Michigan Technological University

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2019 Undergraduate Tuition
$16,834
2.02% growth from 2018
2019 Average Net Price
$17,814
After Financial Aid
2017 Student Loan
2.34%
Default Rate
2019 Acceptance Rate
74.3%
5,978 Applicants
2019 Enrolled Students
7,027
89.1% Full-Time
2018 Graduation Rate
68.4%
787 Graduates

About

Michigan Technological University is a higher education institution located in Houghton County, MI. In 2016, the most popular Bachelor's Degree concentrations at Michigan Technological University were Mechanical Engineering (294 degrees awarded), Chemical Engineering (92 degrees), and Electrical & Electronics Engineering (83 degrees).

In 2019, 1,800 degrees were awarded across all undergraduate and graduate programs at Michigan Technological University. 28.6% of these degrees were awarded to women, and 71.4% awarded men. The most common race/ethnicity group of degree recipients was white (1,264 degrees), 33.3 times more than then the next closest race/ethnicity group, unknown (38 degrees).

The median undergraduate tuition at Michigan Technological University is $16,834, which is $-11,666 less than the national average for Doctoral Universities ($28,500).

Costs

The median undergraduate tuition at Michigan Technological University is $16,834, which is $-11,666 less than the national average for Doctoral Universities ($28,500).

After taking grants and loans into account, the average net price for students is $17,814.

In 2019, 88% of undergraduate students received federal grants, while 54% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$16,834
2019 Undergraduate Tuition

In 2019, the cost of tuition at Michigan Technological University was $16,834. The cost of tuition at Michigan Technological University is $-11,666 less than than the overall (public and private) national average for Doctoral Universities ($28,500).

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

$17,814
2019 Value
3.72%
1 Year Growth

In 2019 Michigan Technological University had an average net price — the price paid after factoring in grants and loans — of $17,814. Between 2018 and 2019, the average net price of Michigan Technological University grew by 3.72%.

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

$10,756
Room and Board
$1,200
Books and Supplies

The average yearly cost of room and board at Michigan Technological University was of $10,756 in 2019. During the same period, the average yearly cost of books and supplies was $1,200. The cost of room and board increased by 2.66% between 2018 and 2019. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

88%
Of Undergraduates Receive Grants
54%
Of Undergraduates Receive Federal Loans

88% of undergraduate students at Michigan Technological University received grants or loans in 2019. This represents a decline of 1.12% with respect to 2018, when 89% 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.
2.34%
2017 Default Rate
30
Number of Defaults

In 2017 the default rate for borrower's at Michigan Technological University was 2.34%, which represents 30 out of the 1280 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 5,978 undergraduate applications in 2019, which represents a 2.4% annual growth. Out of those 5,978 applicants, 4,442 students were accepted for enrollment, representing a 74.3% acceptance rate.

There were 7,027 students enrolled at Michigan Technological University in 2019, and 81% of first-time enrollees submitted SAT scores with their applications.

Michigan Technological University has an overall enrollment yield of 29.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

74.3%
Acceptance Rate in 2019
4,442
Accepted Out of 5,978

In 2019, the undergraduate acceptance rate of Michigan Technological University was 74.3% (4,442 admissions from 5,978 applications). This is higher than the acceptance rate of 2018, which was 73.9%. Between 2018 and 2019, the number of applicants grew by 2.4%, while admissions grew by 2.99%.

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SAT Scores

81%
Submission Percentage
1,048
Scores Submitted

81% of enrolled first-time students at Michigan Technological University in 2019 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.

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Enrollment

Michigan Technological University has a total enrollment of 7,027 students. The full-time enrollment at Michigan Technological University is 6,264 students and the part-time enrollment is 763. 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 78.9% White, 3.4% Two or More Races, 1.84% Hispanic or Latino, 1.61% Asian, 1.12% Black or African American, 0.299% 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 (63.4%), followed by White Female (24.5%) and Two or More Races Male (2.49%). Students enrolled in full-time Graduate programs are most commonly White Male (19.9%), followed by White Female (10.6%) and Black or African American Male (0.681%).

Full-Time vs Part-Time Enrollment

89.1%
Full-Time Enrollment

The total enrollment at Michigan Technological University, both undergraduate and graduate, is 7,027 students. The full-time enrollment at Michigan Technological University is 6,264 and the part-time enrollment is 763. This means that 89.1% of students enrolled at Michigan Technological University are enrolled full-time compared with 77.6% 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.

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Retention Rate over Time

84%
2019 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 84%. Compared with the full-time retention rate at similar Doctoral Universities (83%), 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
  1. White
    5,543
  2. Two or More Races
    239
  3. Hispanic or Latino
    129

The enrolled student population at Michigan Technological University is 78.9% White, 3.4% Two or More Races, 1.84% Hispanic or Latino, 1.61% Asian, 1.12% Black or African American, 0.299% 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 50.3% White, 14.3% Hispanic or Latino, and 9.48% 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, 122 students (1.74%) did not report their race.

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Graduates

In 2019, 772 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 (1,264 degrees awarded). There were 33.3 times more white graduates than the next closest race/ethnicity group, unknown (38 degrees).

The most common Bachelor's Degree concentration at Michigan Technological University is Mechanical Engineering (294 degrees awarded), followed by Chemical Engineering (92 degrees) and Electrical & Electronics Engineering (83 degrees).

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 (1,115 degrees awarded), Natural Resources & Conservation (54 degrees), and Math & Statistics (62 degrees).

Workforce

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 (528,247 people), Other managers (392,618 people), Miscellaneous engineers, including nuclear engineers (364,498 people), Civil engineers (280,961 people), and Mechanical engineers (218,196 people).

