Quantcast

Annual Costs

Undergraduate Tuition

Tuition for Rochester Community and Technical College is $4,922 for the 2017/2018 academic year. This is 39% more expensive than the national average public two year college tuition of $3,532. The cost is 15% cheaper than the average Minnesota tuition of $5,762 for 2 year colleges. Tuition ranks 23rd in Minnesota amongst 2 year colleges for affordability and is the 12th most expensive 2 year college in the state. Price does not vary by residence.

The school charges an additional fees of $714 in addition to tuition bringing the total effective in-state tuition to $5,636.

Housing Costs

Rochester Community and Technical College doesn't offer on campus housing. If you're not living with family you will need to budget for food and housing in the Rochester area just like you would for a college with dorms. The estimated rent and meal expense per academic year for off campus housing is $7,200.

Books and Supplies

The estimated annual cost for books and supplies is $1,600.

Other Living Expenses

Off-campus students should budget for $7,900 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Rochester Community and Technical College was $22,336 for the 2017/2018 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 $15,136.

Citation: Price data from the U.S. Department of Education's 2017-2018 and 2016-2017 IPEDS survey response for Rochester Community and Technical College and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Rochester Community and Technical College
Estimated Budgets
Minnesota Resident Total Budget (Living Off Campus)$22,336
   In-State Tuition$4,922
   Other Fees$714
   Off-Campus Housing Budget$7,200
   Off-Campus Other Budget$7,900
   Books and Supplies$1,600
Minnesota Resident Total Budget (Living with Parents)$15,136
   In-State Tuition$4,922
   Other Fees$714
   Family Provided Room and Board$0
   With-Family Other Living Budget$7,900
   Books and Supplies$1,600

Advertisement

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 $22,336 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 Rochester Community and Technical College net price for in-state students is $14,856* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

56% of Rochester Community and Technical College students received grant aid in 2014/2015. The average total aid amount was $4,211. 45 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 $4,081. To apply for a Pell Grant to attend Rochester Community and Technical College, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Rochester Community and Technical College
Financial Aid Summary
Average Annual Net Price$14,856*
Percent of Students Receiving Grant Aid56%
Average Total Grant Aid$4,211
Percent of Students Receiving Pell Grants45%
Average Amount of Pell Grant Aid$4,081

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$13,516
$30,001 to $48,000$13,892
$48,001 to $75,000$16,376
$75,001 to $110,000$18,677
$110,000+$18,890

Average Financial Aid Mix - $22,336 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $22,336. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.

29%
35%
35%

Grants and Scholarships

 29% - $4,211

Money granted to you by the U.S. Department of Education, Rochester Community and Technical College or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 35% - $5,123

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

Out of Pocket

 35% -  $5,102

Covered 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 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.

Tuition Comparison to Similar Community Colleges in the Region

School Cost vs. Rochester Community and Technical College
Riverland Community College0.3% more expensive
Minnesota State College Southeast Technical2% more expensive
Dakota County Technical College3% more expensive
Western Technical College25.5% less expensive
Northeast Iowa Community College Calmar7.3% less expensive

Cost of a Degree

Being a school offering two year programs, prospective students should consider the multi year outlay when budgeting the cost for two years at Rochester Community and Technical College.

Estimated 2 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 2 year associate degree at Rochester Community and Technical College is $44,672 for students graduating in normal time. This methodology for estimating the 2 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 $14,263 in-state net price as the basis. Applying this cost over 2 would estimate the cost of a degree at $28,526**

**Based on a 2 year multiple of Average Annual Net Price for 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 Rochester Community and Technical College.

Minnesota Resident Tuition Per Semester$2,461
Minnesota Resident Total Cost Per Semester$11,168

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 Rochester Community and Technical College 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 Rochester Community and Technical College
Price per credit hour$164
Cost for one class (3 credit hours)$492
Cost for one class (4 credit hours)$656

Advertisements

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. 56% of Rochester Community and Technical College students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,123.

Example Loan Payments and Costs

How much are student loan payments for Rochester Community and Technical College? 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 $28,526, 100% of the estimated average net price for a two year program and paid nothing while enrolled. The total of all payments including interest would sum $35,394.22. This could be your effective total out of pocket cost of an education at Rochester Community and Technical College. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 56% of students at this school who receive financial aid and you are paying an average annual net price of $14,263. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Rochester Community and Technical College 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.

Rochester Community and Technical College Student Loan Payments
Example Payments
Monthly Loan Payment$294.95
Amount Borrowed$28,526.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$6,868.22
Sum of All Payments over 10 years$35,394.22

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Rochester Community and Technical College? 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 Rochester Community and Technical College, 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 $35,394.22 would be needed to afford a $294.95 monthly payment in the example $28,526.00 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 Rochester Community and Technical College in the future? 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 2 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 2 year cost of $44,672.00. 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 Rochester Community and Technical College.

Annual2 Year Degree
Estimated Cost in 5 years for students enrolling in 2024$29,220$58,439
Estimated Cost in 10 years for students enrolling in 2029$37,293$74,585
Estimated Cost in 15 years for students enrolling in 2034 $47,596$95,192
Estimated Cost in 18 years for students enrolling in 2037 $55,098$110,196

Tuition History

What was tuition at Rochester Community and Technical College 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.

