Michigan Technological University

www.mtu.edu

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2023 Undergraduate Tuition

$19,429

4.5% growth from 2022

2023 Average Net Price

$17,928

After Financial Aid

2020 Default Rate

on Student Loans

2023 Acceptance Rate

87.9%

12,434 Applicants

2023 Enrolled Students

7,313

89.9% Full-Time

2023 Graduation Rate

68.7%

903 Graduates

About

Michigan Technological University is a higher education institution located in Houghton County, MI. In 2023, the most popular Bachelors Degree concentrations at Michigan Technological University were Mechanical Engineering (274 degrees awarded), Electrical & Electronics Engineering (85 degrees), and Chemical Engineering (78 degrees).

In 2023, 1,756 degrees were awarded across all undergraduate and graduate programs at Michigan Technological University. 30.1% of these degrees were awarded to women, and 69.9% awarded men. The most common race/ethnicity group of degree recipients was white (1,276 degrees), 22.8 times more than then the next closest race/ethnicity group, two or more races (56 degrees).

The median undergraduate tuition at Michigan Technological University is $19,429, which is $−11,574 less than the national average for Doctoral Universities ($31,004).

In 2020 the default rate for borrower's at Michigan Technological University was 0%, corresponding to 0 out of the 1,207 total borrowers.

Doctoral Universities: Higher Research Activity Doctoral Universities

Costs

In 2023, the median undergraduate tuition at Michigan Technological University is $19,429, which is $11,575 less than the national average for Doctoral Universities ($31,004).

After taking grants and loans into account, the average net price for students is $17,928.

In 2023, 91% of undergraduate students attending Michigan Technological University received financial aid through grants. Comparatively, 46% of undergraduate students received financial aid through loans.

Tuition Costs

$19,429

2023 Undergraduate Tuition

In 2023, the cost of tuition at Michigan Technological University was $19,429. The cost of tuition at Michigan Technological University is $−11,575 less than than the overall (public and private) national average for Doctoral Universities ($31,004).

This chart compares the tuition costs of Michigan Technological University (in red) with those of other similar universities.

Average Net Price

$17,928

2023 Value

1.68%

1 Year Growth

In 2023 Michigan Technological University had an average net price — the price paid after factoring in grants and loans — of $17,928. Between 2022 and 2023, the average net price of Michigan Technological University grew by 1.68%.

This chart compares the average net price of Michigan Technological University (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$12,058

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Michigan Technological University was of $12,058 in 2023. The cost of room and board increased by 3.46% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies did not change during the same period.

This chart compares the average student costs at Michigan Technological University (in red) with that of similar universities.

Financial Aid by Income Level

91%

Undergraduates Receiving Financial Aid through Grants

46%

Undergraduates Receiving Financial Aid through Loans

91% of undergraduate students at Michigan Technological University received financial aid through grants or loans in 2023. This represents a decline of 9% with respect to 2022, when 100% of undergraduate students received financial aid.

This chart compares the average award discount at Michigan Technological University (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Michigan Technological University was 0%, which represents 0 out of the 1207 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Admissions

Michigan Technological University received 12,434 undergraduate applications in 2023, which represents a 57.5% annual growth. Out of those 12,434 applicants, 10,935 students were accepted for enrollment, representing a 87.9% acceptance rate.

There were 7,313 students enrolled at Michigan Technological University in 2023. 68% of first-time enrollees submitted SAT scores with their applications.

Michigan Technological University has an overall enrollment yield of 13.4%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

87.9%

Acceptance Rate in 2023

10,935

Accepted Out of 12,434

In 2023, the undergraduate acceptance rate of Michigan Technological University was 87.9% (10,935 admissions from 12,434 applications). This is lower than the acceptance rate of 2022, which was 93.7%. Between 2022 and 2023, the number of applicants grew by 57.5%, while admissions grew by 47.9%.

This chart compares the acceptance rate of Michigan Technological University (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

SAT Scores

68%

Submission Percentage (2023)

1,001

Scores Submitted (2023)

68% of enrolled first-time students at Michigan Technological University in 2023 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Michigan Technological University had a total enrollment of 7,313 students in 2023. The full-time enrollment at Michigan Technological University is 6,572 students and the part-time enrollment is 741. This means that 89.9% of students enrolled at Michigan Technological University are enrolled full-time.

