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Can You Really Afford South Dakota School of Mines and Technology?

Here is what you can expect to pay at South Dakota School of Mines and Technology, including attendance costs, projected four- and two-year degree costs, average net price, debt outcomes, and how aid is distributed across income levels.

$24,865.00 Cost of Attendance
$20,183.00 Avg Net Price
$17,306.00 Median Grad Debt

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What Does It Cost to Attend South Dakota School of Mines and Technology?

Attendance costs at South Dakota School of Mines and Technology varied between $24,865.00 and up to $29,265.00 depending on whether you qualify for in-state rates.

The lower figure reflects the in-state rate and the higher figure the out-of-state rate: near $24,865.00 in-state, rising to $29,265.00 out of state.

Here the cost is broken out three ways: no aid, average aid, and the aid a low-income student typically receives.

What It Costs Residents (no aid)

Tuition and fees $10,500.00
+ Room, board & other expenses $14,365.00
Total cost $24,865.00
That is 29% above the national average net price.

Average Net Price for Residents (with average aid)

Total cost $24,865.00
− Grants and scholarships −$5,202.00
Net price $19,663.00
That is 2% above the national average net price.

Net Price for Low-Income Residents

Total cost $24,865.00
− Grants and scholarships −$10,037.00
Net price $14,828.00
That is 23% below the national average net price.

Cost for Non-Residents (no aid)

Tuition and fees $14,900.00
+ Room, board & other expenses $14,365.00
Total cost $29,265.00
That is 52% above the national average net price.

Net Price for Non-Residents (with average aid)

Total cost $29,265.00
− Grants and scholarships −$5,202.00
Net price $24,063.00
That is 25% above the national average net price.

Net Price for Low-Income Non-Residents

Total cost $29,265.00
− Grants and scholarships −$10,037.00
Net price $19,228.00
That is roughly at the national average net price.
Go deeper on the components with tuition and fees and room and board.

Estimating the Total Cost of a Degree at South Dakota School of Mines and Technology

Below, a full degree is projected forward at today’s cost. Below, the cost is projected across a degree for three students at once — low-income with aid, average aid, and no aid. Loan totals assume a ten-year repayment at 6.8%.

In-State Projected Costs

Projected 4-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 0% 0% 0%
Freshman year $14,828.00 $19,663.00 $24,865.00
Senior year $14,828.00 $19,663.00 $24,865.00
Total 4-year net price $59,312.00 $78,652.00 $99,460.00
10-year loan interest @ 6.8% $22,596.00 $29,964.00 $37,891.00
Total monthly payment $683.00 $905.00 $1,145.00
Total amount paid $81,908.00 $108,616.00 $137,351.00
Projected 2-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 0% 0% 0%
Freshman year $14,828.00 $19,663.00 $24,865.00
Senior year $14,828.00 $19,663.00 $24,865.00
Total 2-year net price $29,656.00 $39,326.00 $49,730.00
10-year loan interest @ 6.8% $11,298.00 $14,982.00 $18,945.00
Total monthly payment $341.00 $453.00 $572.00
Total amount paid $40,954.00 $54,308.00 $68,675.00

Out-of-State Residents

Projected 4-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 0% 0% 0%
Freshman year $19,228.00 $24,063.00 $29,265.00
Senior year $19,228.00 $24,063.00 $29,265.00
Total 4-year net price $76,912.00 $96,252.00 $117,060.00
10-year loan interest @ 6.8% $29,301.00 $36,669.00 $44,596.00
Total monthly payment $885.00 $1,108.00 $1,347.00
Total amount paid $106,213.00 $132,921.00 $161,656.00
Projected 2-year net costs Low Income w/ Aid w/ Average Aid No Aid
Annual growth rate 0% 0% 0%
Freshman year $19,228.00 $24,063.00 $29,265.00
Senior year $19,228.00 $24,063.00 $29,265.00
Total 2-year net price $38,456.00 $48,126.00 $58,530.00
10-year loan interest @ 6.8% $14,650.00 $18,334.00 $22,298.00
Total monthly payment $443.00 $554.00 $674.00
Total amount paid $53,106.00 $66,460.00 $80,828.00
See the full net-price breakdown in the net price section below.

