Bloomington, Minnesota
Annual Costs
Undergraduate Tuition
Tuition for National American University Bloomington is $15,000 for the 2021/2022 academic year. This is 3% more expensive than the national average private for-profit four year college tuition of $14,531. The cost is 35% cheaper than the average Minnesota tuition of $22,989 for 4 year colleges. Tuition ranks 31st in Minnesota amongst 4 year colleges for affordability and is the 29th most expensive 4 year college in the state. Price does not vary by residence.
Housing Costs
National American University Bloomington doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Bloomington area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $7,182.
Books and Supplies
The estimated annual cost for books and supplies is $1,350.
Other Living Expenses
Off-campus students should budget for $273 in other miscellaneous living expenses.
Total Costs
The annual tuition and living expense budget to go to National American University-Bloomington was $23,805 for the 2021/2022 academic year. The cost is the same for all students regardless of Minnesota residence status as there is no in-state discount. Students residing at home with parents providing food and housing can expect a total cost of $16,623.
Citation: Price data from the U.S. Department of Education's 2022 IPEDS survey response for National American University Bloomington and represent reported costs for the 2021-2022 academic year.
| Estimated Budgets | |
|---|---|
| Minnesota Resident Total Budget (Living Off Campus) | $23,805 |
| In-State Tuition | $15,000 |
| Other Fees | $0 |
| Off-Campus Housing Budget | $7,182 |
| Off-Campus Other Budget | $273 |
| Books and Supplies | $1,350 |
| Minnesota Resident Total Budget (Living with Parents) | $16,623 |
| In-State Tuition | $15,000 |
| Other Fees | $0 |
| Family Provided Room and Board | $0 |
| With-Family Other Living Budget | $273 |
| Books and Supplies | $1,350 |
| Non-Resident Total Budget (Living Off Campus) | $23,805 |
| Out-of-State Tuition | $15,000 |
| Other Fees | $0 |
| Off-Campus Housing Budget | $7,182 |
| Off-Campus Other Budget | $273 |
| Books and Supplies | $1,350 |
Will you get in?
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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 $23,805 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 National American University-Bloomington net price for in-state students is $0* for the 2019/2020 academic year. This net price includes housing and meal expenses.
Pell Grants and other Grant Aid
0% of National American University Bloomington students received grant aid in 2019/2020. The average total aid amount was $0. 0 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2019/2020 was $0. To apply for a Pell Grant to attend National American University Bloomington, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).
| Financial Aid Summary | |
|---|---|
| Average Annual Net Price | $0* |
| Percent of Students Receiving Grant Aid | 0% |
| Average Total Grant Aid | $0 |
| Percent of Students Receiving Pell Grants | 0% |
| Average Amount of Pell Grant Aid | $0 |
Average Net Price 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 2019/2020 academic year.
| Family Income | Avg. Net Price |
|---|---|
| $0 to $30,000 | n/a |
| $30,001 to $48,000 | n/a |
| $48,001 to $75,000 | n/a |
| $75,001 to $110,000 | n/a |
| $110,000+ | n/a |
Average Financial Aid Mix - $23,805 In-State Total Cost
CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $23,805. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.
Grants and Scholarships
0% - $0Money granted to you by the U.S. Department of Education, National American University Bloomington or other organizations. These are not loans and do not need to be repaid.
Federal Loans
0% - $0Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.
Out of Pocket
100% - $23,532Covered by family savings, work or private student loans which you will have to repay.
*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2019/2020 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.
Tuition Comparison to Similar Private Colleges in the Region
| School | Cost vs. National American University Bloomington |
|---|---|
| Academy College | 21.6% more expensive |
| Minnesota School of Business Richfield | 6.4% less expensive |
| DeVry University Minnesota | 5.6% more expensive |
| McNally Smith College of Music | 80.3% more expensive |
| Capella University | 5.7% 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 National American University Bloomington.
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 National American University-Bloomington is $95,220 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 $18,088 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $72,352**
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 $119,025 or $90,440 using an average net price.
**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2019/2020 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
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 National American University Bloomington are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.
| Price per credit hour | $344 |
| Cost for one class (3 credit hours) | $1,032 |
| Cost for one class (4 credit hours) | $1,376 |
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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. 0% of National American University Bloomington students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $0.
Example Loan Payments and Costs
How much are student loan payments for National American University Bloomington? 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 $72,352, 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 $92,046.19. This could be your effective total out of pocket cost of an education at National American University Bloomington. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 0% of students at this school who receive financial aid and you are paying an average annual net price of $18,088. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our National American University Bloomington 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.
| Example Payments | |
|---|---|
| Monthly Loan Payment | $767.05 |
| Amount Borrowed | $72,352.00 |
| Interest Rate | 4.99% |
| Term | 10 years |
| Number of Monthly Payments | 120 |
| Total Interest Cost | $19,694.19 |
| Sum of All Payments over 10 years | $92,046.19 |
Affording Student Loan Payments and Post Graduation Salary
Can I afford to attend National American University-Bloomington? 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 National American University Bloomington, 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 $92,046.19 would be needed to afford a $767.05 monthly payment in the example $72,352.00 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 National American University Bloomington in the future? In the past four years, this school's published in-state tuition and fee total rose from $13,428 to $15,000. This amounts to an average annual price increase of 2.3%. 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 4 year cost of $95,220.00. 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 National American University Bloomington.
| Annual | 4 Year Degree | |
|---|---|---|
| Estimated Cost in 5 years for students enrolling in 2028 | $32,737 | $130,950 |
| Estimated Cost in 10 years for students enrolling in 2033 | $41,782 | $167,129 |
| Estimated Cost in 15 years for students enrolling in 2038 | $53,326 | $213,303 |
| Estimated Cost in 18 years for students enrolling in 2041 | $61,731 | $246,925 |
Calculators
Use the calculators below to formulate a college savings plan for National American University Bloomington 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 National American University Bloomington 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 National American University Bloomington student loan.
About National American University Bloomington
National American University Bloomington is a four year private college located in Bloomington, Minnesota. Full time enrollment is 11 and part time is 57. National American University Bloomington has an open admission policy meaning that any prospective student who has completed high school or attained a GED certificate may enroll in classes. Learn more about National American University Bloomington at CollegeSimply.
Only undergraduate degrees are offered at this school.
AddressNational American University Bloomington
7801 Metro Parkway- Suite 200
Bloomington, Minnesota
55425
http://www.national.edu
For Profit / Not For Profit Status
National American University Bloomington is a private, for profit school.
National American University Bloomington cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=436483 IPEDS survey data. Data last updated February 2023 and reflects academic year 2021/2022 costs reported by the school.