Resident Undergraduate Sample

The SAI is not the dollar amount that you will actually pay on your tuition bill; it is an index calculated by the Department of Education based on the information you provided on the FAFSA. The SAI is used to help determine your eligibility for need-based financial aid. Please note: if your SAI changes, your financial aid may change as well.

The Distinguished Leader Award is one of the scholarships offered through Michigan Tech’s Leading Scholar Program. Incoming first-year undergraduate students apply for scholarships through this program by submitting an application and essay by November 15 of their senior year in high school. Scholarships awarded through the Leading Scholar Program are renewable for up to four years (eight semesters) for students who meet the renewal criteria.

Student loans include the Federal Direct Loans (both Subsidized and Unsubsidized). Your eligibility for these student loans is determined by your FAFSA results. These loans carry an interest rate based on the 10-year Treasury rate. 

The Federal Direct Subsidized Loan is a need-based loan. The federal government does not charge interest on this loan while the student is enrolled at least half-time (6 billable credits).

The Federal Direct Unsubsidized Loan is not need-based. You must either pay the interest that accrues while enrolled or choose to defer payments and have the interest capitalized (must be enrolled in a minimum of 6 billable credits).

Once you have decided to accept your loan(s), there are four steps that must be completed. To decline your loan, simply complete the first step.

STEP ONE - Accept (or decline) your loan by logging on to your Financial Aid Portal and navigating to the 2025-2026 Current Financial Aid section. Click "View/Accept Awards" and follow the prompts to access Banner Self Service.

STEP TWO - Once you have accepted the Direct Loan(s), you will be prompted to complete the Direct Loan Request Form.

STEP THREE - First-time borrowers must complete entrance counseling. Complete your counseling by logging in with your FSA ID at studentaid.gov. The counseling session will take about 30 minutes to complete. This is a one-time requirement and will not need to be completed in following aid years.

STEP FOUR - First-time borrowers are required to complete a Master Promissory Note (MPN). You will be notified via email when your MPN is ready. You will need your FSA ID (the one used for the FAFSA) to complete the MPN. You will be asked to provide your permanent address, telephone number, driver’s license number (if you have one), and email address. You will also need the names, addresses, and telephone numbers of two personal references who have known you for at least three years. References must have different addresses from one another, and one of the references should be a parent or legal guardian. The references have no obligation to the loan and are only contacted if your contact information is not current.

All four steps need to be completed before funds can be disbursed to your student account. 

Gift aid is money you do not have to pay back. It usually comes in the form of scholarships and grants. Generally, students must maintain a minimum 2.5 GPA to have their merit-based scholarships renewed. Students receiving need-based grants must complete the FAFSA annually to have any grants renewed. Note: first-year students receiving a National Scholars Program, Presidential Scholars Program, or Leading Scholars Program award are required to live in University housing for the first two academic years (four academic semesters, not including summers). 

The tuition and fees included are based on full-time lower-division tuition. Students who have earned 60 or more credits—including credits from transfer courses, early college, dual enrollment, AP, IB, or CLEP—will be charged upper-division tuition. Our cost of attendance page allows you to view upper-division tuition rates based on your specific major.

Your cost of attendance and financial aid are estimates and are subject to change. Your final aid package will be determined based on a full review of your financial aid eligibility and verification of your Free Application for Federal Student Aid (FAFSA). Any additional scholarships or grants received that are not reflected above may result in need-based aid being reduced accordingly. Students who have earned 60 or more credits—including credits from transfer courses, early college, dual enrollment, AP, IB, or CLEP—will be charged upper-division tuition.

These on-campus jobs are available to students who have financial need. The federal work-study program provides funds for part-time student employment on campus. Eligible accepted students can request consideration to be included in the work-study program under the Financial Aid tab on their Husky Portal.

Students normally work 8-10 hours per week during academic semesters and earn funds to help cover the indirect costs of their education. On-campus employers work with you and your schedule and provide help to ensure academic success.

For students who do not qualify for or receive work-study, many employment opportunities are available on campus and in the local community.

The Estimated Michigan Tech Bill is the amount owed for the estimated direct costs of your COA after subtracting any gift aid, student loans, and additional outside resources offered to you. The Total Direct Costs are an estimate of the costs that would likely appear on your student bill from Michigan Tech. This is an estimate and not necessarily your out-of-pocket expense. Students and parents who qualify for one of the following options can reduce or eliminate the majority of their out-of-pocket costs.

Many families choose to cover this cost with the Direct PLUS Parent Loan. This loan allows parents of dependent, undergraduate students to borrow directly from the US Department of Education through Michigan Tech. Please note: before this loan can be processed, the student must accept or decline their Federal Direct Loan(s); see the Federal Direct Loans section for details.

Alternative/private loans are another funding option, and are available through a variety of lenders. Most alternative loans require a cosigner. Applications may be submitted online and generally take three to four weeks to process. 

Michigan Tech offers several payment plans. For details about these plans, contact the Financial Aid office.

The books and supplies figure in your cost of attendance is an average. It is possible to use your financial aid to help pay for your books; financial aid will be applied to tuition, fees, and any housing and food charges first. Students who do not have excess aid may still purchase books at the Campus Bookstore and may charge those books and supplies to their student accounts (up to $1,500) once their enrollment has been confirmed. The student will be billed at a later date for any excess charges.

The Federal Direct Loan Program has a loan origination fee. If you choose to borrow from this program, the federal servicing center will deduct this fee from the loan disbursements. The fee value included in the cost of attendance is an estimate derived from last year’s undergraduate borrowers.