Minnesota State University Mankato

In 2022, tuition for full-time students at Minnesota State University Mankato was $8,355 a year for in-state students and $17,726 a year for out-of-state students.

Usually, college tuition rises about 3% year.

Remember, the "sticker price" of tuition doesn't give you all the info you need to know how much you will actually have to pay for college. Many students owe much less than the total tuition after grants, scholarships, and tuition discounts kick in. And, student loans can make thecost of college more manageable until after graduation.

Tuition for international students at Minnesota State University Mankato is $17,726 per year.

Minnesota State University Mankato meets 77% of the demonstrated financial need for undergraduates. First-year students that attend Minnesota State University Mankato full-time are awarded $11,266 a year in financial aid, on average.

Students in the class of 2023 who had taken out student loans graduated with an average of $28,818 of debt.

Minnesota State University Mankato: In-state vs. Out-of-State Tuition

Minnesota State University Mankato is a public, state institution, which means it offers a reduced tuition rate of $8,355 for students who qualify as state residents and attend full-time.Non-Minnesota residents can expect to pay 17,726 per year for tuition.

Public schools receive funds from the state to help them cover costs. Public insitutions often offer a lower cost of attendance for those who qualify as Minnesota residents.

Choosing a college where you qualify for in-state residency can cut the cost of college tuition. Take the time to verify your state's eligibility criteria for as an in-state resident. Every state has its own rules about what makes someone eligible for in-state tuition. Most states require students to have resided in the state for a certain period of time before qualifying. There may be other criteria as well, depending on where you live.

Explore other Minnesota colleges

Tuition for International Students at Minnesota State University Mankato

Minnesota State University Mankato has the same tuition for international students as for those from out of state.

International students at Minnesota State University Mankato usually pay around $17,726 per year, before any scholarships, grants or other financial aid.

International students are not eligible for federal financial aid, but may qualify for private or Minnesota State University Mankato-specific aid and scholarships.

International students without financial need may be eligible for merit-based institutional scholarships and athletic awards.

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Minnesota State University Mankato Housing Expenses, Fees, and More

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Tuition is not the only cost of attending college; room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Minnesota State University Mankato.

Room and Board Costs at Minnesota State University Mankato

Housing and campus dining at Minnesota State University Mankato is $11,224 a year. This includes the cost of living in dorms or other on-campus housing, and a dining plan that enables you to eat all or some of your meals the Minnesota State University Mankato's on-campus cafeterias and dining facilities.

Meal-plan costs can depend on how many meals are included in the plan you choose.

Cost of Books at Minnesota State University Mankato

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books depends on the courses you take and the textbooks, computer programs, or other materials are required.. To save money, many students choose to use books from the library or buy books from students who have already taken the course.

Annual Fees

Most schools also have fees to help cover the cost of facilties, like the library, gym and computer labs.

Keep in mind, there could also be other costs associated with participating in certain activities, like Greek Life, or playing on an intramural sports team. Many schools offer resources so that those who may struggle to participate because of cost can find ways to lower or eliminate these fees.

Planes, Trains, and Automobiles: Transportation costs at Minnesota State University Mankato

The total cost of getting around in college depends on a few key factors. Will you drive, fly, or take public transportation to school? Will you need to pay to park on-campus? Is the campus small enough that you can easily walk from class-to-class?? Do you own a car, or will you need to use busses, subways, or other modes of transportation? All of these questions can make a big difference in your transportation budget. Keeping in mind, first-year students are allowed to park a car on campus.

Where are a college is located can impact the amount you'll have to spend just to get around. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in an urban area is often expensive, but there may be more trains, busses and low-cost flight options to actually get to school. The Minnesota State University Mankato campus is located in a town in Minnesota, near Minneapolis-St. Paul.

Other Costs

When you're planning for college, be sure to consider the cost of things like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.

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The Full Cost of Attending Minnesota State University Mankato

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Now, let’s look at the breakdown of all expenses, to get a better estimate of what is really costs to go to Minnesota State University Mankato.

How Much Does Minnesota State University Mankato Cost?

What will the cost of attending Minnesota State University Mankato be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
In-state Tuition	$8,355
Out-of-State Tuition	$17,726
Room and Board	$11,224
Other expenses	$2,142

The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.

Tuition and fees may vary depending on program, course level, location, and more.

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Minnesota State University Mankato Financial Aid

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In 2023, 4,175 of the 12,621 undergrads enrolled received financial aid. Minnesota State University Mankato meets 77% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $11,266 a year. Around 70% of Minnesota State University Mankato undergrads take out student loans to cover any remaining costs. Minnesota State University Mankato graduates who have student loans graduate with an average of $28,818 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$20,724
State Loans	$20,968
Private Loans	$22,012

Most Common Loans for Minnesota State University Mankato Students
Federal Loans	69%
State loans	6%
Private loans	21%

Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.

The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Minnesota State University Mankato financial aid, keep reading, or visit their financial aid website.

Scholarships at Minnesota State University Mankato

Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.

In 2023, Minnesota State University Mankato awarded 3,513 need-based scholarships to students, giving away total of $28.5 million to help students with financial need cover the cost of school. An additional $15.06 million in merit-based scholarship money was awarded to students without demonstrated financial need.

Minnesota State University Mankato Net Cost

The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.

Now that we have a sense of the total estimated costs for Minnesota State University Mankato students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.

When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.

The average amount of financial aid received by a full-time first year student with demonstrated need at Minnesota State University Mankato was $11,266 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Minnesota State University Mankato seem more manageable.

Estimated Net Cost for Full-Time Students
In-State, On-Campus	$1,366
Net In-state, Off-campus	$1,896
Out-of-State, On-Campus	$22,003

What will attending Minnesota State University Mankato really cost you? The answer depends on several factors.

As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families get a better idea of the actual cost of attending that school, based on their financial situation. You can find the Minnesota State University Mankato's net cost calculator on their website.

Minnesota State University Mankato Tuition Payment Plans

Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.

Students cannot pay tuition in installments. Contact the financial aid office to verify this and discuss options.

Does Minnesota State University Mankato Offer Tuition Waivers?

Schools sometimes offer tuition waivers to certain groups, to offset the cost of attending. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, other expenses and fees are the responsibility of the student.

Check the financial aid website for more information on payment plans and tuition waivers.

Minnesota State University Mankato's Endowment

An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.

For more information about Minnesota State University Mankato's endowment, check with the school directly. For each full-time student, Minnesota State University Mankato spends about $3,812 a year.

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Learn More About Minnesota State University Mankato

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