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Annual Costs

Undergraduate Tuition

University of Minnesota Twin Cities tuition is $12,800 per year for in-state residents. This is 81% more expensive than the national average public four year tuition of $7,056. The cost is 40% cheaper than the average Minnesota tuition of $21,305 for 4 year colleges. Tuition ranks 14th in Minnesota amongst 4 year colleges for affordability and is the 46th most expensive 4 year college in the state. If attending from out-of-state, the tuition is $24,986 which represents a 95% premium.

The school charges an additional fees of $1,617 in addition to tuition bringing the total effective in-state tuition to $14,417.

Housing Costs

On campus room and board is provided by the school at a cost of $9,852 per academic year. Students electing to live off campus elsewhere in Minneapolis should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,000.

Other Living Expenses

If living on-campus, students should budget for $2,200 in additional living expenses. Off-campus students should budget for $2,200 in other miscellaneous living expenses.

Total Costs

The total tuition and living expense budget for in-state Minnesota residents to go to University of Minnesota-Twin Cities is $27,469 for the 2017/2018 academic year. Out-of-state students who don't have Minnesota residence can expect a one year cost of $39,655.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for University of Minnesota Twin Cities and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for University of Minnesota Twin Cities
Estimated Budgets
Minnesota Resident Total Budget $27,469
   In-State Tuition$12,800
   Other Fees$1,617
   Room and Board$9,852
   On-Campus Other Budget$2,200
   Books and Supplies$1,000
Non-Resident Total Budget $39,655
   Out-of-State Tuition$24,986
   Other Fees$1,617
   Room and Board$9,852
   On-Campus Other Budget$2,200
   Books and Supplies$1,000

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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 $27,469 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported University of Minnesota-Twin Cities net price for in-state students is $15,589* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

57% of University of Minnesota Twin Cities students received grant aid in 2014/2015. The average total aid amount was $8,099. 21 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,289. To apply for a Pell Grant to attend University of Minnesota Twin Cities, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for University of Minnesota Twin Cities
Financial Aid Summary
Average Annual Net Price$15,589*
Percent of Students Receiving Grant Aid57%
Average Total Grant Aid$8,099
Percent of Students Receiving Pell Grants21%
Average Amount of Pell Grant Aid$4,289

Average Net Price for In-State Students by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$8,650
$30,001 to $48,000$9,583
$48,001 to $75,000$14,683
$75,001 to $110,000$20,036
$110,000+$23,108

Average Financial Aid Mix - $27,469 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $27,469. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

32%
21%
47%

Grants and Scholarships

 32% - $8,099

Money granted to you by the U.S. Department of Education, University of Minnesota Twin Cities or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 21% - $5,374

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

Out of Pocket

 47% -  $11,796

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 Academic Year 2014-2015 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.

Is it Worth the Cost?

To make a comparative assessment if University of Minnesota-Twin Cities is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 88/100 for University of Minnesota Twin Cities. Considering an average net price paid of $16,019, this leads to an overall value ranking of 82/100. This places the school 24th on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

Tuition Comparison to Similar Public Colleges in the Region

School Cost vs. University of Minnesota Twin Cities
University of Wisconsin Madison27.6% less expensive
University of Illinois at Urbana Champaign6% less expensive

Cost of a Degree

When considering ability to pay for college, 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 University of Minnesota Twin Cities.

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 University of Minnesota-Twin Cities is $109,876 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 $16,019 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $64,076**

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 $137,345 or $80,095 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 2014-2015 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 University of Minnesota Twin Cities.

Minnesota Resident Tuition Per Semester$6,400
Minnesota Resident Total Cost Per Semester$13,734
Non-Minnesota Resident Tuition Per Semester$12,493
Non-Minnesota Resident Total Cost Per Semester$19,828

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 University of Minnesota Twin Cities 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 University of Minnesota Twin Cities
Price per credit hour for Minnesota residents$492
Cost for one class for Minnesota residents (3 credit hours)$1,476
Price per credit hour for out of state residents$961
Cost for one class for out of state residents (3 credit hours)$2,883
Cost for one class for out of state residents (4 credit hours)$3,844

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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. 49% of University of Minnesota Twin Cities students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,374. The reported average student debt upon graduation is $28,384.

