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Saturday, November 23, 2024

Cost of college went up for all students at Michigan Technological University

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In-state tuition and fees rose 3.8 percent for 2018-19 at Michigan Technological University, according to recent data from the U.S. Department of Education.

Michigan residents paid $15,646 to attend the four-year public institution this year – $572 more than the $15,074 charged for 2017-18.

Non-residents paid 115.6 percent more than residents this year, or $33,726. Their price tag grew 4.4 percent from $32,318 in 2017-18.

About 76 percent of the school's undergraduate population are Michigan residents. And about 23 percent are residents of other states.

Data shows 97 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 1,243 students received grants or scholarships totaling $15.3 million and 754 students took out student loans totaling more than $5.8 million.

Including all undergraduates (7,172), 5,241 students used grants or scholarships totaling $60.5 million, and 3,313 students took out $21.8 million in federal student loans.

The cost of attending
Enrollment2015-162016-172017-182018-19Change in tuition and fees 2015-16 to 2018-19
In-state~5,451$14,286$14,634$15,074$15,6469.5%
Out-of-state~1,650$30,250$30,968$32,318$33,72611.5%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at Michigan Technological University in 2015-16.
Type of AidNumber of students receiving aidPercent receiving aidTotal amount of aid receivedAverage amount of aid per student
Federal grants33626%$1,769,491$5,266
State / local grant or scholarship32925%$1,521,620$4,625
Institutional grants or scholarships1,21692%$12,014,581$9,880
Grant or scholarship aid total1,24394%$15,305,692$12,314
Federal student loans73556%$3,811,029$5,185
Other student loans16513%$2,014,679$12,210
Student loan aid75457%$5,825,708$7,726
Total student aid1,28297%--

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