South Dakota School of Mines and Technology

In 2017, South Dakota School of Mines and Technology's tuition was $10,440 a year for in-state students and $14,664 a year for out-of-state students.

On average, college tuition goes up about 3% every year.

If this information makes going to college sound impossible, remember, the advertized cost of tuition does not always 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 are awarded. Plus, student loans can make theactual cost of attending college feel more doable until you're done with college.

Tuition for international students at South Dakota School of Mines and Technology is $14,860 per year.

South Dakota School of Mines and Technology meets 71% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at South Dakota School of Mines and Technology is around $14,379 a year.

The average student debt for graduates in the class of 2023 was around $32,995 per student, not including those with no debt.

Does South Dakota School of Mines and Technology Offer In-State and Out-of-State Tuition?

South Dakota School of Mines and Technology is a public, state institution, which means it offers a reduced tuition rate of $10,440 for students who qualify as state residents and attend full-time.Non-South Dakota residents can expect to pay 14,664 per year for tuition.

Public schools receive funds from the state to help them cover costs. 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 status can cut the cost of college tuition. Take the time to check your state's guidelines for how to qualify for in-state residency. 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 as well, depending on where you live.

Explore other South Dakota colleges

Tuition for International Students at South Dakota School of Mines and Technology

Tuition at South Dakota School of Mines and Technology is higher for international students than it is for out-of-state students.

International students at South Dakota School of Mines and Technology can expect to pay around $14,860 per year, before any scholarships, grants or other financial aid.

Students from outside of the U.S. are not eligible for loans or grants from the U.S. government, but should research private or school-specific aid and scholarships. International students who demonstrate financial need may qualify for the following types of financial support at South Dakota School of Mines and Technology:

•On-campus jobs •Loans from outsideSouth Dakota School of Mines and Technology •Athletic Awards •South Dakota School of Mines and Technology-specific scholarships

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

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South Dakota School of Mines and Technology Living Expenses, Fees, and More

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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 South Dakota School of Mines and Technology.

Room and Board Costs at South Dakota School of Mines and Technology

Room and board at South Dakota School of Mines and Technology costs $7,844 a year. This number includes the cost of living in dorms or other on-campus housing, and a meal plan that allows you to eat in the school dining halls.

Board costs vary based on on how many meals are included in the plan you choose.

Cost of Books at South Dakota School of Mines and Technology

First-year students are sometimes surprised by how much books and supplies cost–and not in a good way. The real 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.

Yearly Fees

Most schools charge some yearly fees to offsets cost associated with maintaining facilties, like the library, gym and computer labs.

Keep in mind, there could also be optional fees associated with participating in special activities, like Greek Life, or playing on an intramural sports team. Most colleges offer resources for students with demonstrated need to get help covering these fees.

Planes, Trains, and Automobiles: Transportation costs at South Dakota School of Mines and Technology

The total cost of transportation in college can really vary. Will you take a subway, car or an airplane to get to school? Will you need to pay to park on-campus? Is the campus walkable? Do you plan to bring a car or will you need to use public transportation? All of these questions can drastically impact your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car on campus.

A school's location can impact transportation costs. 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 a city is sometimes expensive, but cities may offer more trains, busses or affordable flights to actually get to school. South Dakota School of Mines and Technologyis located in a suburb in South Dakota.

Other Costs

When you're planning for college, be sure 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.

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The Full Cost of Attending South Dakota School of Mines and Technology

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Now, let’s do a rundown of all of the costs associated with college, to get a better idea of how much students can expect to shell out for South Dakota School of Mines and Technology.

Total Cost of South Dakota School of Mines and Technology

What will the cost of attending South Dakota School of Mines and Technology be? Here is a breakdown of tuition and expenses.

2023 Total Tuition and Expenses
In-state Tuition	$10,440
Out-of-State Tuition	$14,664
Room and Board	$7,844
Other expenses	$2,000

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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Financial Aid at South Dakota School of Mines and Technology

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The majority of South Dakota School of Mines and Technology undergrads use financial aid to finance their education. In 2023, 1,095 of the 2,146 undergrads enrolled received financial aid. South Dakota School of Mines and Technology meets 71% of the demonstrated financial need for undergraduates.

The average financial aid package for a full-time, first-year student is around $14,379 a year. Around 71% of South Dakota School of Mines and Technology undergrads take out student loans to cover any remaining costs. South Dakota School of Mines and Technology graduates who have student loans graduate with an average of $32,995 of student loan debt.

The average debt for each loan type varies.

Average Debt By Loan Type
Federal Loans	$29,173
Private Loans	$22,111

Most Common Loans for South Dakota School of Mines and Technology Students
Federal Loans	69%
Private loans	14%

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 South Dakota School of Mines and Technology financial aid, keep reading, or visit their financial aid website.

Scholarships at South Dakota School of Mines and Technology

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, South Dakota School of Mines and Technology awarded 693 need-based scholarships to students, giving away total of $4.9 million to help students with financial need cover the cost of school. An additional $720,000 in merit-based scholarship money was awarded to students without demonstrated financial need.

Net Cost of South Dakota School of Mines and Technology

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 South Dakota School of Mines and Technology 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 South Dakota School of Mines and Technology was $14,379 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of South Dakota School of Mines and Technology seem more manageable.

Estimated Net Cost for Full-Time Students
In-State, On-Campus	$-4,063
Net In-state, Off-campus	$472
Out-of-State, On-Campus	$14,540

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 South Dakota School of Mines and Technology 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 South Dakota School of Mines and Technology's net cost calculator on their website.

South Dakota School of Mines and Technology 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.

South Dakota School of Mines and Technology Tuition Waivers

Schools sometimes offer tuition waivers to certain groups, to reduce the total cost of attendance. Some colleges offer tuition waivers for faculty, staff, and their families , 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.

South Dakota School of Mines and Technology'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.

South Dakota School of Mines and Technology's endowment was valued at $53.7 million in 2023, compared to a national average of $905 million. For each full-time student, South Dakota School of Mines and Technology spends about $4,390 a year.

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Learn More About South Dakota School of Mines and Technology

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