Tuition and Cost to Attend Minnesota State University Mankato

Annual Total Cost

The total list price cost for in-state Minnesota residents to go to Minnesota State University Mankato was $15,510 for the 2013/2014 academic year. Out-of-state students who don't possess Minnesota residence can expect a one year cost of $22,989. The components to this cost are detailed below.

Undergraduate Tuition

Minnesota State University Mankato tuition is $6,667 per year for in-state residents. This is 7% more expensive than the national average public four year tuition of $6,256. The cost is $12,238 and 65% cheaper than the average Minnesota tuition of $18,905 for 4 year colleges. Tuition ranks 3rd in Minnesota amongst 4 year colleges for affordability and is the 66th most expensive 4 year college in the state. If you're attending from out-of-state, the tuition is $14,146 which represents a 112% premium.

The school charges an additional "other" fee of $890 in addition to tuition bringing the total effective in-state tuition to $7,557.

Housing Costs

On campus room and board is provided by the school at a cost of $7,053 per year. If you elect to live off campus elsewhere in Mankato, you should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $900.

Cost Itemization

Costs and Tuition Detail for Minnesota State University Mankato
Expenditure Price
Minnesota Resident Total Cost$15,510
Non-Resident Total Cost$22,989
   In-State Tuition$6,667
   Out-of-State Tuition$14,146
   Other Fees$890
   Room and Board$7,053
   Books and Supplies$900

All price data are reprinted from the U.S. Department of Education's 2013-2014 and 2012-2013 IPEDS Survey and represent reported costs for the 2013-2014 and 2012-2013 academic years.

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What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $15,510 published price if scholarship or grant aid is made available to you.

Net Price

The net out of pocket price you end up paying or financing though student loans is known as the net price. The reported Minnesota State University Mankato net price for in-state students receiving aid was $11,570* for the 2010/2011 academic year.

Pell Grants and other Grant Aid

47% of Minnesota State University Mankato students received grant aid in 2010/2011 to help defray the cost of tuition. The average total aid amount was $4,377. 30 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2010/2011 was $3,650. To apply for a Pell Grant to attend Minnesota State University Mankato, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Minnesota State University Mankato
Financial Aid Summary
Average Annual Net Price$11,570*
Percent of Students Receiving Grant Aid47%
Average Total Grant Aid$4,377
Percent of Students Receiving Pell Grants30%
Average Amount of Pell Grant Aid$3,650

Average Financial Aid Mix - $15,510 In-State Total Cost

Estimated coverage of the annual in-state tuition and living expenses of $15,510. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

4377
6537
4596

 28% - $4,377

Grants and Scholarships

Money granted to you by the U.S. Department of Education or Minnesota State University Mankato. These are not loans and do not need to be repaid.

 42% - $6,537

Federal Loans

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

 30% -  $4,596

Out of Pocket

Covered by family savings, work or private student loans which you will have to repay.

*Reported Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.


Cost of a Degree

When considering the cost to go to Minnesota State University Mankato, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Minnesota State University Mankato.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Minnesota State University Mankato is $62,040 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $11,570 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $46,280**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $77,550 or $57,850 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for in state students receiving grant or scholarship aid reported to the U.S. Department of Education's 2011-2012 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Minnesota State University Mankato.

Minnesota Resident Tuition Per Semester$3,334
Minnesota Resident Total Cost Per Semester$7,755
Non-Minnesota Resident Tuition Per Semester$7,073
Non-Minnesota Resident Total Cost Per Semester$11,494

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Minnesota State University Mankato are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at Minnesota State University Mankato
Price per credit hour for Minnesota residents$250
Cost for one class for Minnesota residents (3 credit hours)$750
Price per credit hour for out of state residents$537
Cost for one class for out of state residents (3 credit hours)$1,611
Cost for one class for out of state residents (4 credit hours)$2,148

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Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 62% of Minnesota State University Mankato students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $6,537. The reported average student debt upon graduation is $29,587.

