Michigan Technological University
Public Research University in Houghton, MI. Six-year graduation rate 68%. Median 10-year earnings $78,198.
A decade after enrolling, the median Michigan Technological University student earns $78,198 — comfortably above what the typical bachelor's-granting institution returns. The six-year graduation rate of 68% is well above average and the clearest sign this school holds onto its students. Graduates carry a median of $24,990 in debt — in line with the national norm.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ Debt-to-income ratio 0.32 — healthy (below the 0.40 threshold)
- ✓ 3-year loan default 0.0% — below national benchmark
Admissions
Michigan Technological University admits 92% of applicants — effectively open admission, so the application is a formality rather than a hurdle. 11,491 students applied, a pool deep enough to make the acceptance rate meaningful. Only 13% of admitted students enroll — the great majority of admits go elsewhere or nowhere. The score bands below cover the middle 50% of the enrolled students who submitted a score — not the whole class, and not a cutoff.
Test score bands (middle 50% of submitters)
These bands describe the enrolled first-years who submitted a score, not the entering class. Where most students apply test-optional the submitters are a self-selected, higher-scoring group.
| Test | 25th–75th percentile | Submitted |
|---|---|---|
| SAT Evidence-Based Reading | 570–680 | 972 (71%) |
| SAT Math | 560–670 | |
| ACT Composite | 25–31 | 274 (20%) |
IPEDS Admissions · 2024
Apply at Michigan Technological University →Academics
A 68% six-year graduation rate is the strongest academic signal on this page. 89% of full-time first-years return for a second year — a healthy figure. Retention and graduation track closely, so most of the attrition shows up in the first year rather than after it. Transfer-out runs to 19% — common enough at this school that the completion rate is measuring a smaller group than the entering class. A 13:1 ratio points to small classes and accessible faculty.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 5,829 degree- or certificate-seeking undergraduates
Average net price after grant aid is $16,879 a year — mid-range for a four-year institution. Net price swings hard on family income here, from $2,045 at the $0–30k band to $23,107 at $110k+. Most students get help: 92% receive grants worth $16,968 on average. Federal borrowing reaches 46% of students.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 1,459 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $2,045 |
| $30–48k | $3,373 |
| $48–75k | $6,187 |
| $75–110k | $12,813 |
| $110k+ | $23,107 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 2,684 of these 5,829 students, totalling $16,137,762 — an average of $6,013 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Houghton County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
VA GI Bill Comparison Tool (Veterans Affairs GIDS)