Payback
EarningsPlus
Economic score
Michigan Technological University is a public national university located in Houghton, Michigan. Michigan Technological University is very inclusive in their admissions.
Return on educational investment at Michigan Technological University is in the top 10% of all ranked schools. The median student earns $73,541 10 years after enrolling, 3rd in Michigan, and in the top 10% nationally. When adjusted for earning differences by major, Michigan Technological University bachelor students earn 3% more than the national average. Michigan Technological University is ranked 2nd in Michigan.
Michigan Technological University’s median net annual cost of $15,384 and average years to graduate of 5.1 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 6 programs at Michigan Technological University sorted by number of graduates - Mechanical Engineering, Electrical Engineering, Chemical Engineering, Computer Science, Civil Engineering, Computer Engineering - are shown below. To see more programs, click on "see additional programs".
Annual net cost
$15,384
Average years to graduate
5.1
Computer/Information Technology Administration and Management
Rank: #3
Economic score: 1.1
Mathematics
Rank: #30
Economic score: 1.49
Materials Engineering
Rank: #12
Economic score: 1.53
Biomedical/Medical Engineering
Rank: #27
Economic score: 1.57
Mechanical Engr. Tech
Rank: #18
Economic score: 1.76
Forestry
Rank: #4
Economic score: 2.32
Environmental Engineering
Rank: #21
Economic score: 2.39
Health & Fitness
Rank: #57
Economic score: 3.65
Finance
Rank: #324
Economic score: 5.48
Biology
Rank: #295
Economic score: 6.31
EarningPlus compares the three-year post graduate earnings to the median earnings of the same graduating class, with the same graduate degree. These 2 metrics, debt-to-earnings and EarningsPlus, are combined into an economic score. The lower the economic score the better.
The most popular 3 graduate programs at Michigan Technological University - Business Administration, Civil Engineering, Forestry - are shown below.
The average full-time graduate completes their degree in 5.1 years. 72% of all students graduate within 8 years including part-time students. The graduation rate at Michigan Technological University is 11% higher than the state average, and 4% above the average for all national universities in the country.
At Michigan Technological University, Pell Grant recipients represent 20% of the measured graduating class, 15% lower than the national average of 35%. The average Pell Grant recipient at Michigan Technological University graduates within 5.3 years.
Michigan Technological University is in the bottom 25% of schools for graduating Pell recipients.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
Michigan Technological University’s economic mobility score of 19.21 is calculated by adjusting the 0.54 economic score of lower-income students by the 20% pell grant recipients within the student body. Michigan Technological University’s EMS of 19.21 ranks in the top 50% nationally.false
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Top 50%
The average Title IV recipient at Michigan Technological University pays $15,384 a year, $15,965 less than the $31,349 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $15,384
Much of the gap between net price and sticker price is filled by institutional and government grants. At Michigan Technological University, 99% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $15,384 on average to be covered by the student – be it through loans or out of pocket. In total, 53% of students take out loans, federal or private, at an average amount of $8,732. This is 1% less than the national average.
Federal grants
$5,073
Pell grants
$5,000
State grants
$7,025
Institutional grants
$11,829
Michigan Technological University's very inclusive admissions are indicated by their 86% acceptance rate. In 2021, the school had 8,041 applicants, of which 6,895 were admitted and 1,479 enrolled. Michigan Technological University has a rolling admissions policy, which means applications are reviewed as they arrive until all spaces are filled.
Full time
99%
83%
Female
28%
59%
First time
84%
59%
In-state
77%
68%
1st generation
19%
35%
White
87%
52%
Black
1%
14%
Hispanic
3%
15%
Asian
2%
5%
American Indian
N/A
1.6%
Pacific Islander
N/A
0.3%
Other
7%
12%