#11 Best Private Colleges in Minnesota

Augsburg College Tuition & Cost

Minneapolis, Minnesota

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How much does it cost to attend?

Sticker Price

Costs for Augsburg College
Fee Cost
Books and Supplies$1,200
Other Fees$730
Room and Board $11,222
Other Expenses Budget$2,500

Annual Tuition & Costs

The annual tuition to attend Augsburg College is $40,277. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $11,222. For educational materials, students should allocate approximately $1,200 for books and supplies plus $730 for other fees charged by the school. Finally, students should budget $2,500 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend Augsburg College on a full-time basis is $55,929 per annum.

All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.
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Net Price

The average reported annual net price for Augsburg College for students receiving grants or scholarship aid was $24,306 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

The net price provides a more realistic estimate of the true cost of attending Augsburg College, once common grants and scholarships have been taken into account. It's important to note that this net price can fluctuate based on factors such as family income and individual financial need.

Average Net Price 2019/2020

Net Price by Income Augsburg College
Family Income Net Price Paid
$0 to $30,000$20,989
$30,001 to $48,000$20,943
$48,001 to $75,000$23,244
$75,001 to $110,000$25,949

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 $30,340 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 88% of students received Federal Student Loans averaging $5,670 and 13% of undergrads took out private student loans averaging $12,190.

Finanical Aid Augsburg College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $30,340 100%
Institutional Grants and Scholarships $22,157 100%
Pell Grants $5,001 62%
Other Federal Grants $1,028 85%
State and Local Grants $5,927 71%
Federal Student Loans $5,670 88%
Other Student Loans $12,190 13%

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 $871 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 4.99%.

Example Loan $82,192
Stafford Loan Interest Rate 4.99%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $871.37
Total Interest Paid $22,372.64
Sum of All Loan Payments $104,564.64

Projected 4 Year Degree Price

4 Year Sticker Price

Year All Residents
1 $55,929
2 $57,345
3 $58,798
4 $60,287

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 $223,716 - assuming graduation in normal time. The estimation assumes a 2.5% 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 $1,259 $3,777 $5,036

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

Costs for Similar Colleges 

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