Financial Aid at MTU

Financial Aid Amount Received

$12,385 (31.30% of tuition)

Percent of Financial Aid Received

97% of 5,777 students

5,484 undergraduate students (97% of all students) have received grants, scholarships, and/or federal student loans at Michigan Technological University. The percentage of students who received financial aid extremely higher compared to Public, 4-Years Colleges in Michigan.

Compare to similar schools in rankings such as University of Louisville and Iowa State University, the percentage of students who received financial aid is much higher (the average of the schools is 76.50%).

Undergraduate Financial Aid by Type

The average amount of grants of scholarship aid is $12,385 and the average loan amount is $6,100. The average financial aid amount is 31.30% of tuition & fees based on out-of-state rate (tuition & fees: $39,574).

	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Grant or scholarship aid	5,484	97%	$67,917,562	$12,385
Pell Grants	1,139	20%	$5,694,478	$5,000
Federal Students Loans	2,827	50%	$17,244,945	$6,100

Undergraduate Student Financial Aid Comparison Chart

First-time (full-time) Undergraduate Students Financial Aid

For the full-time, first-time undergraduate students (freshmen, in most cases), 1,190 students have received one or more types of financial aid at Michigan Technological University.

The average amount of federal, state, local or institutional grant aid is $14,609 and the average amount of student loans awarded to full-time first-time undergraduate students is $8,732.

The following table shows the financial data by type of aid at Michigan Technological University.

First-time Undergraduate Financial Aid by Type

	Number Receiving Aid	Percent Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
Any Financial Aid	1,191	99%	-	-
Grant or scholarship aid	1,190	99%	$17,384,916	$14,609
Federal Grants	1,135	95%	$2,045,046	$1,802
Pell Grants	251	21%	$1,226,343	$4,886
Other Federal Grants	1,132	95%	$818,703	$723
State/Local Grants	286	24%	$2,009,079	$7,025
Institutional Grants	1,127	94%	$13,330,791	$11,829
Student Loans	631	53%	$5,509,887	$8,732
Federal Student Loans	615	51%	$3,119,986	$5,073
Other Student Loans	167	14%	$2,389,901	$14,311

Financial Aid by Income Level

The following table summarizes the number of schools receiving financial aid and its average amount by income levels at Michigan Technological University.

Income Level	# of Students	# of Students Receiving Aid	Total Amount of Aid Received	Average Amount of Aid Received
All Income Level	-	-	$8,353,909	$14,708
0 - $30,000	89	89	$2,097,352	$23,566
$30,001 - $48,000	62	62	$1,383,716	$22,318
$48,001 - $75,000	92	92	$1,774,383	$19,287
$75,001 - $110,000	134	134	$1,734,321	$12,943
$110,001 - more	191	182	$1,364,137	$7,142

Paid Tuition Rates by Residency

At Michigan Technological University, for the first-time/full-time students, 923 students have paid in-state rate of tuition and 274 students have paid out-of-state tuition rate.

	# of Students
In-District Rate	0
In-State Rate	923
Out-of-State Rate	274
Un-known	0

Number of Students by Living Arrangement (Freshmen)

At Michigan Technological University, 815 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 0 students live off-campus. In addition, 77 students live with their family.