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Minneapolis, Minnesota

University of Minnesota-Twin Cities Tuition & Cost

How much does it cost to attend?

In State Minnesota Resident Sticker Price
$27,469
In State Costs for University of Minnesota Twin Cities
Fee Cost
Tuition$12,800
Books and Supplies$1,000
Other Fees$1,617
Room and Board $9,852
Other Expenses Budget$2,200
Out of State Resident Sticker Price
$39,655
Out of State Costs for University of Minnesota Twin Cities
Fee Cost
Tuition$24,986
Books and Supplies$1,000
Other Fees$1,617
Room and Board $9,852
Other Expenses Budget$2,200

Residents of Minnesota pay an annual total price of $27,469 to attend University of Minnesota Twin Cities on a full time basis. This fee is comprised of $12,800 for tuition, $9,852 room and board, $1,000 for books and supplies and $1,617 for other fees.

Out of state residents are charged a total cost of $39,655 which is 44.4% higher than Minnesota residents. The tuition charge is $24,986 while room and board is $9,852, books and supplies are $1,000 and other fees come in at $1,617.

All price data is sourced from the 2017/2018 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 2017/2018
$16,808
Net Price by Income University of Minnesota Twin Cities
Family Income Net Price Paid
$0 to $30,000$7,676
$30,001 to $48,000$8,336
$48,001 to $75,000$12,565
$75,001 to $110,000$19,658
$110,000+$24,040

The average reported annual net price for University of Minnesota Twin Cities for students receiving grants or scholarship aid was $16,808 in 2017/2018. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Financial Aid

Finanical Aid University of Minnesota Twin Cities
Type Avg./Student Students Receiving
Annual Total Grant Aid $8,760 62%
Pell Grant $4,465 18%
Federal Student Loan $5,369 46%

The average reported annual net price for University of Minnesota Twin Cities for students receiving grants or scholarship aid was $16,808 in 2017/2018.

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 $669 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 4.7%.

Example Loan $64,076
Stafford Loan Interest Rate 4.7%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $669.03
Total Interest Paid $16,207.19
Sum of All Loan Payments $80,283.19

Projected 4 Year Degree Price

4 Year Sticker Price
$109,876
Year Minnesota Residents Non Residents
1 $27,469 $39,655
2 $27,806 $40,142
3 $28,147 $40,634
4 $28,493 $41,133

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 $109,876 - assuming graduation in normal time. The estimation assumes a 1.2% 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 $492 $1,476 $1,968
Out of State Residents $961 $2,883 $3,844

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.