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Michigan Technological University
Houghton, MI 5,829 Undergrads 73.0% Grad Rate
Total Cost
$32,550
Sticker Price
Avg Net Price
$15,729
After Aid
Median Earnings
$78,198
10yr Post-Entry
Vs. Peer Institutions
Net Price$15,729
Peer Midpoint: $19,729.5
Earnings (10yr)$78,198
Peer Midpoint: $53,747
Graduation Rate73.0%
Peer Midpoint: 58.5%
Socio-Economic Diversity
Pell Grant Recipients19.0%
Enrollment Status
Full-Time96.3%
Economic Outcomes
Earn More than HS86.9%
Admissions Profile
Acceptance
87.9%
SAT Avg
1,243
SAT Reading
25th: 56061075th: 660
SAT Math
25th: 56062375th: 670
ACT Composite
25th: 252875th: 31
ROI Sensitivity Analysis
This analysis tests three cost scenarios (Scholarship, Average Net Price, Full Sticker Price) to show how college costs impact your long-term return compared to the average student and a high school graduate.
Lifetime Value Added (NPV)
Institution Lifetime NPV
Vs Median Peer
Vs HS Grad
Zero Cost (Scholarship)$0
+$653k
+$257k
+$169k
Median Cost$16k/yr
+$597k
+$200k
+$112k
Full Cost$33k/yr
+$536k
+$140k
+$52k
ROI Efficiency Metrics
Break-Even Age
Return on Inv. %
Zero Cost (Scholarship)$0
29
∞
Median Cost$16k/yr
35
198%
Full Cost$33k/yr
45
44%
Analysis Assumptions:
- Starting Salary: Estimated from the 10-year median earnings (assuming 2% annual growth from graduation).
- Comparisons: "Vs Median Peer" compares to the median student nationwide in a similar level program. "Vs HS Grad" compares to a median high school graduate.
- Break-Even: The age at which the college investment net income exceeds the median high school graduate's lifetime earnings.
- NPV: Net Present Value of all future earnings minus costs and taxes, discounted at 7.8%.
Social Impact ROINew
Measures the societal return on a donor's investment. Calculated as the incremental pre-tax lifetime earnings vs. HS grad, divided by the tax-adjusted donation cost.
Donor Return178%
Gov. Pell Grant ROINew
Measures the government's return on Pell Grants via increased tax revenue. Calculated as the portion of incremental lifetime taxes (discounted at 5.4%) attributed to the Pell Grant investment.
Taxpayer Return-4%
Important Note: Your ROI with any major will depend on the cost you pay to attend the program, and your starting salary. Both vary significantly across institutions. We encourage you to explore the ROI of a specific program variant by selecting the Program title of the credential level you are interested in. You will then have a more detailed return analysis for programs at specific institutions. We also encourage you to use the ROI calculator with your specific estimates of cost and salary.
Program ROI Analysis
Certificates
Electrical, Electronics and Communications Engineering
CertCIP: 1410
Median Debt
-
Earnings (5yr)
$101,711
Lifetime Value Added
+$570k
Bachelor's Degrees
Biology, General
BachCIP: 2601
Median Debt
$21,199
Earnings (5yr)
$45,588
Lifetime Value Added
-$132k
Biomedical/Medical Engineering
BachCIP: 1405
Median Debt
$27,000
Earnings (5yr)
$94,268
Lifetime Value Added
+$244k
Business Administration, Management and Operations
BachCIP: 5202
Median Debt
-
Earnings (5yr)
$76,798
Lifetime Value Added
+$113k
Chemical Engineering
BachCIP: 1407
Median Debt
$23,875
Earnings (5yr)
$95,207
Lifetime Value Added
+$251k
Chemistry
BachCIP: 4005
Median Debt
-
Earnings (2yr)
$41,937
Lifetime Value Added
-$141k
Civil Engineering
BachCIP: 1408
Median Debt
$24,625
Earnings (5yr)
$85,298
Lifetime Value Added
+$177k