Example Loan Payments and Costs

How much are student loan payments for Minnesota State University Mankato? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $46,280, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $57,985.92. This could be your effective total out of pocket cost of an education at Minnesota State University Mankato. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 47% of students at this school who receive financial aid and you are paying an average annual net price of $11,570. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Minnesota State University Mankato student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

Minnesota State University Mankato Student Loan Payments
Example Payments
Monthly Loan Payment$483.22
Amount Borrowed$46,280.00
Interest Rate4.7%
Term10 years
Number of Monthly Payments120
Total Interest Cost$11,705.92
Sum of All Payments over 10 years$57,985.92

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Minnesota State University Mankato? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Minnesota State University Mankato, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $57,985.92 would be needed to afford a $483.22 monthly payment in the example $46,280.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

For Profit / Not For Profit Status

Minnesota State University Mankato is a public not for profit institution. Public schools often represent the best value for your education dollar, especially when students qualify for in-state tuition.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Minnesota State University Mankato in the future? In the past five years, this school's published in-state tuition and fee total rose from $5,840 to $7,148. This amounts to an average annual price increase of 4.5%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current in-state 4 year cost of $62,040.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Minnesota State University Mankato.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2019$21,330$85,319
Estimated Cost in 10 years for students enrolling in 2024$27,223$108,892
Estimated Cost in 15 years for students enrolling in 2029 $34,744$138,976
Estimated Cost in 18 years for students enrolling in 2032 $40,221$160,883

Tuition History

What was tuition at Minnesota State University Mankato five, ten, fifteen or twenty years ago? Hop into our time machine and take a look. Pay attention to how aggressive the school has been with price increases the past as it provides indication as to how the school may raise tuition in the next few years if you enrolled. Historical tuition and fees for all available data years back to 1988 follows.

YearIn-StateOut-of-stateAnnual Increase
2010$6,429$12,861 2.7%
2009$6,263$12,508 3.5%
2008$6,050$12,112 3.6%
2007$5,840$11,668 8.1%
2006$5,402$10,750 6.2%
2005$5,088$9,998 12.9%
2004$4,506$8,775 13.2%
2003$3,981$7,691 10%
2002$3,619$7,037 12.8%
2001$3,208$6,232 7.1%
2000$2,996$5,796 3.1%
1999$2,907$5,707 -2.5%
1998$2,983$6,170 2.9%
1997$2,898$6,006 6.5%
1996$2,720$5,650 5.3%
1995$2,582$5,208 6%
1994$2,436$4,728 4.9%
1993$2,322$4,312 9.8%
1992$2,115$3,755 7%
1991$1,976$3,224 4.9%
1990$1,884$2,966 6.2%
1989$1,774$2,710 2.5%
1988$1,730$2,640 1.8%
1987$1,700$2,590

Cost for Popular Majors

Below are the most popular undergraduate areas of study at Minnesota State University Mankato ranked by degrees conferred during the 2010/2011 academic year along with their estimated total program cost. Please consult the school's website for further information as actual costs for specific program may vary. Price estimates assume graduation in normal time. Our methodology for estimating these costs is a two or four year multiple of the current one year tuition and living cost of $15,510. Associates degrees are assumed to be completed in two years and bachelors degrees are assumed to take four years.

