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#12 Best Private Colleges in Minnesota

Augsburg College Tuition & Cost

Minneapolis, Minnesota

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How much does it cost to attend?

Sticker Price
$54,211
Costs for Augsburg College
Fee Cost
Tuition$39,295
Books and Supplies$1,200
Other Fees$660
Room and Board $10,556
Other Expenses Budget$2,500

Annual Prices

The annual list price to attend Augsburg College on a full time basis for 2018/2019 is $54,211 for all students regardless of their residency. This fee is comprised of $39,295 for tuition, $10,556 room and board, $1,200 for books and supplies and $660 for other fees. Out of state tuition for Augsburg College is $39,295, the same as Minnesota residents.

All price data is sourced from the 2019/2020 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

Net price is indicative of what it actually costs to attend Augsburg College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$25,311
Net Price by Income Augsburg College
Family Income Net Price Paid
$0 to $30,000$21,179
$30,001 to $48,000$21,545
$48,001 to $75,000$23,301
$75,001 to $110,000$25,370
$110,000+$31,711

The average reported annual net price for Augsburg College for students receiving grants or scholarship aid was $25,311 in 2018/2019. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

100% of full-time undergrad Augsburg College received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $27,333 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 91% of students received Federal Student Loans averaging $5,406 and 12% of undergrads took out private student loans averaging $12,012.

Finanical Aid Augsburg College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $27,333 100%
Institutional Grants and Scholarships $20,444 100%
Pell Grants $4,701 55%
Other Federal Grants $3,145 13%
State and Local Grants $5,558 69%
Federal Student Loans $5,406 91%
Other Student Loans $12,012 12%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Augsburg College, we've modeled a ten year student loan with an original principal value of $82,192. The loan balance of $82,192 is a four year multiple of the $20,548 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $784 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $82,192
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $784.20
Total Interest Paid $11,912.28
Sum of All Loan Payments $94,104.28

Projected 4 Year Degree Price

4 Year Sticker Price
$216,844
Year All Residents
1 $54,211
2 $55,986
3 $57,820
4 $59,713

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Augsburg College to be $216,844 - assuming graduation in normal time. The estimation assumes a 3.3% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Augsburg College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,228 $3,684 $4,912

Estimated cost for a class at Augsburg College based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Augsburg College versus other colleges.

Tuition Payment Plans Available

Augsburg College Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=173045 IPEDS survey data for Augsburg College.