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South Dakota School of Mines and Technology Tuition & Cost

Rapid City, South Dakota

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How much does it cost to attend?

In State South Dakota Resident Sticker Price
$25,980
In State Costs for South Dakota School of Mines and Technology
Fee Cost
Tuition$7,610
Books and Supplies$2,040
Other Fees$3,160
Room and Board $8,770
Other Expenses Budget$4,400
Out of State Resident Sticker Price
$30,290
Out of State Costs for South Dakota School of Mines and Technology
Fee Cost
Tuition$11,920
Books and Supplies$2,040
Other Fees$3,160
Room and Board $8,770
Other Expenses Budget$4,400

Residents of South Dakota pay an annual total price of $25,980 to attend South Dakota School of Mines and Technology on a full time basis. This fee is comprised of $7,610 for tuition, $8,770 room and board, $2,040 for books and supplies and $3,160 for other fees.

Out of state residents are charged a total cost of $30,290 which is 16.6% higher than South Dakota residents. The tuition charge is $11,920 while room and board is $8,770, books and supplies are $2,040 and other fees come in at $3,160.

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 South Dakota School of Mines and Technology when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2018/2019
$19,444
Net Price by Income South Dakota School of Mines and Technology
Family Income Net Price Paid
$0 to $30,000$15,464
$30,001 to $48,000$16,644
$48,001 to $75,000$20,299
$75,001 to $110,000$21,246
$110,000+$21,324

The average reported annual net price for South Dakota School of Mines and Technology for students receiving grants or scholarship aid was $19,444 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

78% of full-time undergrad South Dakota School of Mines and Technology received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $4,827 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 56% of students received Federal Student Loans averaging $5,076 and 12% of undergrads took out private student loans averaging $11,515.

Finanical Aid South Dakota School of Mines and Technology
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $4,827 78%
Institutional Grants and Scholarships $3,644 66%
Pell Grants $4,178 20%
Other Federal Grants $2,075 9%
State and Local Grants $1,275 26%
Federal Student Loans $5,076 56%
Other Student Loans $11,515 12%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to South Dakota School of Mines and Technology, we've modeled a ten year student loan with an original principal value of $53,988. The loan balance of $53,988 is a four year multiple of the $13,497 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 $515 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 $53,988
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $515.11
Total Interest Paid $7,824.61
Sum of All Loan Payments $61,812.61

Projected 4 Year Degree Price

4 Year Sticker Price
$103,920
Year South Dakota Residents Non Residents
1 $25,980 $30,290
2 $30,266 $35,287
3 $35,260 $41,109
4 $41,077 $47,892

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at South Dakota School of Mines and Technology to be $103,920 - assuming graduation in normal time. The estimation assumes a 16.5% 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 South Dakota School of Mines and Technology
Price Per Credit 3 Credit Class 4 Credit Class
South Dakota Residents $254 $762 $1,016
Out of State Residents $397 $1,191 $1,588

Estimated cost for a class at South Dakota School of Mines and Technology 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 South Dakota School of Mines and Technology versus other colleges.

Tuition Payment Plans Available

South Dakota School of Mines and Technology 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=219347 IPEDS survey data for South Dakota School of Mines and Technology.