Northwest Technical Institute Tuition & Cost

Eagan, Minnesota

How much does it cost to attend?

Sticker Price
Costs for Northwest Technical Institute
Fee Cost
Books and Supplies$0
Other Fees$0
Estimated Off Campus Cost of Living $7,500
Other Expenses Budget$0

Annual Prices

The annual list price to attend Northwest Technical Institute on a full time basis for 2018/2019 is $24,780 for all students regardless of their residency. This fee is comprised of $17,280 for tuition, $7,500 room and board, $0 for books and supplies and $0 for other fees. Out of state tuition for Northwest Technical Institute is $17,280, the same as Minnesota residents.

All price data is sourced from the 2018/2019 U.S. Department of Education National Center for Education Statistics survey.

Sponsored by Cappex

Net Price

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

Average Net Price 2017/2018
Net Price by Income Northwest Technical Institute
Family Income Net Price Paid
$0 to $30,000$28,250
$30,001 to $48,000$28,870
$48,001 to $75,000n/a
$75,001 to $110,000n/a

The average reported annual net price for Northwest Technical Institute for students receiving grants or scholarship aid was $25,130 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

Finanical Aid Northwest Technical Institute
Type Avg./Student Students Receiving
Annual Total Grant Aid $0 0%
Pell Grant $2,814 52%
Federal Student Loan $9,900 75%

The average reported annual net price for Northwest Technical Institute for students receiving grants or scholarship aid was $25,130 in 2017/2018.

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Northwest Technical Institute, we've modeled a ten year student loan with an original principal value of $49,016. The loan balance of $49,016 is a two year multiple of the $24,508 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 $509 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 4.529%.

Example Loan $49,016
Stafford Loan Interest Rate 4.5%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $508.68
Total Interest Paid $12,025.54
Sum of All Loan Payments $61,041.54

Projected 2 Year Degree Price

2 Year Sticker Price
Year All Residents
1 $24,780
2 $26,515

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Northwest Technical Institute to be $49,560 - assuming graduation in normal time. The estimation assumes a 7% annual increase over the next 2 years which is the national trend.

Tuition Payment Plans Available

Northwest Technical Institute 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=174482 IPEDS survey data for Northwest Technical Institute.