Hello folks, I'm exploring my college options and the University of Minnesota is currently on my list. Can anyone provide info on the current tuition scenario at the Univ of MN? Moreover, are there additional expenses apart from regular tuition fees? Just trying to make an educated guess about how much it might end up costing me. Cheers!
Hey there! Firstly, it's important to note that the tuition fees at the University of Minnesota vary depending on whether you are an in-state student or an out-of-state student. For the 2024-2025 academic year, the tuition fee for an in-state undergraduate student is around $17,370, while for an out-of-state student it's around $38,520.
Apart from tuition fees, you'll also have to consider room and board which averages around $13,856. Other expenses such as books and supplies are approximately $1,000, and personal and transportation expenses are estimated to be approximately $2,000 each. The University weatherizes these costs, so they may be slightly more or less.
On the financial aid aspect, about 65% of full-time undergraduates receive some type of need-based financial aid, whether through grants, scholarships, work-study or loans. The average need-based scholarship or grant award is around $9,941. This can significantly offset the costs of attending.
Remember, all these figures are estimates and actual costs can vary depending on a variety of factors. You may want to explore more details on their official website and use their Net Price Calculator to get a more accurate estimate based on your specific circumstances.
Good luck with your college search!
CollegeVine’s Q&A seeks to offer informed perspectives on commonly asked admissions questions. Every answer is refined and validated by our team of admissions experts to ensure it resonates with trusted knowledge in the field.