Coursework Fees -
  1. The Tuition for one credit is $1,026.50.
  2. The minimum and maximum no. of available credits you can take per semester are 9 and 13 respectively.
  3. So, the Tuition for a semester can range between: $9,238.50 to $13,344.50, depending on how many credits you take per semester.
  4. A student who is enrolled for one credit during the summer semester is considered full time.
  5. You are allowed to enroll for less than 9 credits in your last semester if you have lesser than 9 credits left out to the required minimum total 30 credits to complete your degree.
  6. You need a minimum of 30 credits to graduate, so your total tuition would be $30,795.
  7. Any courses taken online incur an additional fee of $38 per credit hour.

Other Costs per Month -
  1. The living costs breakdown is as following:
    1. Apartment Rent (including all utilities) -
      this can range from $250 to $500 depending on where you live.
    2. Food Cost -
      this can range from $50 to $100 depending on:
      1. where you eat, 
      2. how much you eat, and 
      3. if you cook your food yourself or not.
        Example - If you only eat Pizza and drink Beer everyday, Food Cost is $500
    3. Phone Service Cost -
      this can range from $10 to $50 depending on which plan you opt for.
    4. Miscellenaeous Costs -
      Personal needs, inter-city travel, etc can be estimated at 10$-50$ depending on how you opt for services and also on how many things you brought with you from your home.

      Therefore, living cost can be (estimated) to range from $320 to $1100 per month. Therefore for 20 months, can be (estimated) to range from $6400 to $22000.
  2. Health insurance -
    1. Religare provides health insurance at ~$340 per year.Therefore for 20 months, the total insurance cost would be ~$565. 
    2. ISO provides health insurance at $50 per month.
      Therefore for 20 months, the total insurance cost would be $1,000.

Additional Costs per Semester -

  1. Required fees per semester, for on-campus students, include:
    Fall and Spring Activity Fee—$50.00
    Summer Activity Fee—$10.00
    Fall and Spring Experience Tech Fee—$74.00 (not assessed in Summer)
  2. The loan origination fee, an estimated $75 per semester, is charged to those students receiving federal loans.
  3. Required Fees is $124 per semester and $10 for the summer semester. 
  4. Lab and Course Fees can be (estimated) as $70-$700 per semester (excluding summer semester). 
  5. Books and Supplies can be (estimated) as $300 per semester and $100 for the summer semester. 
Henceforth, it can be concluded that for US citizens, the charges for living, insurance, books, and all other basic needs and miscellaneous charges over the course of 16 months (3 semesters) (if you do 10 credits every semester and 0 credits in your last (4th) semester) is ~$12,200.
Therefore, the total cost comes out to be = Tuition + All Other Charges = $30,795 + ~$12,200 = ~$43,000 = ~29,00,000 INR = Rs.29 Lakhs


Additional Costs for International Students -


  1. If you transfer all your tuition through Flywire, the transfer charges would be 1.625% of the total amount transferred, that is, an extra $500 to transfer your tuition fee from your home country to USA.
  2. International students are assessed a $200 surcharge per semester (excluding summer semester). 
  3. Newly admitted international students who are enrolling at Michigan Tech for the first time will be assessed a one-time, $100 international graduate student enrollment surcharge at the start of their first semester of enrollment.
Henceforth, it can be concluded that for international students, the charges for living, insurance, books, and all other basic needs and miscellaneous charges over the course of 20 months (4 semesters) (if you do 1-3 credits in your last (4th) semester) is ~$15,200. This is $3000 (Rs. 2 Lakhs) more than the cost for US residents. 
Therefore, the total cost comes out to be = Tuition + All Other Charges = $30,795 + ~$15,200 = ~$46,000 = ~31,00,000 INR = Rs.31 Lakhs


Late Fees -

  1. All students must confirm their enrollment each semester by paying their Michigan Tech student bill to avoid late fees and keep their course schedule.
  2. If no money is owed or there is a credit balance, the student must confirm enrollment by clicking the button at the bottom of the online bill before the deadline.
  3. If money is owed, payment of the amount due on the billing statement, or the amount due on your payment plan contract, must be made before the deadline.
  4. Your enrollment must be confirmed by the due date. If you miss this deadline, a late enrollment processing fee will be assessed to your account. 
  5. Your enrollment will be canceled if enrollment is not confirmed by Wednesday of the first week of classes. 
  6. A late enrollment/registration fee is assessed for students who reschedule their classes.
  7. The Deadline for fee payment is 5 p.m. (Eastern time) for non-summer bills and 4 p.m. Eastern time for summer bills on the due date.


References -
http://www.mtu.edu/finaid/tuition/cost/
http://www.mtu.edu/student-billing/services/confirm/

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Ankit

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