Tech Tuition up 4.2 percent

Michigan Tech students will be facing an average of 4.2 percent tuition increases for the fall.  Adjustments were made Monday after Governor Snyder signed the next fiscal year’s state budget bill.  As a result, Michigan Technological University’ has adjusted tuition rates complies with the tuition increase caps the state has set in its university appropriation guidelines.

This adjustment maintains a balanced budget for Michigan Tech next year.

Michigan Tech’s budget for the coming fiscal year increases financial aid to undergraduate students by $3.2 million, a 10 percent increase over current year expenditures. This additional financial aid recognizes a projected increase in enrollment and reflects Tech’s emphasis on student access and affordability.

“Each year that state leadership has set a tuition increase cap, Michigan Tech has been at or below that cap,” noted President Glenn Mroz. “By most state and national measures, Michigan Tech continues to be a recognized leader in return on investment for a college education. Next year’s budget, which includes a healthy increase in financial aid for our students, ensures this leadership will continue.”