Example Loan Payments and Costs

How much are student loan payments for University of Minnesota Twin Cities? 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 $64,076, 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 $79,503.62. This could be your effective total out of pocket cost of an education at University of Minnesota Twin Cities. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 57% of students at this school who receive financial aid and you are paying an average annual net price of $16,019. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our University of Minnesota Twin Cities 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.

University of Minnesota Twin Cities Student Loan Payments
Example Payments
Monthly Loan Payment$662.53
Amount Borrowed$64,076.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$15,427.62
Sum of All Payments over 10 years$79,503.62

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend University of Minnesota-Twin Cities? 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 University of Minnesota Twin Cities, 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 $79,503.62 would be needed to afford a $662.53 monthly payment in the example $64,076.00 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.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to University of Minnesota Twin Cities in the future? In the past four years, this school's published in-state tuition and fee total rose from $12,060 to $12,800. This amounts to an average annual price increase of 1.2%. 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 $109,876.00. 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 University of Minnesota Twin Cities.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$37,776$151,105
Estimated Cost in 10 years for students enrolling in 2029$48,213$192,853
Estimated Cost in 15 years for students enrolling in 2034 $61,534$246,134
Estimated Cost in 18 years for students enrolling in 2037 $71,233$284,931

Tuition History

What was tuition at University of Minnesota-Twin Cities 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 in the past as it provides indication as to how the school may raise tuition in the next few years. Historical tuition and fees for all available data years back to 1987 follows.

YearIn-StateOut-of-stateAnnual Increase
2012$11,650$16,650 19%
2011$9,794$14,094 -13.3%
2010$11,293$15,293 6.2%
2009$10,634$14,634 10.8%
2008$9,598$21,228 4.6%
2007$9,173$20,803 6.4%
2006$8,622$20,252 7.4%
2005$8,029$19,659 12.8%
2004$7,116$18,746 13.3%
2003$6,280$16,853 13.4%
2002$5,536$15,002 13.5%
2001$4,878$13,464 4.9%
2000$4,648$12,789 -6.3%
1999$4,963$13,343 4.5%
1998$4,749$12,736 9.9%
1997$4,320$11,474 12%
1996$3,857$10,344 13.7%
1995$3,392$9,188 3.9%
1994$3,266$8,854 3.4%
1993$3,158$8,564 11.6%
1992$2,829$7,655 9.5%
1991$2,584$5,939 10.6%
1990$2,336$5,340 8%
1989$2,162$4,938 5.3%
1988$2,053$4,608 4.2%
1987$1,970$4,495

