| $30,001 - $48,000 | 61 | 61 | $1,572,425 | $25,777 |
| $48,001 - $75,000 | 91 | 91 | $2,033,642 | $22,348 |
| $75,001 - $110,000 | 129 | 129 | $2,106,365 | $16,328 |
| $110,001 or more | 235 | 226 | $1,928,489 | $8,206 |
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