#6 Best Public Universities in Minnesota

Minnesota State University-Mankato Tuition & Cost

Mankato, Minnesota

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How much does it cost to attend?

In State Minnesota Resident Sticker Price
In State Costs for Minnesota State University Mankato
Fee Cost
Books and Supplies$1,042
Other Fees$1,062
Room and Board $10,078
Other Expenses Budget$1,978
Out of State Resident Sticker Price
Out of State Costs for Minnesota State University Mankato
Fee Cost
Books and Supplies$1,042
Other Fees$1,062
Room and Board $10,078
Other Expenses Budget$1,978

Residents of Minnesota pay an annual total price of $21,664 to attend Minnesota State University Mankato on a full time basis. This fee is comprised of $7,504 for tuition, $10,078 room and board, $1,042 for books and supplies and $1,062 for other fees.

Out of state residents are charged a total cost of $30,082 which is 38.9% higher than Minnesota residents. The tuition charge is $15,922 while room and board is $10,078, books and supplies are $1,042 and other fees come in at $1,062.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

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

Average Net Price 2019/2020
Net Price by Income Minnesota State University Mankato
Family Income Net Price Paid
$0 to $30,000$11,692
$30,001 to $48,000$12,263
$48,001 to $75,000$14,995
$75,001 to $110,000$18,728

The average reported annual net price for Minnesota State University Mankato for students receiving grants or scholarship aid was $15,201 in 2019/2020. 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

98% of full-time undergrad Minnesota State University Mankato received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $3,778 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 67% of students received Federal Student Loans averaging $5,492 and 23% of undergrads took out private student loans averaging $10,644.

Finanical Aid Minnesota State University Mankato
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $3,778 98%
Institutional Grants and Scholarships $3,263 27%
Pell Grants $4,318 27%
Other Federal Grants $565 89%
State and Local Grants $2,967 36%
Federal Student Loans $5,492 67%
Other Student Loans $10,644 23%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Minnesota State University Mankato, we've modeled a ten year student loan with an original principal value of $46,280. The loan balance of $46,280 is a four year multiple of the $11,570 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 $442 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 $46,280
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $441.56
Total Interest Paid $6,707.47
Sum of All Loan Payments $52,987.47

Projected 4 Year Degree Price

4 Year Sticker Price
Year Minnesota Residents Non Residents
1 $21,664 $30,082
2 $22,041 $30,605
3 $22,424 $31,137
4 $22,813 $31,678

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Minnesota State University Mankato to be $86,656 - assuming graduation in normal time. The estimation assumes a 1.7% 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 Minnesota State University Mankato
Price Per Credit 3 Credit Class 4 Credit Class
Minnesota Residents $313 $939 $1,252
Out of State Residents $663 $1,989 $2,652

Estimated cost for a class at Minnesota State University Mankato 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 Minnesota State University Mankato versus other colleges.

Tuition Payment Plans Available

Minnesota State University Mankato 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=173920 IPEDS survey data for Minnesota State University Mankato.