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at University of Minnesota Twin Cities to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Mechanical Engineering Bachelor's Degree 189 7% cheaper
Computer Science Bachelor's Degree 151 6% cheaper
Kinesiology and Exercise Science Bachelor's Degree 145 3% costlier
Electrical and Electronics Engineering Bachelor's Degree 122 6% cheaper
Registered Nursing/Registered Nurse Bachelor's Degree 110 10% costlier
Chemical Engineering Bachelor's Degree 98 13% cheaper
Bioengineering and Biomedical Engineering Bachelor's Degree 80 22% cheaper
Accounting Bachelor's Degree 49 7% costlier
Political Science and Government, General Bachelor's Degree 47 5% cheaper
Marketing/Marketing Management, General Bachelor's Degree 46 9% costlier
Journalism Bachelor's Degree 42 3% costlier
Geography Bachelor's Degree 39 7% costlier
Retailing and Retail Operations Bachelor's Degree 38 5% cheaper
Finance, General Bachelor's Degree 38 7% costlier
Psychology, General Bachelor's Degree 36 2% cheaper
Interior Design Bachelor's Degree 34 3% costlier
Computer Engineering, General Bachelor's Degree 31 6% cheaper
English Language and Literature, General Bachelor's Degree 29 1% cheaper
Linguistics Bachelor's Degree 28 20% cheaper
Building/Construction Finishing, Management, and Inspection, Other Bachelor's Degree 28 35% costlier
Funeral Service and Mortuary Science, General Bachelor's Degree 26 3% costlier
Graphic Design Bachelor's Degree 25 2% cheaper
Spanish Language and Literature Bachelor's Degree 25 8% cheaper
History, General Bachelor's Degree 25 3% cheaper
Dental Hygiene/Hygienist Bachelor's Degree 24 7% costlier
International Relations and Affairs Bachelor's Degree 22 16% cheaper
Medical Microbiology and Bacteriology Bachelor's Degree 22 14% costlier
Kindergarten/Preschool Education and Teaching Bachelor's Degree 22 25% costlier
Design and Visual Communications, General Bachelor's Degree 22 0% costlier
Communication, Journalism, and Related Programs, Other Bachelor's Degree 21 3% cheaper
Horticultural Science Bachelor's Degree 21 8% costlier
Forestry, Other Bachelor's Degree 20 10% costlier
Materials Engineering Bachelor's Degree 19 17% cheaper
Sales, Distribution, and Marketing Operations, General Bachelor's Degree 19 8% cheaper
Agricultural Business and Management, Other Bachelor's Degree 18 4% cheaper
Agricultural Engineering Bachelor's Degree 16 5% cheaper
Geology/Earth Science, General Bachelor's Degree 15 4% cheaper
Education, Other Bachelor's Degree 15 6% costlier
Environmental Design/Architecture Bachelor's Degree 13 5% cheaper
Sociology Bachelor's Degree 13 4% cheaper
Food Science Bachelor's Degree 12 1% costlier
Film/Video and Photographic Arts, Other Bachelor's Degree 12 24% cheaper
Housing and Human Environments, General Bachelor's Degree 12 14% costlier
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 11 7% cheaper
Art/Art Studies, General Bachelor's Degree 11 1% costlier
Veterinary Sciences/Veterinary Clinical Sciences, General Bachelor's Degree 11 21% costlier
Respiratory Care Therapy/Therapist Bachelor's Degree 10 16% costlier
Plant Sciences, General Bachelor's Degree 10 1% cheaper
Criminology Bachelor's Degree 10 2% cheaper
Management Information Systems, General Bachelor's Degree 10 8% costlier
Parks, Recreation and Leisure Studies Bachelor's Degree 10 14% costlier
Human Resources Management/Personnel Administration, General Bachelor's Degree 9 14% costlier
Anthropology Bachelor's Degree 9 12% cheaper
Economics, General Bachelor's Degree 9 11% cheaper
Agricultural Teacher Education Bachelor's Degree 9 20% costlier
Rhetoric and Composition Bachelor's Degree 9 6% costlier
Biology/Biological Sciences, General Bachelor's Degree 8 2% cheaper
East Asian Languages, Literatures, and Linguistics, Other Bachelor's Degree 8 23% cheaper
Astrophysics Bachelor's Degree 7 31% cheaper
Geophysics and Seismology Bachelor's Degree 7 18% cheaper
Cell/Cellular Biology and Histology Bachelor's Degree 6 11% cheaper
American/United States Studies/Civilization Bachelor's Degree 6 24% cheaper
International Business/Trade/Commerce Bachelor's Degree 6 4% cheaper
Computer Systems Networking and Telecommunications Bachelor's Degree 6 47% costlier
French Language and Literature Bachelor's Degree 6 14% cheaper
Physiology, General Bachelor's Degree 6 6% cheaper
Italian Language and Literature Bachelor's Degree 5 24% cheaper
Music Therapy/Therapist Bachelor's Degree 5 6% cheaper
German Language and Literature Bachelor's Degree 5 16% cheaper
Industrial Engineering Bachelor's Degree 5 2% cheaper
