Number Received Financial Aid (All Undergraduate)
5,774
Percent Received Financial Aid(All Undergraduate)
100%
Average Aid Amount
$13,579
Number Received Financial Aid (Freshmen)
1,475
Percent Received Financial Aid (Freshmen)
100%
Financial Aid Information at MTU
For the academic year 2021-2022, a total of 5,774 students (100% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $13,579. For freshmen (Full-time, first-time degree-seeking undergraduate students), 1,475 students (100% of enrolled students) received financial aid.
The 2024 undergraduate tuition & fees at Michigan Technological University is $18,392 for Michigan residents and $41,340 for out-of-state students, for reference.
All Undergraduate Students Financial Aid
For the academic year 2021-2022, a total of 5,774 students (100% of all students) have received grants or scholarships and the average received aid amount is $13,579. 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 | 5,774 | 100% | $13,579 |
| Pell Grants | 1,111 | 19% | $5,009 |
| Federal Student Loans | 2,696 | 47% | $6,030 |
Beginning Students Financial Aid
a total of 1,475 beginning students (100% of all freshmen) have received any financial aid and 1,475 students (100% 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 | 1,475 | 100% | - |
| Grants or Scholarship from All Sources | 1,475 | 100% | $16,114 |
| Federal Grants | 1,475 | 100% | $1,965 |
| Pell Grants | 259 | 18% | $4,992 |
| Other Federal Grants | 1,475 | 100% | $1,089 |
| State/Local Grants | 250 | 17% | $7,562 |
| Institutional Grants | 1,427 | 97% | $13,299 |
| Student Loans | 748 | 51% | $8,372 |
| Federal Student Loans | 728 | 49% | $5,162 |
| Other Student Loans | 179 | 12% | $13,993 |
Student Headcounts by Tuition Rates
For academic year 2021-2022, total 1,113 have paid in-state tuition rates (75% of undergraduate students) and 362 students (25%) 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 | 1,113 | 75% | $18,392 |
| Out-of-State Rate | 362 | 25% | $41,340 |
Students Headcount by Living Status
For academic year 2021-2022, total 1,084 full-time beginning students have enrolled and attended Michigan Technological University. Among them, 1,003 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 | 2019 | 2020 | 2021 |
|---|---|---|---|
| Living On-Campus | 903 | 815 | 1,003 |
| Living Off-Campus with Family | 73 | 77 | 81 |
| 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 2021-2022 . 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 | 638 | 630 | $9,579,077 | $15,014 |
| $0 - $30,000 | 76 | 76 | $1,865,083 | $24,541 |
| $30,001 - $48,000 | 88 | 88 | $2,184,471 | $24,824 |
| $48,001 - $75,000 | 96 | 96 | $1,680,382 | $17,504 |
| $75,001 - $110,000 | 148 | 148 | $2,096,159 | $14,163 |
| $110,001 or more | 230 | 222 | $1,752,982 | $7,622 |
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