What Families Actually Pay at South Dakota School of Mines and Technology

The net price figure shows the cost after grants and scholarships are deducted. It is usually a better planning number than the sticker cost above.

Average net price (on-campus) $20,183.00
Average net price (off-campus) $20,380.00

The real cost varies by income because need-based aid scales with financial need. The figures below give average net price by income bracket:

Family income Average net price
Under $30,000 $15,481.00
$30,000 to $48,000 $17,330.00
$48,001 to $75,000 $20,041.00
$75,001 to $110,000 $21,496.00
Over $110,000 $22,179.00

Use South Dakota School of Mines and Technology Net Price Calculator, or reach out to the financial aid office.

Dig into how aid is awarded on the financial aid breakdown.

Student Debt at South Dakota School of Mines and Technology

The median graduating debt at South Dakota School of Mines and Technology stands at $17,306.00, which federal data classifies as a Low ($10-20k) debt-burden category.

Across borrowers, debt at graduation distributes like this:

Percentile Debt at graduation
10th $3,750.00
25th $7,140.00
Median (50th) $17,306.00
75th $29,500.00
90th $37,564.00

The distance from the 10th to the 90th percentile shows how widely debt outcomes vary.

Dig deeper into debt on the student-loan-debt breakdown.

Debt Outcomes by Family Income at South Dakota School of Mines and Technology

Debt at graduation is far from uniform across income levels. The breakdown below segments borrowers by family income at entry:

Family income Median debt at graduation
Low income $19,500.00
Middle income $18,125.00
High income $15,625.00

Borrowers from lower-income families leave school with $3,875.00 in extra median debt compared with high-income peers.

First-Generation Borrowing at South Dakota School of Mines and Technology

Whether your parents attended college is associated with differences in median debt at graduation.

Student group Median debt at graduation
First-generation students $17,625.00
Continuing-generation students $17,224.00

First-generation graduates of South Dakota School of Mines and Technology take on $401.00 in additional median debt versus continuing-generation peers.

Pell-Eligible Debt Outcomes at South Dakota School of Mines and Technology

Pell Grant eligibility is a useful proxy for low-income status among undergraduates. Comparing Pell recipients vs non-recipients shows how debt is distributed by need.

The Pell vs non-Pell debt gap at South Dakota School of Mines and Technology works out to $9,375.00. This school is flagged by the Department of Education for Pell-related debt inequity.

Loan Repayment and Default at South Dakota School of Mines and Technology

The default-rate classification at South Dakota School of Mines and Technology is Low (<5%).

Window Cohort default rate
2-year 3.7%

For scale, federal Stafford loan disbursements at South Dakota School of Mines and Technology add up to $110,021,721.00 covering 6,316 student borrowers.

GI Bill and Military Aid at South Dakota School of Mines and Technology

Veterans and active-duty service members may qualify for substantial federal education benefits such as the Post-9/11 GI Bill and DoD Tuition Assistance.

GI Bill recipients 65
Avg GI Bill amount $9,282.00
DoD Tuition Assistance recipients 29
Avg DoD Tuition Assistance $3,821.00

For the full rundown of veteran and military benefits, see the college veterans page.

Questions Worth Asking

The data above is a foundation; round it out by asking yourself about South Dakota School of Mines and Technology, a few questions are worth asking:

Continue Your Research regarding South Dakota School of Mines and Technology

Each page below covers one part of paying for college in more detail:

Data sources. Figures on this page draw from the U.S. Department of Education College Scorecard, the Integrated Postsecondary Education Data System (IPEDS), and MediaFactual editorial review. Net-price calculator and financial-aid office links are taken from the institution’s own published data.

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