The most specialized majors at Michigan Technological University are Engineering (1,115 degrees awarded), Natural Resources & Conservation (54 degrees), Math & Statistics (62 degrees), Physical Sciences (55 degrees), and Engineering Technologies (78 degrees).

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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 Surgeons, Other financial specialists, Lawyers, & judges, magistrates, & other judicial workers, Cardiovascular technologists and technicians, and Physicians

The most specialized majors at Michigan Technological University are Engineering (1,115 degrees awarded), Natural Resources & Conservation (54 degrees), Math & Statistics (62 degrees), Physical Sciences (55 degrees), and Engineering Technologies (78 degrees).

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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 (543,833 people), Architectural, engineering & related services (477,322 people), Colleges, universities & professional schools, including junior colleges (371,627 people), Construction (318,602 people), and Elementary & secondary schools (231,404 people).

The most specialized majors at Michigan Technological University are Engineering (1,115 degrees awarded), Natural Resources & Conservation (54 degrees), Math & Statistics (62 degrees), Physical Sciences (55 degrees), and Engineering Technologies (78 degrees).

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Degrees

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
  1. 294 degree-majorss awarded
  2. 92 degree-majorss awarded
  3. 83 degree-majorss awarded

In 2019, the most common bachelors degree concentration at Michigan Technological University was Mechanical Engineering with 294 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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Gender Breakdown for Common Majors

1,286
Degrees Awarded to Men
in 2019
514
Degrees Awarded to Women
in 2019

In 2019, 1,286 degrees were awarded to men at Michigan Technological University, which is 2.5 times more than the number of degrees awarded to females (514).

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

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Most Common Male Majors

In 2019, 386 degrees were awarded to men at Michigan Technological University in Mechanical Engineering, which is 8.58 times more than the 45 female recipients with that same degree.

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Most Common Female Majors

In 2019, 47 degrees were awarded to women at Michigan Technological University in Chemical Engineering, which is 0.783 times less than the 60 male recipients with that same degree.

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Time to Complete

28%
100% Completion Time
67%
150% Completion Time

In 2019, 28% of students graduating from Michigan Technological University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 67% completed their degrees within 150% of the normal time, and 69% 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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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.
American Indian or Alaska Native Male
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate at Michigan Technological University is Male and American Indian or Alaska Native (100% graduation rate). Across all Doctoral Universities, Asian Female students have the highest graduation rate (69.1%).

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, 2.54% of graduates (20 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    1,264 degrees awarded
  2. Unknown
    38 degrees awarded
  3. Two or More Races
    33 degrees awarded

The most common race/ethnicity at Michigan Technological University is white (1,264 degrees awarded). There were 33.3 times more white recipients than the next closest race/ethnicity group, unknown (38 degrees).

2.11% of degree recipients (38 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic
  1. White Male
    890 degrees awarded
  2. White Female
    374 degrees awarded
  3. Hispanic or Latino Male
    19 degrees awarded

The most common race/ethnicity and gender grouping at Michigan Technological University is white male (890 degrees awarded). There were 2.38 times more white male recipients than the next closest race/ethnicity group, white female (374 degrees).

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Operations

Michigan Technological University has an endowment valued at nearly $114M, as of the end of the 2019 fiscal year. The return on its endowment was of $6.21M (5.47%), compared to the 4.24% average return ($13.2M on $311M) across all Doctoral Universities.

In 2019, Michigan Technological University had a total salary expenditure of $276M. Michigan Technological University employs 124 Associate professors, 121 Professors, and 76 Assistant professors. Most academics at Michigan Technological University are Male Professors (94), Male Associate professors(91), and Male Assistant professors (46).

The most common positions for non-instructional staff at Michigan Technological University are: Business and Financial Operations, with 162 employees, Office and Administrative Support, with 159 employees, and Service with 151 employees.

Finances

Endowment

$114M
2019 Endowment
1.4%
decline from 2018

Michigan Technological University has an endowment valued at about $114M, as of the end of the 2019 fiscal year. The endowment of Michigan Technological University declined 1.4% from the previous year. The value of their endowment was $197M 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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Government Grants and Contracts

Grants & Contracts
  1. $28.8M - Federal
  2. $4.38M - State
  3. $0 - Local

As of 2019, Michigan Technological University received $28.8M in grants and contracts from the federal government, $4.38M from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$127M
2019 Salaries
1.73%
growth from 2018

In 2019, Michigan Technological University paid a median of $127M in salaries, which represents 46.1% of their overall expenditure ($276M) and a 1.73% growth from the previous year. This is compared to a 3.35% growth from 2017 and a 3.76% growth from 2016.

The median for similar Doctoral Universities is 234M (42.4% of overall expenditures).

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Instructional Salaries

$38.8M
Instructional Salaries
409
Number of Employees

In 2019, Michigan Technological University paid a total of $38.8M to 409 employees working as instructors, which represents 30.5% of all salaries paid.

This is compared to a median of $71.1M (30.3%) for similar Doctoral Universities.

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Faculty and Staff

Occupations by Share

Associate professor
Most Common Instructor
124 Employees
Business and Financial Operations
Most Common Non-Instructional Employee
162 Employees

In 2019, the most common positions for instructional staff at Michigan Technological University were Associate professor with 124 employees; Professor with 121 employees; and Professor with 76 employees.

In 2019, the most common positions for non-instructional staff at Michigan Technological University were Business and Financial Operations with 162 employees; Office and Administrative Support with 159 employees; and Service with 151 employees.

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Instructors by Academic Rank and Gender

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

In 2019, the most common demographic for instructional staff at Michigan Technological University was Male Professor with 94 employees, Male Associate professor with 91 employees, and Male Assistant professor with 46 employees.

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

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