Michigan Technological University

Michigan Technological University is a public school located in Houghton, MI

Average Annual Tuition at Michigan Technological University

The latest data we have for Michigan Technological University's annual average net costs are from 2018. These costs and and the average Michigan schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.

In-state Tuition Out-of-state Tuition Median Debt Avgerate Net Cost
Michigan Technological University $15,646 $33,726 $25,682 $15,348
MI Average $10,640 $21,190 $21,735 $13,075

As you can see, annual costs at Michigan Technological University have risen over the last few years, and are projected to continue to skyrocket based on our analysis.

Actual Costs      Projected Costs

Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.

These rising costs are hitting closer to home in Michigan as well. Michigan's' higher education costs rose by 30.8% in just the last 10 years, ranking as the 31st highest state.

Michigan Technological University Financial Assistance

56% of students enrolled at Michigan Technological University receive some form of Federal loan assistance. You can view Michigan Technological University's student aid calculator here.

Use a 529 Plan to Offset Rising Education Costs

One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.

Michigan offers a direct-sold 529 savings plan (MESP) and an advisor-sold 529 plan (MI 529 Advisor). Michigan also offers a prepaid tuition program (MET) open to Michigan beneficiaries.

State Plan Name:Michigan Education Savings Program
Minimum Contribution:$25
Maximum Contribution:$500,000 per beneficiary, across accounts
Fees:No enrollment or account maintenance fees; 0.07% program management fees (0.02% manager fee plus 0.05% state fee)

Michigan School Statistics

Michigan

We've analyzed all other higher education schools in MI, and wrapped it up nicely into a report for you. View our MI analysis report.

There are 18 other accredited public schools located in the state of Michigan. You can view all MI schools here.