College Factual  by our College Data Analytics Team
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Can You Afford South Dakota School of Mines and Technology?

Concerned about paying for college? Take a look at South Dakota School of Mines and Technology’s 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 $16,914 & $29,830

Worried about paying the full cost of $29,830 to attend South Dakota School of Mines and Technology? That number can be deceiving, as the net amount most students will pay varies significantly.

For students living in South Dakota, the school offers a discount of 28.4% off tuition and fees. Also, 77.7% of freshmen receive some form of financial aid, with the average amount totaling $4,827. Students from low-income families receive an average of $8,536 in aid during their first year.

Cost for Residents of South Dakota (no aid)

Tuition and fees$11,020
+ Room and board$7,980
+ Other expenses$6,450
Total cost$25,450
Affordability Score (52 out of 100)
more expensive
less expensive

Net Price for Residents of South Dakota (with average aid)

Total cost$25,450
- Grants and scholarships$4,827
Net price$20,623
Affordability Score (42 out of 100)
more expensive
less expensive

Average Net Price for Low Income Residents of South Dakota

Total cost$25,450
- Grants and scholarships$8,536
Net price$16,914
Affordability Score (45 out of 100)
more expensive
less expensive

Cost for Non-Residents (no aid)

Tuition and fees$15,400
+ Room and board$7,980
+ Other expenses$6,450
Total cost$29,830
Affordability Score (55 out of 100)
more expensive
less expensive

Net Price for Non-Residents (with average aid)

Total cost$29,830
- Grants and scholarships$4,827
Net price$25,003
Affordability Score (42 out of 100)
more expensive
less expensive

Average Net Price for Low Income Non-Resident Undergraduates

Total cost$29,830
- Grants and scholarships$8,536
Net price$21,294
Affordability Score (46 out of 100)
more expensive
less expensive

Learn more about tuition and fees, room, board and other expenses, and financial aid options at South Dakota School of Mines and Technology.

Projected Costs Between $60,763 and $164,777 For a Four Year Degree. Between $31,319 and $82,388 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 South Dakota School of Mines and Technology in 2020 - 2021 was $25,450. To calculate future costs, we looked at the prior five years of data and determined that this cost remained constant.

If this trend continues, we expect the full cost for incoming freshmen to be $25,450 during their first year. By their senior year, that cost will be approximately $25,450, for a bachelor degree candidate ($25,450 for an associate degree candidate) for a total of $101,800 over the course of four years ($50,900 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 $119,320 based on a yearly growth rate of 0.0%. The expected two-year cost is $59,660.

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 South Dakota School of Mines and Technology

Cost With Interest for Residents of South Dakota

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*-0.4%0.0%
Freshman year$15,901$20,462$25,450
Senior year$15,418$20,383$25,450
Total 2-year net price$31,319$40,845$50,900
10-year loan interest @ 6.8%$11,931$15,560$19,391
Total monthly payment$360$470$586
Total amount paid$43,251$56,406$70,291
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*-0.4%0.0%
Freshman year$15,901$20,462$25,450
Senior year$14,495$20,224$25,450
Total 4-year net price$60,763$81,372$101,800
10-year loan interest @ 6.8%$23,148$31,000$38,782
Total monthly payment$699$936$1,172
Total amount paid$83,911$112,372$140,582

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*-0.1%0.0%
Freshman year$20,405$24,938$29,830
Senior year$19,974$24,906$29,830
Total 2-year net price$40,379$49,844$59,660
10-year loan interest @ 6.8%$15,383$18,989$22,728
Total monthly payment$465$574$687
Total amount paid$55,762$68,832$82,388
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*-0.1%0.0%
Freshman year$20,405$24,938$29,830
Senior year$19,140$24,841$29,830
Total 4-year net price$79,072$99,558$119,320
10-year loan interest @ 6.8%$30,124$37,928$45,457
Total monthly payment$910$1,146$1,373
Total amount paid$109,196$137,486$164,777

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

Further Questions to Consider

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