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#9 Best Public Universities in Minnesota

Southwest Minnesota State University Tuition & Cost

Marshall, Minnesota

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How much does it cost to attend?

Sticker Price
$21,282
Costs for Southwest Minnesota State University
Fee Cost
Tuition$7,722
Books and Supplies$1,200
Other Fees$1,152
Room and Board $8,278
Other Expenses Budget$2,930

Annual Prices

The annual list price to attend Southwest Minnesota State University on a full time basis for 2018/2019 is $21,282 for all students regardless of their residency. This fee is comprised of $7,722 for tuition, $8,278 room and board, $1,200 for books and supplies and $1,152 for other fees. Out of state tuition for Southwest Minnesota State University is $7,722, 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 Southwest Minnesota State University when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$14,658
Net Price by Income Southwest Minnesota State University
Family Income Net Price Paid
$0 to $30,000$10,801
$30,001 to $48,000$11,410
$48,001 to $75,000$13,988
$75,001 to $110,000$18,005
$110,000+$17,797

The average reported annual net price for Southwest Minnesota State University for students receiving grants or scholarship aid was $14,658 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

94% of full-time undergrad Southwest Minnesota State University received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $5,585 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 70% of students received Federal Student Loans averaging $5,017 and 21% of undergrads took out private student loans averaging $7,805.

Finanical Aid Southwest Minnesota State University
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $5,585 94%
Institutional Grants and Scholarships $2,463 82%
Pell Grants $4,405 42%
Other Federal Grants $551 18%
State and Local Grants $2,768 46%
Federal Student Loans $5,017 70%
Other Student Loans $7,805 21%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Southwest Minnesota State University, we've modeled a ten year student loan with an original principal value of $47,392. The loan balance of $47,392 is a four year multiple of the $11,848 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 $452 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 $47,392
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $452.17
Total Interest Paid $6,868.63
Sum of All Loan Payments $54,260.63

Projected 4 Year Degree Price

4 Year Sticker Price
$85,128
Year All Residents
1 $21,282
2 $21,730
3 $22,188
4 $22,656

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Southwest Minnesota State University to be $85,128 - assuming graduation in normal time. The estimation assumes a 2.1% 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 Southwest Minnesota State University
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $250 $750 $1,000

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

Tuition Payment Plans Available

Southwest Minnesota State University 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=175078 IPEDS survey data for Southwest Minnesota State University.