Area of Study Graduates Estimated Degree + Living Expense Cost
Registered Nursing/Registered Nurse Bachelor's Degree 146 $62,040
4 year estimate
Elementary Education and Teaching Bachelor's Degree 115 $62,040
4 year estimate
Social Work Bachelor's Degree 57 $62,040
4 year estimate
Sport and Fitness Administration/Management Bachelor's Degree 56 $62,040
4 year estimate
Liberal Arts and Sciences/Liberal Studies Associate's Degree 48 $31,020
2 year estimate
Community Health and Preventive Medicine Bachelor's Degree 36 $62,040
4 year estimate
Fine/Studio Arts, General Bachelor's Degree 35 $62,040
4 year estimate
Health and Physical Education/Fitness, General Bachelor's Degree 35 $62,040
4 year estimate
Communication Sciences and Disorders, General Bachelor's Degree 34 $62,040
4 year estimate
Finance, General Bachelor's Degree 33 $62,040
4 year estimate
Education/Teaching of Individuals with Mental Retardation Bachelor's Degree 31 $62,040
4 year estimate
Information Technology Bachelor's Degree 27 $62,040
4 year estimate
Mechanical Engineering Bachelor's Degree 20 $62,040
4 year estimate
Electrical and Electronics Engineering Bachelor's Degree 18 $62,040
4 year estimate
Physical Education Teaching and Coaching Bachelor's Degree 18 $62,040
4 year estimate
Civil Engineering, General Bachelor's Degree 17 $62,040
4 year estimate
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 15 $62,040
4 year estimate
Spanish Language and Literature Bachelor's Degree 14 $62,040
4 year estimate
Social Studies Teacher Education Bachelor's Degree 14 $62,040
4 year estimate
Clinical Laboratory Science/Medical Technology/Technologist Bachelor's Degree 13 $62,040
4 year estimate
Marketing/Marketing Management, General Bachelor's Degree 12 $62,040
4 year estimate
Art Teacher Education Bachelor's Degree 11 $62,040
4 year estimate
Athletic Training/Trainer Bachelor's Degree 10 $62,040
4 year estimate
English/Language Arts Teacher Education Bachelor's Degree 10 $62,040
4 year estimate
Management Information Systems, General Bachelor's Degree 10 $62,040
4 year estimate
Teacher Education and Professional Development, Specific Subject Areas, Other Bachelor's Degree 10 $62,040
4 year estimate
Computer Science Bachelor's Degree 9 $62,040
4 year estimate
Multi-/Interdisciplinary Studies, Other Bachelor's Degree 9 $62,040
4 year estimate
Geography Bachelor's Degree 8 $62,040
4 year estimate
Biochemistry Bachelor's Degree 8 $62,040
4 year estimate
Mathematics Teacher Education Bachelor's Degree 8 $62,040
4 year estimate
Business Administration and Management, General Bachelor's Degree 7 $62,040
4 year estimate
Biology/Biological Sciences, General Bachelor's Degree 7 $62,040
4 year estimate
Mathematics, General Bachelor's Degree 7 $62,040
4 year estimate
Dance, General Bachelor's Degree 7 $62,040
4 year estimate
Computer Software Engineering Bachelor's Degree 6 $62,040
4 year estimate
History, General Bachelor's Degree 6 $62,040
4 year estimate
Music Teacher Education Bachelor's Degree 6 $62,040
4 year estimate
Criminal Justice/Police Science Bachelor's Degree 5 $62,040
4 year estimate
Art History, Criticism and Conservation Bachelor's Degree 5 $62,040
4 year estimate
Creative Writing Bachelor's Degree 5 $62,040
4 year estimate
Multi-/Interdisciplinary Studies, General Bachelor's Degree 5 $62,040
4 year estimate
Speech Communication and Rhetoric Bachelor's Degree 5 $62,040
4 year estimate
Mass Communication/Media Studies Bachelor's Degree 5 $62,040
4 year estimate
Computer Engineering, General Bachelor's Degree 5 $62,040
4 year estimate
Psychology, General Bachelor's Degree 5 $62,040
4 year estimate
International Business/Trade/Commerce Bachelor's Degree 4 $62,040
4 year estimate
Urban Studies/Affairs Bachelor's Degree 4 $62,040
4 year estimate
Music, General Bachelor's Degree 3 $62,040
4 year estimate
Electrical, Electronic and Communications Engineering Technology/Technician Bachelor's Degree 3 $62,040
4 year estimate
Economics, General Bachelor's Degree 3 $62,040
