Paying for College Image

Paying for College

Though scholarships are the most familiar and sought-after form of financial aid, they are not the only resource available to help you cover the entire cost of attendance at Michigan Tech. Nearly 90 percent of our students receive financial aid, which can include a combination of scholarships, grants, loans, employment, and more.

Use our net-price calculator to see what merit-based scholarships and need-based financial aid you may qualify for at Michigan Tech and find more information on aid opportunities below.

Grants

Grants are gift aid based on need and are available to US citizens and permanent residents. Accepted students are automatically considered for grant programs if their FAFSA results are released to Michigan Tech. Students must apply for grant renewal each year by re-filing the FAFSA.

FAFSA

The Free Application for Federal Student Aid (FAFSA) allows you to apply for need-based federal and state financial aid on an annual basis. Students who file a FAFSA by January 1 will receive an award notification by the end of January.

Use the table below for details about when to file the FAFSA and which year's tax information is required. See our frequently asked questions for additional details about submitting your FAFSA.

When a Student is Attending College (School Year) When a Student Can Submit a FAFSA Which Year's Income and Tax Information is Required
July 1, 2016-June 30, 2017 January 1, 2016-June 30, 2017 2015
July 1, 2017-June 30, 2018 October 1, 2016-June 30, 2018 2015
July 1, 2018-June 30, 2019 October 1, 2017-June 30, 2019 2016

Loans

Loans are borrowed money which must be repaid. They are available to most US citizens and permanent residents. Each loan program has certain maximum limits for borrowing; however, students may not borrow more than the cost of attendance.

Accepted students are automatically considered for loans if their FAFSA results are released to Michigan Tech and they indicate an interest in receiving loans on the FAFSA. Students must apply for loan renewal each year by re-filing the FAFSA and making progress in obtaining their degree according to the Satisfactory Progress Policy.

Co-ops and Internships

Co-ops and internships are also popular options for students. Students often find these opportunities during our fall and spring Career Fairs, where more than 470 companies visit campus annually to recruit Michigan Tech students for co-ops, internships, and full-time jobs. The average co-op salary for Michigan Tech students? More than $21 per hour.

Find more information on student employment opportunities at Michigan Tech.

Student Employment

Many students at Michigan Tech take on part-time jobs to gain skills and experience and help pay for college. On-campus jobs (including Federal Work-Study positions) are available year-round, as are many local off-campus jobs.

Find more information on student employment opportunities at Michigan Tech.

ROTC

Michigan Tech offers opportunities in both Army ROTC and Air Force ROTC. In addition to leadership and military training, cadets in these programs can earn scholarships to help cover the cost of their education. Scholarships for high school students are awarded on a competitive basis.

Additional Opportunities and Resources

Find more ways to help fund your education and contact the Student Financial Services Center with any questions at 888-688-1885 or email finaid@mtu.edu.