Michigan Technological University

www.mtu.edu

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2021 Undergraduate Tuition

$17,903

3.25% growth from 2020

2021 Average Net Price

$17,826

After Financial Aid

2019 Student Loan

0.918%

Default Rate

2021 Acceptance Rate

85.7%

8,041 Applicants

2021 Enrolled Students

7,008

89.7% Full-Time

2021 Graduation Rate

69.1%

881 Graduates

About

Michigan Technological University is a higher education institution located in Houghton County, MI. In 2021, the most popular Bachelors Degree concentrations at Michigan Technological University were Mechanical Engineering (263 degrees awarded), Electrical & Electronics Engineering (113 degrees), and Chemical Engineering (103 degrees).

In 2021, 1,820 degrees were awarded across all undergraduate and graduate programs at Michigan Technological University. 28.2% of these degrees were awarded to women, and 71.8% awarded men. The most common race/ethnicity group of degree recipients was white (1,342 degrees), 26.8 times more than then the next closest race/ethnicity group, two or more races (50 degrees).

The median undergraduate tuition at Michigan Technological University is $17,903, which is $−11,089 less than the national average for Doctoral Universities ($28,992).

Doctoral Universities: Higher Research Activity Doctoral Universities

Costs

In 2021, the median undergraduate tuition at Michigan Technological University is $17,903, which is $−11,089 less than the national average for Doctoral Universities ($28,992).

After taking grants and loans into account, the average net price for students is $17,826.

In 2021, 97% of undergraduate students attending Michigan Technological University received financial aid through grants. Comparatively, 50% of undergraduate students received financial aid through loans.

Tuition Costs

$17,903

2021 Undergraduate Tuition

In 2021, the cost of tuition at Michigan Technological University was $17,903. The cost of tuition at Michigan Technological University is $−11,089 less than than the overall (public and private) national average for Doctoral Universities ($28,992).

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

Average Net Price

$17,826

2021 Value

2.71%

1 Year Growth

In 2021 Michigan Technological University had an average net price — the price paid after factoring in grants and loans — of $17,826. Between 2020 and 2021, the average net price of Michigan Technological University grew by 2.71%.

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

$11,314

Room and Board

$1,200

Books and Supplies

The average yearly cost of room and board at Michigan Technological University was of $11,314 in 2021. The cost of room and board increased by 2.82% between 2020 and 2021.

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

97%

Undergraduates Receiving Financial Aid through Grants

50%

Undergraduates Receiving Financial Aid through Loans

97% of undergraduate students at Michigan Technological University received financial aid through grants or loans in 2021. This represents a growth of 3.19% with respect to 2020, when 94% 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.

0.918%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Michigan Technological University was 0.918%, which represents 11 out of the 1198 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 8,041 undergraduate applications in 2021, which represents a 7.56% annual growth. Out of those 8,041 applicants, 6,895 students were accepted for enrollment, representing a 85.7% acceptance rate.

There were 7,008 students enrolled at Michigan Technological University in 2021. 70% of first-time enrollees submitted SAT scores with their applications.

Michigan Technological University has an overall enrollment yield of 21.5%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

85.7%

Acceptance Rate in 2021

6,895

Accepted Out of 8,041

In 2021, the undergraduate acceptance rate of Michigan Technological University was 85.7% (6,895 admissions from 8,041 applications). This is higher than the acceptance rate of 2020, which was 70.4%. Between 2020 and 2021, the number of applicants grew by 7.56%, while admissions grew by 31.1%..

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

70%

Submission Percentage (2021)

1,032

Scores Submitted (2021)

70% of enrolled first-time students at Michigan Technological University in 2021 submitted SAT scores with their applications.

This chart shows the SAT scores for the 25th and 75th percentile of applicants broken out into each section of the test that their are evaluated on.

Enrollment

Michigan Technological University had a total enrollment of 7,008 students in 2021. The full-time enrollment at Michigan Technological University is 6,284 students and the part-time enrollment is 724. This means that 89.7% of students enrolled at Michigan Technological University are enrolled full-time.

The enrolled student population at Michigan Technological University, both undergraduate and graduate, is 78.6% White, 3.47% Two or More Races, 2.65% Hispanic or Latino, 2.1% Asian, 1.16% Black or African American, 0.357% American Indian or Alaska Native, and 0.0285% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Michigan Technological University in full-time Undergraduate programs are most commonly White Male (61.2%), followed by White Female (24.7%) and Two or More Races Male (2.3%). Students enrolled in full-time Graduate programs are most commonly White Male (23.3%), followed by White Female (12.5%) and Two or More Races Male (1.97%).

Full-Time vs Part-Time Enrollment

89.7%

Full-Time Enrollment

The total enrollment at Michigan Technological University in 2021, both undergraduate and graduate, is 7,008 students. The full-time enrollment at Michigan Technological University is 6,284 and the part-time enrollment is 724. This means that 89.7% of students enrolled at Michigan Technological University are enrolled full-time compared with 76.6% 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

85%

2021 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 85%. 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 (2021)

White
5,508 enrolled students
Two or More Races
243 enrolled students
Hispanic or Latino
186 enrolled students

The enrolled student population at Michigan Technological University is 78.6% White, 3.47% Two or More Races, 2.65% Hispanic or Latino, 2.1% Asian, 1.16% Black or African American, 0.357% American Indian or Alaska Native, and 0.0285% 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 48.9% White, 15.1% Hispanic or Latino, and 9.56% 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, 203 students (2.9%) did not report their race.

