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.
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.
The estimated annual cost for books and supplies is $1,000.
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.
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.
|Minnesota Resident Total Budget||$27,469|
|Room and Board||$9,852|
|On-Campus Other Budget||$2,200|
|Books and Supplies||$1,000|
|Non-Resident Total Budget||$39,655|
|Room and Board||$9,852|
|On-Campus Other Budget||$2,200|
|Books and Supplies||$1,000|
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.
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.
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).
|Financial Aid Summary|
|Average Annual Net Price||$15,589*|
|Percent of Students Receiving Grant Aid||57%|
|Average Total Grant Aid||$8,099|
|Percent of Students Receiving Pell Grants||21%|
|Average Amount of Pell Grant Aid||$4,289|
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|
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.
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.
Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.
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.
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.
|School||Cost vs. University of Minnesota Twin Cities|
|University of Wisconsin Madison||27.6% less expensive|
|University of Illinois at Urbana Champaign||6% less expensive|
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.
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.
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|
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.
|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|
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.
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.
|Monthly Loan Payment||$662.53|
|Number of Monthly Payments||120|
|Total Interest Cost||$15,427.62|
|Sum of All Payments over 10 years||$79,503.62|
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.
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.
|Annual||4 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|
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.
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|
|Design and Visual Communications, General Bachelor's Degree||22||0% costlier|
|Kindergarten/Preschool Education and Teaching Bachelor's Degree||22||25% 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|
|Comparative Literature Bachelor's Degree||4||29% cheaper|
|Developmental and Child Psychology Bachelor's Degree||4||6% 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|
|Philosophy Bachelor's Degree||3||12% cheaper|
|Classics and Classical Languages, Literatures, and Linguistics Bachelor's Degree||3||25% 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|
|American Indian/Native American Studies Bachelor's Degree||2||7% costlier|
|Art History, Criticism and Conservation Bachelor's Degree||2||19% cheaper|
|Geological/Geophysical Engineering Bachelor's Degree||2||6% cheaper|
|Insurance Bachelor's Degree||2||1% costlier|
|Sport and Fitness Administration/Management Bachelor's Degree||1||5% costlier|
|Architecture Bachelor's Degree||1||17% cheaper|
|Business Teacher Education Bachelor's Degree||1||30% costlier|
|Zoology/Animal Biology Bachelor's Degree||1||0% cheaper|
|Urban Studies/Affairs Bachelor's Degree||1||15% cheaper|
|African-American/Black Studies Bachelor's Degree||1||16% cheaper|
|Multi-/Interdisciplinary Studies, Other Bachelor's Degree||1||5% cheaper|
|Aerospace, Aeronautical and Astronautical/Space Engineering Bachelor's Degree||1||13% cheaper|
|Natural Resources Management and Policy, Other Bachelor's Degree||1||6% costlier|
|Ecology Bachelor's Degree||1||8% cheaper|
|Elementary Education and Teaching Bachelor's Degree||1||12% 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|
|Religion/Religious Studies Bachelor's Degree||1||17% cheaper|
|Latin Language and Literature Bachelor's Degree||1||24% cheaper|
|Allied Health Diagnostic, Intervention, and Treatment Professions, Other Bachelor's Degree||1||0% costlier|
|East Asian Studies Bachelor's Degree||1||30% cheaper|
|Ancient Studies/Civilization 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|
Use the calculators below to formulate a college savings plan for University of Minnesota Twin Cities or model a student loan.
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. Learn more about getting accepted at University of Minnesota Twin Cities at CollegeSimply.
Students attending this school may pursue both undergraduate and graduate degrees.Address
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.