In 2022, tuition for full-time students at University of Minnesota, Twin Cities Campus was $14,006 a year for in-state students and $33,246 a year for out-of-state students.
On average, college tuition rises about 3% year.
Remember, the advertized cost of tuition does not always mean much if you plan to use financial aid to help pay for college. Many students find the actual cost of college is a lot less than the sticker price after grants, scholarships, and tuition discounts kick in. Additionally, student loans can make theactual cost of attending college more manageable until you've finishing school and found a job.
University of Minnesota, Twin Cities Campus is a public, state institution, which means it offers a reduced tuition rate of $14,006 for students who qualify as state residents and attend full-time.
Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state residency can cut the cost of college tuition. Be sure to verify your state's criteria for as an in-state resident. Each state has different requirements to qualify as in-state resident. The most common requirement is that students must have lived in the state for a full year before starting school. There may be additional requirements too, depending on the state you and your parents currently reside in.
Explore other Minnesota colleges
UMN Twin Cities has the same tuition for international students as for those from out of state.
International students are not eligible for loans or grants from the U.S. government, but may qualify for private or school-specific grants, scholarships, and other funding opportunities..
Tuition is not the only cost of attending college; there are other costs associated with college, like room and board, facility fees, and books and supplies. Let's take a look at what impacts these costs, and what to expect at UMN Twin Cities.
Room and board at UMN Twin Cities costs $11,894 a year. This covers the cost of living in dorms or other on-campus housing, plus a dining plan that allows you to eat all or some of your meals the school dining halls.
Meal-plan costs vary based on on the numnber of meals you intend to eat on-campus
First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The actual cost of books and supplies depends on the courses you take and what kinds of books and materials they require. To save money, many students choose to use books from the library or buy used textbooks and materials.
Most schools charge some yearly fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.
There may be other costs associated with participating in special activities, like joining a fraternity or sorority, or playing on an intramural sports team. Most colleges offer resources for students with demonstrated need to find ways to lower or eliminate these costs.
The total cost of getting around in college can really vary. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus small enough that you can easily walk from class-to-class?? Do you plan to bring a car or are you planning to use public transportation? All of these questions can drastically impact your transportation budget. Keeping in mind, first-year students are allowed to park a car on campus.
Where are a college is located can also have a big effect on transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the other hand transportation in a city is often costly, but cities may offer more buses, trains or low-cost flight options to actually get to school. University of Minnesota, Twin Cities Campusis located in a urban setting in Minnesota, not far from Minneapolis-St. Paul.
When you're planning for college, don’t forget to take into account the cost of things like going out to eat or see shows, furnishing your living space, and things like haircuts, clothes and, yes, even toilet paper and shampoo.
Now, let’s look at the breakdown of all expenses, to get a better idea of how much students can expect to shell out for UMN Twin Cities.
What will the cost of attending UMN Twin Cities be? Here is a breakdown of tuition and expenses.
|2022 Total Tuition and Expenses|
|Room and Board||$11,894|
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.
In 2022, 12,835 of the 36,209 undergrads enrolled received financial aid. UMN Twin Cities meets 76% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $15,479 a year. Around 53% of UMN Twin Cities undergrads take out student loans to cover any remaining costs. UMN Twin Cities graduates who have student loans graduate with an average of $27,075 of student loan debt.
The average debt for each loan type varies.
|Average Debt By Loan Type|
|UMN Twin Cities-Specific Loans||$5,281|
|Most Common Loans for UMN Twin Cities Students|
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 UMN Twin Cities financial aid, keep reading, or visit their financial aid website.
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 2022, UMN Twin Cities awarded 11,431 need-based scholarships to students, giving away total of $157.1 million to help students with financial need cover the cost of school. An additional $24.73 million in merit-based scholarship money was awarded to students without demonstrated financial need.
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 UMN Twin Cities 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 UMN Twin Cities was $15,479 in 2022. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of UMN Twin Cities seem more manageable.
|Estimated Net Cost for Full-Time Students|
|Net In-state, Off-campus||$-473|
Note: a negative number can indicate that a refund will be given to use toward other expenses such as housing, fees, and books. In such cases, be sure to reach out to the school directly for any clarification or questions.
What will attending UMN Twin Cities 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 make more informed decisions about the actual cost of attending that school, based on their financial situation. You can find the UMN Twin Cities's net cost calculator on their website.
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.
Schools sometimes waiver tuition for certain groups, to make attending more affordable. Some colleges offer tuition waivers for employees and their family members, underrepresented students, or military students. Even with a tuition waiver, students are usually responsible for housing, meal plans, and other expenses.
Check the financial aid website for more information on payment plans and tuition waivers.
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Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
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