4 year estimate
General Literature Bachelor's Degree 3 $62,040
4 year estimate
Biology Teacher Education Bachelor's Degree 3 $62,040
4 year estimate
Ethnic Studies Bachelor's Degree 3 $62,040
4 year estimate
Spanish Language Teacher Education Bachelor's Degree 3 $62,040
4 year estimate
Physics, General Bachelor's Degree 3 $62,040
4 year estimate
Social Sciences, General Bachelor's Degree 2 $62,040
4 year estimate
Computer Engineering Technology/Technician Bachelor's Degree 2 $62,040
4 year estimate
Substance Abuse/Addiction Counseling Bachelor's Degree 2 $62,040
4 year estimate
Accounting Bachelor's Degree 2 $62,040
4 year estimate
Kindergarten/Preschool Education and Teaching Bachelor's Degree 2 $62,040
4 year estimate
Biotechnology Bachelor's Degree 2 $62,040
4 year estimate
Family and Consumer Sciences/Home Economics Teacher Education Bachelor's Degree 2 $62,040
4 year estimate
Environmental Science Bachelor's Degree 2 $62,040
4 year estimate
Sociology Bachelor's Degree 2 $62,040
4 year estimate
Aviation/Airway Management and Operations Bachelor's Degree 2 $62,040
4 year estimate
Corrections Bachelor's Degree 1 $62,040
4 year estimate
Music Performance, General Bachelor's Degree 1 $62,040
4 year estimate
Manufacturing Engineering Technology/Technician Bachelor's Degree 1 $62,040
4 year estimate
Anthropology Bachelor's Degree 1 $62,040
4 year estimate
Music Management Bachelor's Degree 1 $62,040
4 year estimate
Automotive Engineering Technology/Technician Bachelor's Degree 1 $62,040
4 year estimate
Dental Hygiene/Hygienist Bachelor's Degree 1 $62,040
4 year estimate
German Language and Literature Bachelor's Degree 1 $62,040
4 year estimate
Food Technology and Processing Bachelor's Degree 1 $62,040
4 year estimate
French Language and Literature Bachelor's Degree 1 $62,040
4 year estimate
Information Science/Studies Bachelor's Degree 1 $62,040
4 year estimate
Family and Consumer Sciences/Human Sciences, General Bachelor's Degree 1 $62,040
4 year estimate
English Language and Literature, General Bachelor's Degree 1 $62,040
4 year estimate
Health Teacher Education Bachelor's Degree 1 $62,040
4 year estimate
Construction Management Bachelor's Degree 1 $62,040
4 year estimate
International Relations and Affairs Bachelor's Degree 1 $62,040
4 year estimate
Cognitive Science Bachelor's Degree 1 $62,040
4 year estimate
Political Science and Government, General Bachelor's Degree 1 $62,040
4 year estimate
Parks, Recreation and Leisure Facilities Management, General Bachelor's Degree 1 $62,040
4 year estimate
Chemistry Teacher Education Bachelor's Degree 1 $62,040
4 year estimate
French Language Teacher Education Bachelor's Degree 1 $62,040
4 year estimate
Scandinavian Studies Bachelor's Degree 1 $62,040
4 year estimate
German Language Teacher Education Bachelor's Degree 1 $62,040
4 year estimate
Philosophy Bachelor's Degree 1 $62,040
4 year estimate
Physics Teacher Education Bachelor's Degree 1 $62,040
4 year estimate
Astronomy Bachelor's Degree 1 $62,040
4 year estimate
American Indian/Native American Studies Bachelor's Degree 1 $62,040
4 year estimate
Chemistry, General Bachelor's Degree 1 $62,040
4 year estimate
Women's Studies Bachelor's Degree 1 $62,040
4 year estimate
Geology/Earth Science, General Bachelor's Degree 1 $62,040
4 year estimate
Art/Art Studies, General Bachelor's Degree 1 $62,040
4 year estimate

About Minnesota State University Mankato

Minnesota State University Mankato is a four year public college located in Mankato, Minnesota.  Full time enrollment is 12,379 and part time is 3,270.  For the 2011/2012 school year, the school received 9,074 applicants. 6,002 were admitted and 2,310 enrolled.

Students attending this school may pursue both undergraduate and graduate degrees.

Learn more about getting in to Minnesota State University Mankato at CollegeSimply.

Address
Minnesota State University Mankato
South Rd and Ellis Ave
Mankato, Minnesota
56001

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