College Factual  by our College Data Analytics Team
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Can You Afford Colorado School of Mines?

Concerned about paying for college? Take a look at Mines’ financial aid options, including grants, scholarships, and student loans, then calculate the net price based on your income level to determine if you can afford to attend this school.

Attendance Costs in 2020 - 2021 Varied Between $19,543 & $57,899

Worried about paying the full cost of $57,899 to attend Colorado School of Mines? That number can be deceiving, as the net amount most students will pay varies significantly.

For students living in Colorado, the school offers a discount of 52.0% off tuition and fees. Also, 81.1% of freshmen receive some form of financial aid, with the average amount totaling $11,774. Students from low-income families receive an average of $17,656 in aid during their first year.

Cost for Residents of Colorado (no aid)

Tuition and fees$19,100
+ Room and board$14,720
+ Other expenses$3,379
Total cost$37,199
Affordability Score (28 out of 100)
more expensive
less expensive

Net Price for Residents of Colorado (with average aid)

Total cost$37,199
- Grants and scholarships$11,774
Net price$25,425
Affordability Score (26 out of 100)
more expensive
less expensive

Average Net Price for Low Income Residents of Colorado

Total cost$37,199
- Grants and scholarships$17,656
Net price$19,543
Affordability Score (34 out of 100)
more expensive
less expensive

Cost for Non-Residents (no aid)

Tuition and fees$39,800
+ Room and board$14,720
+ Other expenses$3,379
Total cost$57,899
Affordability Score (10 out of 100)
more expensive
less expensive

Net Price for Non-Residents (with average aid)

Total cost$57,899
- Grants and scholarships$11,774
Net price$46,125
Affordability Score (2 out of 100)
more expensive
less expensive

Average Net Price for Low Income Non-Resident Undergraduates

Total cost$57,899
- Grants and scholarships$17,656
Net price$40,243
Affordability Score (2 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at Mines.

Projected Costs Between $86,383 and $358,550 For a Four Year Degree. Between $41,965 and $173,457 For a Two Year Degree.

It can be a bit scary to look at the total projected cost of a college education over the course of a multi-year degree, however, doing so will help you better understand the financial commitment you are making.

The overall cost for on-campus, in-state students to attend Colorado School of Mines in 2020 - 2021 was $37,199. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 2.9% each year.

If this trend continues, we expect the full cost for incoming freshmen to be $39,426 during their first year. By their senior year, that cost will be approximately $43,019, for a bachelor degree candidate ($40,589 for an associate degree candidate) for a total of $164,821 over the course of four years ($80,015 over the course of two years). These numbers do not take into consideration financial aid, which reduces this overall cost by varying amounts per student.

The cost for out-of-state students is more, with an overall expected four-year cost of $259,638 based on a yearly growth rate of 3.3%. The expected two-year cost is $125,606.

Remember, the full costs quoted above are not what most students will pay, and the net price varies quite a bit based on individual circumstances.

Average Net Price at Colorado School of Mines

Cost With Interest for Residents of Colorado

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.2%2.9%
Freshman year$20,685$26,556$39,426
Senior year$21,281$27,140$40,589
Total 2-year net price$41,965$53,696$80,015
10-year loan interest @ 6.8%$15,987$20,456$30,483
Total monthly payment$483$618$921
Total amount paid$57,953$74,153$110,498
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.2%2.9%
Freshman year$20,685$26,556$39,426
Senior year$22,524$28,348$43,019
Total 4-year net price$86,383$109,781$164,821
10-year loan interest @ 6.8%$32,909$41,823$62,791
Total monthly payment$994$1,263$1,897
Total amount paid$119,292$151,604$227,612

Cost With Interest for Out-Of-State Residents

The tables below outlines how the overall degree net cost can vary depending on your situation. This table also highlights the impact student loans can have on the overall cost of college.

Projected 2-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.8%3.3%
Freshman year$41,361$48,763$61,783
Senior year$41,932$50,138$63,822
Total 2-year net price$83,294$98,901$125,606
10-year loan interest @ 6.8%$31,732$37,678$47,851
Total monthly payment$959$1,138$1,445
Total amount paid$115,025$136,579$173,457
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.8%3.3%
Freshman year$41,361$48,763$61,783
Senior year$43,097$53,006$68,104
Total 4-year net price$168,902$203,459$259,638
10-year loan interest @ 6.8%$64,345$77,511$98,912
Total monthly payment$1,944$2,341$2,988
Total amount paid$233,247$280,970$358,550

Visit net price and financial aid to learn more about the total cost of attending Colorado School of Mines.

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