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#2 Best Value Colleges in Minnesota

University of Minnesota-Morris Tuition & Cost

Morris, Minnesota

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How much does it cost to attend?

Sticker Price
$24,680
Costs for University of Minnesota Morris
Fee Cost
Tuition$12,324
Books and Supplies$800
Other Fees$1,254
Room and Board $8,452
Other Expenses Budget$1,850

Annual Prices

The annual list price to attend University of Minnesota Morris on a full time basis for 2018/2019 is $24,680 for all students regardless of their residency. This fee is comprised of $12,324 for tuition, $8,452 room and board, $800 for books and supplies and $1,254 for other fees. Out of state tuition for University of Minnesota Morris is $14,378, 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 University of Minnesota Morris when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$11,682
Net Price by Income University of Minnesota Morris
Family Income Net Price Paid
$0 to $30,000$4,230
$30,001 to $48,000$3,435
$48,001 to $75,000$7,558
$75,001 to $110,000$13,194
$110,000+$18,736

The average reported annual net price for University of Minnesota Morris for students receiving grants or scholarship aid was $11,682 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

95% of full-time undergrad University of Minnesota Morris received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $12,038 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 60% of students received Federal Student Loans averaging $4,937 and 15% of undergrads took out private student loans averaging $8,754.

Finanical Aid University of Minnesota Morris
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $12,038 95%
Institutional Grants and Scholarships $7,506 94%
Pell Grants $4,398 35%
Other Federal Grants $1,524 32%
State and Local Grants $5,307 43%
Federal Student Loans $4,937 60%
Other Student Loans $8,754 15%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to University of Minnesota Morris, we've modeled a ten year student loan with an original principal value of $54,324. The loan balance of $54,324 is a four year multiple of the $13,581 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 $518 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 $54,324
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $518.31
Total Interest Paid $7,873.31
Sum of All Loan Payments $62,197.31

Projected 4 Year Degree Price

4 Year Sticker Price
$98,720
Year All Residents
1 $26,734
2 $27,010
3 $27,288
4 $27,569

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at University of Minnesota Morris to be $98,720 - assuming graduation in normal time. The estimation assumes a 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 University of Minnesota Morris
Price Per Credit 3 Credit Class 4 Credit Class
Minnesota Residents $474 $1,422 $1,896
All Residents $553 $1,659 $2,212

Estimated cost for a class at University of Minnesota Morris 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 University of Minnesota Morris versus other colleges.

Tuition Payment Plans Available

University of Minnesota Morris 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=174251 IPEDS survey data for University of Minnesota Morris.