Music, General Bachelor's Degree 5 4% cheaper
Labor and Industrial Relations Bachelor's Degree 5 8% cheaper
Neuroscience Bachelor's Degree 5 31% cheaper
Mathematics, General Bachelor's Degree 4 3% cheaper
Family and Consumer Economics and Related Services, Other Bachelor's Degree 4 18% costlier
Foreign Languages and Literatures, General Bachelor's Degree 4 1% cheaper
Operations Management and Supervision Bachelor's Degree 4 21% costlier
Botany/Plant Biology, Other Bachelor's Degree 4 2% cheaper
Developmental and Child Psychology Bachelor's Degree 4 6% cheaper
Comparative Literature Bachelor's Degree 4 29% cheaper
Russian Language and Literature Bachelor's Degree 4 24% cheaper
Chemistry, General Bachelor's Degree 4 5% cheaper
Biochemistry Bachelor's Degree 3 15% cheaper
Women's Studies Bachelor's Degree 3 16% cheaper
Audiology/Audiologist and Speech-Language Pathology/Pathologist Bachelor's Degree 3 3% costlier
Classics and Classical Languages, Literatures, and Linguistics Bachelor's Degree 3 25% cheaper
Philosophy Bachelor's Degree 3 12% cheaper
Technical Teacher Education Bachelor's Degree 3 22% costlier
Dance, General Bachelor's Degree 3 12% cheaper
Hispanic-American, Puerto Rican, and Mexican-American/Chicano Studies Bachelor's Degree 3 18% cheaper
Non-Profit/Public/Organizational Management Bachelor's Degree 2 19% costlier
Nutrition Sciences Bachelor's Degree 2 12% cheaper
Fine/Studio Arts, General Bachelor's Degree 2 8% cheaper
Apparel and Textiles, General Bachelor's Degree 2 7% costlier
Biological and Biomedical Sciences, Other Bachelor's Degree 2 10% cheaper
Physics, General Bachelor's Degree 2 10% cheaper
Art History, Criticism and Conservation Bachelor's Degree 2 19% cheaper
American Indian/Native American Studies Bachelor's Degree 2 7% costlier
Insurance Bachelor's Degree 2 1% costlier
Geological/Geophysical Engineering Bachelor's Degree 2 6% cheaper
Sport and Fitness Administration/Management Bachelor's Degree 1 5% costlier
Business Teacher Education Bachelor's Degree 1 30% costlier
Architecture Bachelor's Degree 1 17% cheaper
Zoology/Animal Biology Bachelor's Degree 1 0% cheaper
Urban Studies/Affairs Bachelor's Degree 1 15% cheaper
Multi-/Interdisciplinary Studies, Other Bachelor's Degree 1 5% cheaper
Aerospace, Aeronautical and Astronautical/Space Engineering Bachelor's Degree 1 13% cheaper
African-American/Black Studies Bachelor's Degree 1 16% cheaper
Ecology Bachelor's Degree 1 8% cheaper
Elementary Education and Teaching Bachelor's Degree 1 12% costlier
Natural Resources Management and Policy, Other Bachelor's Degree 1 6% costlier
Econometrics and Quantitative Economics Bachelor's Degree 1 25% cheaper
Parks, Recreation and Leisure Facilities Management, General Bachelor's Degree 1 17% costlier
Animal Sciences, General Bachelor's Degree 1 8% costlier
Civil Engineering, General Bachelor's Degree 1 7% cheaper
Statistics, General Bachelor's Degree 1 12% cheaper
Music Teacher Education Bachelor's Degree 1 5% costlier
Latin Language and Literature Bachelor's Degree 1 24% cheaper
Religion/Religious Studies Bachelor's Degree 1 17% cheaper
Allied Health Diagnostic, Intervention, and Treatment Professions, Other Bachelor's Degree 1 0% costlier
Ancient Studies/Civilization Bachelor's Degree 1 30% cheaper
East Asian Studies Bachelor's Degree 1 30% cheaper
Environmental Studies Bachelor's Degree 1 19% cheaper
Applied Economics Bachelor's Degree 1 13% cheaper
Scandinavian Languages, Literatures, and Linguistics Bachelor's Degree 1 18% cheaper
Fishing and Fisheries Sciences and Management Bachelor's Degree 1 11% costlier
Business Administration and Management, General Bachelor's Degree 1 15% costlier

Calculators

Use the calculators below to formulate a college savings plan for University of Minnesota Twin Cities or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford University of Minnesota Twin Cities in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a University of Minnesota Twin Cities student loan.

Prepayment Option

About University of Minnesota Twin Cities

University of Minnesota Twin Cities is a four year public college located in Minneapolis, Minnesota.  Full time enrollment is 39,302 and part time is 12,277.

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

Address
University of Minnesota Twin Cities
100 Church Street SE
Minneapolis, Minnesota
55455-0213

For Profit / Not For Profit Status

University of Minnesota Twin Cities 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.

University of Minnesota Twin Cities cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=174066 IPEDS survey data.