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#25 Best Public Universities in America

Minnesota Tuition & Cost

Minneapolis, Minnesota

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How much does it cost to attend?

In State Minnesota Resident Sticker Price
$28,819
In State Costs for University of Minnesota Twin Cities
Fee Cost
Tuition$13,318
Books and Supplies$1,000
Other Fees$1,709
Room and Board $10,358
Other Expenses Budget$2,434
Out of State Resident Sticker Price
$47,117
Out of State Costs for University of Minnesota Twin Cities
Fee Cost
Tuition$31,616
Books and Supplies$1,000
Other Fees$1,709
Room and Board $10,358
Other Expenses Budget$2,434

Residents of Minnesota pay an annual total price of $28,819 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 $47,117 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 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 Twin Cities when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$17,279
Net Price by Income University of Minnesota Twin Cities
Family Income Net Price Paid
$0 to $30,000$7,266
$30,001 to $48,000$8,418
$48,001 to $75,000$12,556
$75,001 to $110,000$19,942
$110,000+$24,913

The average reported annual net price for University of Minnesota Twin Cities for students receiving grants or scholarship aid was $17,279 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

61% 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 $9,334 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 45% of students received Federal Student Loans averaging $5,244 and 10% of undergrads took out private student loans averaging $13,121.

Finanical Aid University of Minnesota Twin Cities
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $9,334 61%
Institutional Grants and Scholarships $5,640 59%
Pell Grants $4,829 17%
Other Federal Grants $637 16%
State and Local Grants $5,764 25%
Federal Student Loans $5,244 45%
Other Student Loans $13,121 10%

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
$115,276
Year Minnesota Residents Non Residents
1 $28,819 $47,117
2 $29,420 $48,100
3 $30,034 $49,103
4 $30,661 $50,128

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 $115,276 - 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 University of Minnesota Twin Cities
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

University of Minnesota Twin Cities 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=174066 IPEDS survey data for University of Minnesota Twin Cities.