Michigan Technological University

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2022 Undergraduate Tuition
$18,592
3.85% growth from 2021
2022 Average Net Price
$18,235
After Financial Aid
2019 Default Rate
0.918%
on Student Loans
2022 Acceptance Rate
93.7%
7,893 Applicants
2022 Enrolled Students
7,063
89.1% Full-Time
2022 Graduation Rate
67.8%
931 Graduates

About

Michigan Technological University is a higher education institution located in Houghton County, MI. In 2022, the most popular Bachelors Degree concentrations at Michigan Technological University were Mechanical Engineering (266 degrees awarded), Electrical & Electronics Engineering (102 degrees), and Chemical Engineering (88 degrees).

In 2022, 1,754 degrees were awarded across all undergraduate and graduate programs at Michigan Technological University. 30.3% of these degrees were awarded to women, and 69.7% awarded men. The most common race/ethnicity group of degree recipients was white (1,388 degrees), 28.9 times more than then the next closest race/ethnicity group, two or more races (48 degrees).

The median undergraduate tuition at Michigan Technological University is $18,592, which is $−11,558 less than the national average for Doctoral Universities ($30,150).

Costs

In 2022, the median undergraduate tuition at Michigan Technological University is $18,592, which is $−11,558 less than the national average for Doctoral Universities ($30,150).

After taking grants and loans into account, the average net price for students is $18,235.

In 2022, 100% of undergraduate students attending Michigan Technological University received financial aid through grants. Comparatively, 47% of undergraduate students received financial aid through loans.

Tuition Costs

$18,592
2022 Undergraduate Tuition

In 2022, the cost of tuition at Michigan Technological University was $18,592. The cost of tuition at Michigan Technological University is $−11,558 less than than the overall (public and private) national average for Doctoral Universities ($30,150).

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

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Average Net Price

$18,235
2022 Value
2.29%
1 Year Growth

In 2022 Michigan Technological University had an average net price — the price paid after factoring in grants and loans — of $18,235. Between 2021 and 2022, the average net price of Michigan Technological University grew by 2.29%.

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.

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Other Student Expenses

$11,655
Room and Board
$1,200
Books and Supplies

The average yearly cost of room and board at Michigan Technological University was of $11,655 in 2022. The cost of room and board increased by 3.01% between 2021 and 2022.

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.

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Financial Aid by Income Level

100%
Undergraduates Receiving Financial Aid through Grants
47%
Undergraduates Receiving Financial Aid through Loans

100% of undergraduate students at Michigan Technological University received financial aid through grants or loans in 2022. This represents a growth of 3.09% with respect to 2021, when 97% 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.

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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
11
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.

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Admissions

Michigan Technological University received 7,893 undergraduate applications in 2022, which represents a 1.84% annual growth. Out of those 7,893 applicants, 7,394 students were accepted for enrollment, representing a 93.7% acceptance rate.

There were 7,063 students enrolled at Michigan Technological University in 2022. 71% of first-time enrollees submitted SAT scores with their applications.

Michigan Technological University has an overall enrollment yield of 18.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

93.7%
Acceptance Rate in 2022
7,394
Accepted Out of 7,893

In 2022, the undergraduate acceptance rate of Michigan Technological University was 93.7% (7,394 admissions from 7,893 applications). This is higher than the acceptance rate of 2021, which was 85.7%. Between 2021 and 2022, the number of applicants grew by 1.84%, while admissions grew by 7.24%..

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.

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SAT Scores

71%
Submission Percentage (2022)
986
Scores Submitted (2022)

71% of enrolled first-time students at Michigan Technological University in 2022 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.

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Enrollment

Michigan Technological University had a total enrollment of 7,063 students in 2022. The full-time enrollment at Michigan Technological University is 6,292 students and the part-time enrollment is 771. This means that 89.1% of students enrolled at Michigan Technological University are enrolled full-time.

The enrolled student population at Michigan Technological University, both undergraduate and graduate, is 76% White, 3.41% Two or More Races, 2.68% Hispanic or Latino, 2.24% Asian, 1.1% Black or African American, 0.453% American Indian or Alaska Native, and 0.0283% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Michigan Technological University in full-time Undergraduate programs are most commonly White Male (59.7%), followed by White Female (24.9%) and Two or More Races Male (2.42%). Students enrolled in full-time Graduate programs are most commonly White Male (20.9%), followed by White Female (10.9%) and Two or More Races Male (1.57%).

Full-Time vs Part-Time Enrollment

89.1%
Full-Time Enrollment

The total enrollment at Michigan Technological University in 2022, both undergraduate and graduate, is 7,063 students. The full-time enrollment at Michigan Technological University is 6,292 and the part-time enrollment is 771. This means that 89.1% of students enrolled at Michigan Technological University are enrolled full-time compared with 77.4% 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.

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Retention Rate over Time

85%
2022 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    5,365 enrolled students
  2. Two or More Races
    241 enrolled students
  3. Hispanic or Latino
    189 enrolled students

The enrolled student population at Michigan Technological University is 76% White, 3.41% Two or More Races, 2.68% Hispanic or Latino, 2.24% Asian, 1.1% Black or African American, 0.453% American Indian or Alaska Native, and 0.0283% 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 47.5% White, 15.5% Hispanic or Latino, and 9.58% 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, 272 students (3.85%) did not report their race.

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Graduates

In 2022, 692 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 (1,388 degrees awarded). There were 28.9 times more white recipients than the next closest race/ethnicity group, two or more races (48 degrees).