Clinical/Medical Laboratory Science/Research and Allied Professions
BachCIP: 5110
Median Debt
$25,000
Earnings (5yr)
$63,723
Lifetime Value Added
+$14k
Communication, Journalism, and Related Programs, Other
BachCIP: 0999
Median Debt
-
Earnings (2yr)
$44,384
Lifetime Value Added
-$120k
Computer Engineering
BachCIP: 1409
Median Debt
$27,000
Earnings (5yr)
$105,712
Lifetime Value Added
+$330k
Computer Science
BachCIP: 1107
Median Debt
$23,250
Earnings (5yr)
$106,432
Lifetime Value Added
+$335k
Computer/Information Technology Administration and Management
BachCIP: 1110
Median Debt
$27,000
Earnings (5yr)
$91,410
Lifetime Value Added
+$223k
Drama/Theatre Arts and Stagecraft
BachCIP: 5005
Median Debt
-
Earnings (2yr)
$49,683
Lifetime Value Added
-$73k
Electrical, Electronics and Communications Engineering
BachCIP: 1410
Median Debt
$27,000
Earnings (5yr)
$100,565
Lifetime Value Added
+$291k
Environmental/Environmental Health Engineering
BachCIP: 1414
Median Debt
$26,000
Earnings (5yr)
$77,977
Lifetime Value Added
+$122k
Finance and Financial Management Services
BachCIP: 5208
Median Debt
-
Earnings (2yr)
$42,774
Lifetime Value Added
-$134k
Forestry
BachCIP: 0305
Median Debt
$25,500
Earnings (5yr)
$61,635
Lifetime Value Added
-$2k
Geological/Geophysical Engineering
BachCIP: 1439
Median Debt
$23,198
Earnings (2yr)
$60,161
Lifetime Value Added
+$15k
Health and Physical Education/Fitness
BachCIP: 3105
Median Debt
$19,250
Earnings (5yr)
$60,932
Lifetime Value Added
-$7k
Management Information Systems and Services
BachCIP: 5212
Median Debt
$28,000
Earnings (2yr)
$68,499
Lifetime Value Added
+$83k
Marketing
BachCIP: 5214
Median Debt
-
Earnings (5yr)
$62,635
Lifetime Value Added
+$6k
Materials Engineering
BachCIP: 1418
Median Debt
$26,000
Earnings (5yr)
$81,891
Lifetime Value Added
+$151k
Mathematics
BachCIP: 2701
Median Debt
$17,500
Earnings (5yr)
$80,141
Lifetime Value Added
+$138k
Mechanical Engineering Related Technologies/Technicians
BachCIP: 1508
Median Debt
$29,598
Earnings (5yr)
$84,118
Lifetime Value Added
+$168k
Mechanical Engineering
BachCIP: 1419
Median Debt
$27,000
Earnings (5yr)
$90,615
Lifetime Value Added
+$217k
Psychology, General
BachCIP: 4201
Median Debt
-
Earnings (5yr)
$41,654
Lifetime Value Added
-$165k
Wildlife and Wildlands Science and Management
BachCIP: 0306
Median Debt
-
Earnings (2yr)
$35,060
Lifetime Value Added
-$203k
Master's Degrees
Business Administration, Management and Operations
MastCIP: 5202
Median Debt
$19,750
Earnings (2yr)
$53,358
Lifetime Value Added
+$33k
Civil Engineering
MastCIP: 1408
Median Debt
-
Earnings (5yr)
$85,677
Lifetime Value Added
+$287k
Environmental/Environmental Health Engineering
MastCIP: 1414
Median Debt
-
Earnings (2yr)
$58,221
Lifetime Value Added
+$80k
Forestry
MastCIP: 0305
Median Debt
-
Earnings (2yr)
$45,696
Lifetime Value Added
-$43k
Mechanical Engineering
MastCIP: 1419
Median Debt
-
Earnings (5yr)
$101,287
Lifetime Value Added
+$422k
Note: Lifetime Value Added is the Net Present Value (NPV) of estimated career earnings relative to a median high school graduate, accounting for this institution's average cost and taxes. Computed over a career to retirement age.
For graduate programs (Master's, Doctoral, etc.), the calculation assumes a starting age of 22 (after undergraduate completion) and does not include the sunk costs of prior degrees. It represents the value added of the graduate degree decision moving forward. These Lifetime Value Added results should not be compared with those Undergraduate Certificates, Associates or Bachelors starting at age 18.