The enrolled student population at Michigan Technological University, both undergraduate and graduate, is 75.4% White, 3.08% Two or More Races, 2.8% Hispanic or Latino, 2.01% Asian, 1.09% Black or African American, 0.506% American Indian or Alaska Native, and 0.0547% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Michigan Technological University in full-time Undergraduate programs are most commonly White Male (59.2%), followed by White Female (24.8%) and Two or More Races Male (2.35%). Students enrolled in full-time Graduate programs are most commonly White Male (21.4%), followed by White Female (10.8%) and Two or More Races Male (1.19%).

Full-Time vs Part-Time Enrollment

89.9%

Full-Time Enrollment

The total enrollment at Michigan Technological University in 2023, both undergraduate and graduate, is 7,313 students. The full-time enrollment at Michigan Technological University is 6,572 and the part-time enrollment is 741. This means that 89.9% of students enrolled at Michigan Technological University are enrolled full-time compared with 77.9% at similar Doctoral Universities.

This chart shows the full-time vs part-time enrollment status at Michigan Technological University (in red) compares to similar universities.

Retention Rate over Time

88%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Michigan Technological University was 88%. Compared with the full-time retention rate at similar Doctoral Universities (84%), Michigan Technological University had a retention rate higher than its peers.

This chart shows the retention rate over time at Michigan Technological University (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
5,516 enrolled students
Two or More Races
225 enrolled students
Hispanic or Latino
205 enrolled students

The enrolled student population at Michigan Technological University is 75.4% White, 3.08% Two or More Races, 2.8% Hispanic or Latino, 2.01% Asian, 1.09% Black or African American, 0.506% American Indian or Alaska Native, and 0.0547% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Doctoral Universities is 46.5% White, 15.9% Hispanic or Latino, and 9.78% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 345 students (4.72%) did not report their race.

Graduates

In 2023, 698 fewer women than men received degrees from Michigan Technological University. The most common race/ethnicity group of degree recipients at Michigan Technological University is white (1,276 degrees awarded). There were 22.8 times more white recipients than the next closest race/ethnicity group, two or more races (56 degrees).

The most common Bachelor's Degree concentration at Michigan Technological University is Mechanical Engineering (274 degrees awarded), followed by Electrical & Electronics Engineering (85 degrees) and Chemical Engineering (78 degrees).

In 2023, the most specialized majors across all degree types at Michigan Technological University, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Engineering (999 degrees awarded), Natural Resources & Conservation (76 degrees), and Math & Statistics (105 degrees).

Common Jobs by Major

Software developers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Michigan Technological University are Software developers (579,457 people), Other managers (425,150 people), Miscellaneous engineers, including nuclear engineers (401,579 people), Civil engineers (309,585 people), and Mechanical engineers (231,914 people).

The most specialized majors at Michigan Technological University in 2023 are Engineering (999 degrees awarded), Natural Resources & Conservation (76 degrees), Math & Statistics (105 degrees), Physical Sciences (59 degrees), and Engineering Technologies (51 degrees) (as of 2023).

Highest Paying Jobs by Major

Podiatrists

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Michigan Technological University are Podiatrists, Cardiovascular technologists and technicians, Surgeons, Physicians, and Securities, commodities, & financial services sales agents

The most specialized majors at Michigan Technological University are Engineering (999 degrees awarded), Natural Resources & Conservation (76 degrees), Math & Statistics (105 degrees), Physical Sciences (59 degrees), and Engineering Technologies (51 degrees) (as of 2023).

Common Industries by Major

Computer Systems Design

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Michigan Technological University are Computer Systems Design (1,117,805 people), Architectural, engineering & related services (513,221 people), Colleges, universities & professional schools, including junior colleges (440,766 people), Construction (356,429 people), and Elementary & secondary schools (283,782 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Michigan Technological University.

Most Common (2023)

Mechanical Engineering
274 degrees awarded
Electrical & Electronics Engineering
85 degrees awarded
Chemical Engineering
78 degrees awarded

In 2023, the most common bachelors degree concentration at Michigan Technological University was Mechanical Engineering with 274 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from bachelors degree programs at Michigan Technological University according to their major.

