Financing a college education can be a challenge. And, like everything else, educational costs keep rising. But cost should be viewed in terms of benefit received. Committed to providing a quality education at an affordable cost, Michigan Technological University has been recognized by publications such as Money Guide and U.S. News & World Report for high value received in relation to the educational dollar spent. In addition, the income-earning potential of a Michigan Tech graduate can far outweigh the cost of obtaining the degree.

Michigan Tech is committed to making it possible for all qualified students to attend, regardless of financial circumstances. Currently 84 percent of Michigan Tech’s students receive financial aid totaling $60 million annually.

Four kinds of assistance are available to Michigan Tech students:

• Scholarships—Awarded on the basis of student potential and, in some cases, financial need. Scholarships are gift assistance.
• Grants—These funds are provided by the federal or state government or by MTU and do not need to be repaid.
• Loans—The interest charged on student loans is below regular rates. Payment of the interest and principal on need-based loans does not begin until after students leave Michigan Tech.
• Part-Time Employment—Through multiple programs, MTU provides student employment opportunities. Students are paid for the work they perform.

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