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Tuition Set for 2003-04
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July 2, 2003--Michigan Technological University's tuition will increase by 12.9 percent for the 2003-2004 academic year. To maintain access for qualified students, the university will also increase financial aid by $2.9 million, or 24.7 percent.
Michigan Tech has overhauled its tuition and fee structure, moving to a per-credit charge. In previous years, students taking 12-18 credits paid a flat tuition rate, with freshmen and sophomores paying less than juniors and seniors.
For 2003-04, students will pay $227 per credit. Some students will see a reduction in tuition. Juniors and seniors taking 12 credits, for example, will see a 9.6 percent decrease.
A student taking 15 credits per semester, which the state uses to define full-time status, will pay $6,810 in tuition for the year. For 2002-03, freshmen and sophomores paid $5,782, while juniors and seniors paid $6,054.
Engineering and computer science students, except for freshmen, will pay an additional $400 per semester.
"We are trying to implement a fairer system," said Michigan Tech President Curt Tompkins. "Providing a top-quality education in engineering and computer science is very expensive. It costs significantly less to provide a similar quality education to students in other fields."
The university will also adopt a one-price structure for graduate students. Beginning this fall, graduate students will pay $398 per credit. Grad students in engineering and computer science will also pay the surcharge.
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