Michigan Tech News

Michigan Tech Adjusts Tuition Rates, Increases Financial Aid

By Jennifer Donovan | Published

As a result of the State of Michigan's budget, Michigan Tech has adjusted tuition rates for the upcoming school year.

On Monday, June 27, Governor Rick Snyder signed the next fiscal year's state budget bill.  As a result, Michigan Technological University has adjusted next year's tuition rates to comply with the tuition increase caps the state has set in its university appropriation guidelines.

This adjustment averages 4.2 percent for in-state undergraduate students studying in the University's most common academic programs and maintains a balanced budget for Michigan Tech next year. 

"Each year that state leadership has set a tuition increase cap, Michigan Tech has been at or below that cap."Michigan Tech President Glenn Mroz

Michigan Tech’s budget for the coming fiscal year increases financial aid to undergraduate students by $3.2 million, a 10 percent increase over current year expenditures. This additional financial aid recognizes a projected increase in enrollment and reflects Tech’s emphasis on student access and affordability. 

"Each year that state leadership has set a tuition increase cap, Michigan Tech has been at or below that cap,” noted President Glenn Mroz. “By most state and national measures, Michigan Tech continues to be a recognized leader in return on investment for a college education. Next year's budget, which includes a healthy increase in financial aid for our students, ensures this leadership will continue."

Michigan Technological University is a public research university, home to more than 7,000 students from 60 countries around the world. Founded in 1885, the University offers more than 120 undergraduate and graduate degree programs in science and technology, engineering, forestry, business and economics, health professions, humanities, mathematics, and social sciences. Our beautiful campus in Michigan’s Upper Peninsula overlooks the Keweenaw Waterway and is just a few miles from Lake Superior.

Last Modified 10:27 AM, June 30, 2016


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