How much does it cost to attend?
In State Minnesota Resident Sticker Price
| Fee | Cost |
|---|---|
| Tuition | $13,318 |
| Books and Supplies | $1,000 |
| Other Fees | $1,709 |
| Room and Board | $10,358 |
| Other Expenses Budget | $2,442 |
Out of State Resident Sticker Price
| Fee | Cost |
|---|---|
| Tuition | $31,616 |
| Books and Supplies | $1,000 |
| Other Fees | $1,709 |
| Room and Board | $10,358 |
| Other Expenses Budget | $2,442 |
Residents of Minnesota pay an annual total price of $28,827 to attend University of Minnesota Twin Cities on a full time basis. This fee is comprised of $13,318 for tuition, $10,358 room and board, $1,000 for books and supplies and $1,709 for other fees.
Out of state residents are charged a total cost of $47,125 which is 63.5% higher than Minnesota residents. The tuition charge is $31,616 while room and board is $10,358, books and supplies are $1,000 and other fees come in at $1,709.
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 University of Minnesota Twin Cities when typical grants and scholarships are considered. The net price varies by family income and financial need.
Average Net Price 2019/2020
| Family Income | Net Price Paid |
|---|---|
| $0 to $30,000 | $7,698 |
| $30,001 to $48,000 | $8,609 |
| $48,001 to $75,000 | $12,911 |
| $75,001 to $110,000 | $18,938 |
| $110,000+ | $25,369 |
The average reported annual net price for University of Minnesota Twin Cities for students receiving grants or scholarship aid was $17,729 in 2019/2020. 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
77% of full-time undergrad University of Minnesota Twin Cities received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $10,519 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 40% of students received Federal Student Loans averaging $5,175 and 9% of undergrads took out private student loans averaging $13,816.
| Type | Avg./Student | Students Receiving |
|---|---|---|
| Total Grant and Scholarship Aid | $10,519 | 77% |
| Institutional Grants and Scholarships | $6,553 | 60% |
| Pell Grants | $4,915 | 18% |
| Other Federal Grants | $644 | 17% |
| State and Local Grants | $5,909 | 26% |
| Federal Student Loans | $5,175 | 40% |
| Other Student Loans | $13,816 | 9% |
Student Loans
To gauge a more realistic picture of what it may really cost you out of pocket to go to University of Minnesota Twin Cities, we've modeled a ten year student loan with an original principal value of $64,076. The loan balance of $64,076 is a four year multiple of the $16,019 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 $611 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 | $64,076 |
| Stafford Loan Interest Rate | 2.75% |
| Time to Pay Off Student Loan | 10 years |
| Example Monthly Payment | $611.36 |
| Total Interest Paid | $9,286.69 |
| Sum of All Loan Payments | $73,362.69 |
Projected 4 Year Degree Price
4 Year Sticker Price
| Year | Minnesota Residents | Non Residents |
|---|---|---|
| 1 | $28,827 | $47,125 |
| 2 | $29,335 | $47,955 |
| 3 | $29,851 | $48,800 |
| 4 | $30,377 | $49,659 |
Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at University of Minnesota Twin Cities to be $115,308 - assuming graduation in normal time. The estimation assumes a 1.8% annual increase over the next 4 years which has been the recent trend for this school.
Credit Hour Cost and Price per Class
| Price Per Credit | 3 Credit Class | 4 Credit Class | |
|---|---|---|---|
| Minnesota Residents | $512 | $1,536 | $2,048 | Out of State Residents | $1,216 | $3,648 | $4,864 |
Estimated cost for a class at University of Minnesota Twin Cities 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 Twin Cities versus other colleges.
Tuition Payment Plans Available
| 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=174066 IPEDS survey data for University of Minnesota Twin Cities.