Annual College Costs ( Fall 2006 )

Financial Aid Statistics

• Full-time freshman enrollment: 1,324
• Number who applied for need-based aid: 1,104
• Number who were judged to have need: 700
• Number who were offered aid: 699
• Number who had full need met: 218

• Average percent of need met: 82%
• Average financial aid package: $8,711
• Average need-based loan: $3,712
• Average need-based scholarship or grant award: $5,829
• Average non-need based aid: $2,973
• Average indebtedness at graduation: $13,587

Financial Aid Distribution

• Scholarships / grants: 44%
• Loans / jobs: 56%

Michigan Technological University Scholar Awards; full tuition, room and board, allowance for books; based on merit, Michigan residency, recommendation by high school teacher by mid-October of senior year. Presidential Scholars Program; $1,000 to full tuition; based on merit, Michigan residency, high school class rank. Michigan Technological University Merit Scholarships; $1,000-$2,000; based on merit and need, U.S. citizenship, high school class rank, finalist status in National Merit Scholarship Qualifying Test. National Scholars Program; $6,000-$12,000; merit-based for non-Michigan resident of U.S. or Canada. Alumni Legacy Award; equal to difference of resident and nonresident tuition; for non-Michigan residents who are children or grandchildren of alumni. Michigan Tech Alumni Legacy Award; $250 per year for maximum of 4 years; for Michigan residents who are children or grandchildren of alumni.

Financial Aid Forms

Domestic first-year financial aid applicants must submit the following forms, if applicable:

• FAFSA

Contact Information

Financial Aid Office phone: (906) 987-2622

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