Graduates

In 2021, 792 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 (1,342 degrees awarded). There were 26.8 times more white recipients than the next closest race/ethnicity group, two or more races (50 degrees).

The most common Bachelor's Degree concentration at Michigan Technological University is Mechanical Engineering (263 degrees awarded), followed by Electrical & Electronics Engineering (113 degrees) and Chemical Engineering (103 degrees).

In 2021, 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 (1,047 degrees awarded), Natural Resources & Conservation (55 degrees), and Math & Statistics (93 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 (498,928 people), Other managers (417,815 people), Miscellaneous engineers, including nuclear engineers (374,874 people), Civil engineers (273,237 people), and Postsecondary teachers (211,824 people).

The most specialized majors at Michigan Technological University in 2021 are Engineering (1,047 degrees awarded), Natural Resources & Conservation (55 degrees), Math & Statistics (93 degrees), Engineering Technologies (90 degrees), and Physical Sciences (48 degrees) (as of 2021).

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 (1,047 degrees awarded), Natural Resources & Conservation (55 degrees), Math & Statistics (93 degrees), Engineering Technologies (90 degrees), and Physical Sciences (48 degrees) (as of 2021).

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 (562,520 people), Architectural, engineering & related services (478,645 people), Colleges, universities & professional schools, including junior colleges (375,859 people), Construction (318,071 people), and Elementary & secondary schools (237,660 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 (2021)

Mechanical Engineering
263 degrees awarded
Electrical & Electronics Engineering
113 degrees awarded
Chemical Engineering
103 degrees awarded

In 2021, the most common bachelors degree concentration at Michigan Technological University was Mechanical Engineering with 263 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

1,306

Degrees Awarded to Men

in 2021

514

Degrees Awarded to Women

in 2021

In 2021, 1,306 degrees were awarded to men at Michigan Technological University, which is 2.54 times more than the number of degrees awarded to females (514).

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

Most Common Male Majors

In 2021, 377 degrees were awarded to men at Michigan Technological University in Mechanical Engineering, which is 7.25 times more than the 52 female recipients with that same degree.

Most Common Female Majors

In 2021, 52 degrees were awarded to men at Michigan Technological University in Mechanical Engineering, which is 0.138 times less than the 377 male recipients with that same degree.

Time to Complete

30%

100% Completion Time

70%

150% Completion Time

In 2021, 30% of students graduating from Michigan Technological University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 70% completed their degrees within 150% of the normal time, and 72% 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.

Asian Female

Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2021 at Michigan Technological University is Female and Asian (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (72.9%).

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, 1.7% of graduates (15 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
1,342 degrees awarded
Two or More Races
50 degrees awarded
Asian
29 degrees awarded

The most common race/ethnicity at Michigan Technological University is white (1,342 degrees awarded). There were 26.8 times more white recipients than the next closest race/ethnicity group, two or more races (50 degrees).

1.48% of degree recipients (27 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Male
969 degrees awarded
White Female
373 degrees awarded
Two or More Races Male
27 degrees awarded

The most common race/ethnicity and sex grouping at Michigan Technological University is white male (969 degrees awarded). There were 2.6 times more white male recipients than the next closest race/ethnicity group, white female (373 degrees).

Operations

Michigan Technological University has an endowment valued at nearly $152M, as of the end of the 2021 fiscal year. The return on its endowment was of 26.9M (17.8%) compared to the 10.4% average return (40.5M on 388M) across all Doctoral Universities.

In 2021, Michigan Technological University had a total salary expenditure of 252M. Michigan Technological University employs 114 Associate professors, 113 Professors and 85 Assistant professors. Most academics at Michigan Technological University are Male Professor (91), Male Associate professor (82), and Male Assistant professor (47).

The most common positions for non-instructional staff at Michigan Technological University are: Research, with 149 employees, Business and Financial Operations, with 148 employees, and Service with 134 employees.

Endowment

$152M

2021 Endowment

28.8%

growth from 2020

Michigan Technological University has an endowment valued at about $152M, as of the end of the 2021 fiscal year. The endowment of Michigan Technological University grew 28.8% from the previous year. The value of their endowment was $236M 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

$124M

2021 Salaries

2.69%

decline from 2020

In 2021, Michigan Technological University paid a median of $124M in salaries, which represents 49.1% of their overall expenditure ($252M) and a 2.69% decline from the previous year.

The median for similar Doctoral Universities is 234M (42.8% of overall expenditures).

Instructional Salaries

$38.3M

Instructional Salaries

390

Number of Employees

In 2021, Michigan Technological University paid a total of $38.3M to 390 employees working as instructors, which represents 30.9% of all salaries paid.

This is compared to a median of $71M (30.3%) for similar Doctoral Universities.

Occupations by Share

Associate professor

Most Common Instructor

114 Employees

Research

Most Common Non-Instructional Employee

149 Employees

In 2021, the most common positions for instructional staff at Michigan Technological University were Associate professor with 114 employees, Professor with 113 employees, and Assistant professor with 85 employees.

In 2021, the most common positions for non-instructional staff at Michigan Technological University were Research with 149 employees, Business and Financial Operations with 148 employees, and Service with 134 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Professor
Male Associate professor
Male Assistant professor

In 2021, the most common demographic for instructional staff at Michigan Technological University was Male Professor with 91 employees, Male Associate professor with 82 employees, and Male Assistant professor with 47 employees.

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