YearTuitionAnnual Increase
2012$4,7575.9%
2011$4,490-10.7%
2010$5,0284.3%
2009$4,8203.5%
2008$4,6563.5%
2007$4,4985.4%
2006$4,2686.4%
2005$4,01313.7%
2004$3,52941.7%
2003$2,49111.7%
2002$2,23112.3%
2001$1,9863.7%
2000$1,916-20.6%
1999$2,4122.6%
1998$2,3502.2%
1997$2,30017%
1996$1,9653.7%
1995$1,8953.8%
1994$1,8257.4%
1993$1,7005.6%
1992$1,6109.2%
1991$1,4740.7%
1990$1,464

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Rochester Community and Technical College 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
Liberal Arts and Sciences/Liberal Studies Associate's Degree 270 1% costlier
Registered Nursing/Registered Nurse Associate's Degree 115 11% costlier
Health Information/Medical Records Technology/Technician Associate's Degree 40 17% costlier
Criminal Justice/Police Science Associate's Degree 37 16% costlier
Radiologic Technology/Science - Radiographer Associate's Degree 26 15% costlier
Surgical Technology/Technologist Associate's Degree 24 15% costlier
Veterinary/Animal Health Technology/Technician and Veterinary Assistant Associate's Degree 21 10% costlier
Business Administration and Management, General Associate's Degree 19 3% costlier
Child Development Associate's Degree 14 26% costlier
Graphic Design Associate's Degree 14 0% costlier
Building/Property Maintenance Associate's Degree 13 24% costlier
Human Services, General Associate's Degree 11 1% costlier
Dental Hygiene/Hygienist Associate's Degree 10 14% costlier
Accounting Associate's Degree 8 10% costlier
CAD/CADD Drafting and/or Design Technology/Technician Associate's Degree 7 16% costlier
Medical Administrative/Executive Assistant and Medical Secretary Associate's Degree 7 17% costlier
Administrative Assistant and Secretarial Science, General Associate's Degree 6 19% costlier
Digital Communication and Media/Multimedia Associate's Degree 6 12% costlier
Greenhouse Operations and Management Associate's Degree 5 11% costlier
Dental Assisting/Assistant Associate's Degree 5 13% costlier
Special Products Marketing Operations Associate's Degree 5 73% costlier
Computer Science Associate's Degree 5 7% costlier
Electroneurodiagnostic/Electroencephalographic Technology/Technologist Associate's Degree 4 26% costlier
Clinical Research Coordinator Associate's Degree 4 49% costlier
Web Page, Digital/Multimedia and Information Resources Design Associate's Degree 3 11% costlier
Sport and Fitness Administration/Management Associate's Degree 3 1% cheaper
Music Technology Associate's Degree 3 10% costlier
Emergency Medical Technology/Technician (EMT Paramedic) Associate's Degree 3 24% costlier
Pre-Engineering Associate's Degree 3 13% costlier
Retailing and Retail Operations Associate's Degree 3 10% costlier
Horse Husbandry/Equine Science and Management Associate's Degree 2 24% costlier
Office Management and Supervision Associate's Degree 2 20% costlier
Environmental Science Associate's Degree 2 18% costlier
Applied Horticulture/Horticulture Operations, General Associate's Degree 2 13% costlier
Information Science/Studies Associate's Degree 2 1% costlier
General Studies Associate's Degree 1 6% costlier
Music Teacher Education Associate's Degree 1 48% costlier
Mechanical Engineering/Mechanical Technology/Technician Associate's Degree 1 1% costlier
Histologic Technology/Histotechnologist Associate's Degree 1 12% costlier
Cardiovascular Technology/Technologist Associate's Degree 1 3% costlier
Network and System Administration/Administrator Associate's Degree 1 15% costlier
Biomedical Sciences, General Associate's Degree 1 33% costlier
Horticultural Science Associate's Degree 1 11% cheaper
Criminal Justice/Safety Studies Associate's Degree 1 16% costlier
Mass Communication/Media Studies Associate's Degree 1 5% costlier
Computer Technology/Computer Systems Technology Associate's Degree 1 16% costlier

Calculators

Use the calculators below to formulate a college savings plan for Rochester Community and Technical College 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 Rochester Community and Technical College 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 Rochester Community and Technical College student loan.

Prepayment Option

About Rochester Community and Technical College

Rochester Community and Technical College is a two year community college located in Rochester, Minnesota.  Full time enrollment is 2,497 and part time is 2,783.  Rochester Community and Technical College has an open admission policy meaning that any prospective student who has completed high school or attained a GED certificate may enroll in classes.

Only undergraduate degrees are offered at this school.

Address
Rochester Community and Technical College
851 30th Ave SE
Rochester, Minnesota
55904-4999

For Profit / Not For Profit Status

Rochester Community and Technical College 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.

Rochester Community and Technical College cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=174738 IPEDS survey data.