Sex Breakdown for Common Majors

1,227

Degrees Awarded to Men

in 2023

529

Degrees Awarded to Women

in 2023

In 2023, 1,227 degrees were awarded to men at Michigan Technological University, which is 2.32 times more than the number of degrees awarded to females (529).

This chart displays the sex disparity between the top 5 majors at Michigan Technological University by degrees awarded.

Most Common Male Majors

In 2023, 354 degrees were awarded to men at Michigan Technological University in Mechanical Engineering, which is 6.1 times more than the 58 female recipients with that same degree.

Most Common Female Majors

In 2023, 58 degrees were awarded to men at Michigan Technological University in Mechanical Engineering, which is 0.164 times less than the 354 male recipients with that same degree.

Time to Complete

34%

100% Completion Time

69%

150% Completion Time

In 2023, 34% of students graduating from Michigan Technological University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 69% completed their degrees within 150% of the normal time, and 71% within 200%.

The following chart shows these completion rates over time compared to the average for the Doctoral Universities Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

American Indian or Alaska Native Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2023 at Michigan Technological University is Female and American Indian or Alaska Native (100% graduation rate). Across all Doctoral Universities, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 0.775% of graduates (7 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
1,276 degrees awarded
Two or More Races
56 degrees awarded
Asian
44 degrees awarded

The most common race/ethnicity at Michigan Technological University is white (1,276 degrees awarded). There were 22.8 times more white recipients than the next closest race/ethnicity group, two or more races (56 degrees).

1.54% of degree recipients (27 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Male
880 degrees awarded
White Female
396 degrees awarded
Two or More Races Male
32 degrees awarded

The most common race/ethnicity and sex grouping at Michigan Technological University is white male (880 degrees awarded). There were 2.22 times more white male recipients than the next closest race/ethnicity group, white female (396 degrees).

Operations

Michigan Technological University has an endowment valued at nearly $156M, as of the end of the 2023 fiscal year. The return on its endowment was of 13.2M (8.45%) compared to the 4.37% average return (19M on 434M) across all Doctoral Universities.

In 2023, Michigan Technological University had a total salary expenditure of 300M. Michigan Technological University employs 109 Professors, 102 Associate professors and 90 Lecturers. Most academics at Michigan Technological University are Male Professor (84), Male Associate professor (70), and Male Assistant professor (53).

The most common positions for non-instructional staff at Michigan Technological University are: Research, with 168 employees, Business and Financial Operations, with 149 employees, and Office and Administrative Support with 144 employees.

Endowment

$156M

2023 Endowment

5.6%

growth from 2022

Michigan Technological University has an endowment valued at about $156M, as of the end of the 2023 fiscal year. The endowment of Michigan Technological University grew 5.6% from the previous year. The value of their endowment was $278M lower than than the median endowment of Doctoral Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Michigan Technological University (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Doctoral Universities: Higher Research Activity Carnegie Classification grouping.

Salary Expenditure

$137M

2023 Salaries

5.88%

growth from 2022

In 2023, Michigan Technological University paid a median of $137M in salaries, which represents 45.6% of their overall expenditure ($300M) and a 5.88% growth from the previous year. This is compared to a 4.61% growth between 2021 and 2022, and a 2.69% decline between 2020 and 2021.

The median for similar Doctoral Universities is 246M (41.5% of overall expenditures).

Instructional Salaries

$41.5M

Instructional Salaries

401

Number of Employees

In 2023, Michigan Technological University paid a total of $41.5M to 401 employees working as instructors, which represents 30.2% of all salaries paid.

This is compared to a median of $6.13M (2.35%) for similar Doctoral Universities.

Occupations by Share

Professor

Most Common Instructor

109 Employees

Research

Most Common Non-Instructional Employee

168 Employees

In 2023, the most common positions for instructional staff at Michigan Technological University were Professor with 109 employees, Associate professor with 102 employees, and Lecturer with 90 employees.

In 2023, the most common positions for non-instructional staff at Michigan Technological University were Research with 168 employees, Business and Financial Operations with 149 employees, and Office and Administrative Support with 144 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Male Professor
Male Associate professor
Male Assistant professor

In 2023, the most common demographic for instructional staff at Michigan Technological University was Male Professor with 84 employees, Male Associate professor with 70 employees, and Male Assistant professor with 53 employees.

This chart shows the sex split between each academic rank present at Michigan Technological University.

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