The most common Bachelor's Degree concentration at Michigan Technological University is Mechanical Engineering (266 degrees awarded), followed by Electrical & Electronics Engineering (102 degrees) and Chemical Engineering (88 degrees).

In 2022,  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 (1,024 degrees awarded), Math & Statistics (108 degrees), and Physical Sciences (65 degrees).

Common Jobs by Major

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 (1,064,555 people), Other managers (490,819 people), Miscellaneous engineers, including nuclear engineers (414,226 people), Civil engineers (296,297 people), and Mechanical engineers (225,521 people).

The most specialized majors at Michigan Technological University in 2022 are Engineering (1,024 degrees awarded), Math & Statistics (108 degrees), Physical Sciences (65 degrees), Engineering Technologies (70 degrees), and Computer and Information Sciences and Support Services (126 degrees) (as of 2022).

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Highest Paying Jobs by Major

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 (1,024 degrees awarded), Math & Statistics (108 degrees), Physical Sciences (65 degrees), Engineering Technologies (70 degrees), and Computer and Information Sciences and Support Services (126 degrees) (as of 2022).

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Common Industries by Major

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).

The most specialized majors at Michigan Technological University are Engineering (1,024 degrees awarded), Math & Statistics (108 degrees), Physical Sciences (65 degrees), Engineering Technologies (70 degrees), and Computer and Information Sciences and Support Services (126 degrees) (as of 2022).

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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 (2022)
  1. 266 degrees awarded
  2. 102 degrees awarded
  3. 88 degrees awarded

In 2022, the most common bachelors degree concentration at Michigan Technological University was Mechanical Engineering with 266 degrees awarded.

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

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Sex Breakdown for Common Majors

1,223
Degrees Awarded to Men
in 2022
531
Degrees Awarded to Women
in 2022

In 2022, 1,223 degrees were awarded to men at Michigan Technological University, which is 2.3 times more than the number of degrees awarded to females (531).

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

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Most Common Male Majors

In 2022, 329 degrees were awarded to men at Michigan Technological University in Mechanical Engineering, which is 6.71 times more than the 49 female recipients with that same degree.

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Most Common Female Majors

In 2022, 49 degrees were awarded to men at Michigan Technological University in Mechanical Engineering, which is 0.149 times less than the 329 male recipients with that same degree.

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Time to Complete

30%
100% Completion Time
72%
150% Completion Time

In 2022, 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, 72% completed their degrees within 150% of the normal time, and 74% 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.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
Black or African American Female
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Michigan Technological University is Female and Black or African American (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (73.2%).

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, 1.4% of graduates (13 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    1,388 degrees awarded
  2. Two or More Races
    48 degrees awarded
  3. Asian
    28 degrees awarded

The most common race/ethnicity at Michigan Technological University is white (1,388 degrees awarded). There were 28.9 times more white recipients than the next closest race/ethnicity group, two or more races (48 degrees).

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

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Male
    962 degrees awarded
  2. White Female
    426 degrees awarded
  3. Two or More Races Male
    31 degrees awarded

The most common race/ethnicity and sex grouping at Michigan Technological University is white male (962 degrees awarded). There were 2.26 times more white male recipients than the next closest race/ethnicity group, white female (426 degrees).

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Operations

Michigan Technological University has an endowment valued at nearly $148M, as of the end of the 2022 fiscal year. The return on its endowment was of −NaNM (−5.11%) compared to the 1.13% average return (4.2M on 373M) across all Doctoral Universities.

In 2022, Michigan Technological University had a total salary expenditure of 265M. Michigan Technological University employs 110 Professors, 110 Associate professors and 86 Assistant professors. Most academics at Michigan Technological University are Male Professor (84), Male Associate professor (77), and Male Assistant professor (51).

The most common positions for non-instructional staff at Michigan Technological University are: Research, with 167 employees, Business and Financial Operations, with 151 employees, and Service with 147 employees.

Endowment

$148M
2022 Endowment
2.57%
decline from 2021

Michigan Technological University has an endowment valued at about $148M, as of the end of the 2022 fiscal year. The endowment of Michigan Technological University declined 2.57% from the previous year. The value of their endowment was $225M 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.

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Salary Expenditure

$129M
2022 Salaries
4.61%
growth from 2021

In 2022, Michigan Technological University paid a median of $129M in salaries, which represents 48.9% of their overall expenditure ($265M) and a 4.61% growth from the previous year.

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

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Instructional Salaries

$40M
Instructional Salaries
393
Number of Employees

In 2022, Michigan Technological University paid a total of $40M to 393 employees working as instructors, which represents 30.9% of all salaries paid.

This is compared to a median of $73.7M (30%) for similar Doctoral Universities.

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Occupations by Share

Professor
Most Common Instructor
110 Employees
Research
Most Common Non-Instructional Employee
167 Employees

In 2022, the most common positions for instructional staff at Michigan Technological University were Professor with 110 employees, Associate professor with 110 employees, and Assistant professor with 86 employees.

In 2022, the most common positions for non-instructional staff at Michigan Technological University were Research with 167 employees, Business and Financial Operations with 151 employees, and Service with 147 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Male Professor
  2. Male Associate professor
  3. Male Assistant professor

In 2022, the most common demographic for instructional staff at Michigan Technological University was Male Professor with 84 employees, Male Associate professor with 77 employees, and Male Assistant professor with 51 employees.

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

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