Tuition fees for Montana residents attending Montana Technological University rose by 2.4% during the 2022-23 school year, based on the most recent information available, according to the latest disclosure from the National Center for Education Statistics.
This year, Montana residents paid $7,580 to attend the four-year public university, an increase of $180 from the $7,400 charged in the 2021-22 academic year.
Non-resident students faced tuition costs that were 206.2% higher than those for residents in 2022-23, amounting to $23,210. This represents a 2.8% increase from the $22,570 charged in the previous year.
Approximately 77% of the undergraduate student body at the university are Montana residents, while the remaining 23% come from other states.
Data indicates that 93% of full-time undergraduates who enrolled at Montana Technological University in 2022-23 received some form of financial aid. Specifically, 247 students were awarded grants or scholarships totaling $1.4 million, and 156 students obtained student loans exceeding $935,837.
Across the entire undergraduate population, 1,008 students received grants or scholarships amounting to $7.2 million. Additionally, 596 students borrowed a total of $3.6 million in federal student loans.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the Montana Technological University in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 63 | 21% | $344,293 | $5,465 |
| State / local grant or scholarship | 90 | 29% | $103,944 | $1,155 |
| Institutional grants or scholarships | 215 | 70% | $960,274 | $4,466 |
| Grant or scholarship aid total | 247 | 80% | $1.4 million | $5,702 |
| Federal student loans | 155 | 50% | $745,167 | $4,808 |
| Other student loans | 15 | 5% | $190,670 | $12,711 |
| Student loan aid | 156 | 51% | $935,837 | $5,999 |
| Total student aid | 286 | 93% | $2.3 million | $8,197 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
