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  • University of Minnesota - Twin Cities/
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University of Minnesota - Twin Cities
Minneapolis, Minnesota
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Can You Afford University of Minnesota - Twin Cities?

Concerned about paying for college? Take a look at UMN Twin Cities' 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 2019 - 2020 Varied Between $9,239 & $47,117

Worried about paying the full cost of $47,117 to attend University of Minnesota - Twin Cities? That number can be deceiving, as the net amount most students will pay varies significantly.

For students living in Minnesota, the university offers a discount of 54.9% off tuition and fees. Also, 61.3% of freshmen receive some form of financial aid, with the average amount totaling $9,334. Students from low-income families receive an average of $19,580 in aid during their first year.

  • Minnesota Residents
  • Out-Of-State Residents

Cost for Residents of Minnesota (no aid)

Tuition and fees$15,027
+ Room and board$10,358
+ Other expenses$3,434
Total cost$28,819
Affordability Score (42 out of 100)
more expensive
less expensive

Net Price for Residents of Minnesota (with average aid)

Total cost$28,819
- Grants and scholarships$9,334
Net price$19,485
Affordability Score (44 out of 100)
more expensive
less expensive

Average Net Price for Low Income Residents of Minnesota

Total cost$28,819
- Grants and scholarships$19,580
Net price$9,239
Affordability Score (85 out of 100)
more expensive
less expensive

Cost for Non-Residents (no aid)

Tuition and fees$33,325
+ Room and board$10,358
+ Other expenses$3,434
Total cost$47,117
Affordability Score (19 out of 100)
more expensive
less expensive

Net Price for Non-Residents (with average aid)

Total cost$47,117
- Grants and scholarships$9,334
Net price$37,783
Affordability Score (7 out of 100)
more expensive
less expensive

Average Net Price for Low Income Non-Resident Undergraduates

Total cost$47,117
- Grants and scholarships$19,580
Net price$27,537
Affordability Score (16 out of 100)
more expensive
less expensive

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

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Projected Costs Between $35,380 and $314,153 For a Four Year Degree. Between $17,911 and $148,719 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 University of Minnesota - Twin Cities in 2019 - 2020 was $28,819. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 2.4% each year.

If this trend continues, we expect the full cost for incoming freshmen to be $30,248 during their first year. By their senior year, that cost will be approximately $32,527, for a bachelor degree candidate ($30,990 for an associate degree candidate) for a total of $125,513 over the course of four years ($61,238 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 $227,488 based on a yearly growth rate of 5.5%. The expected two-year cost is $107,692.

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 University of Minnesota - Twin Cities
  • Minnesota Residents
  • Out-Of-State Residents

Cost With Interest for Residents of Minnesota

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*2.9%2.4%
Freshman year$9,011$20,652$30,248
Senior year$8,900$21,261$30,990
Total 2-year net price$17,911$41,912$61,238
10-year loan interest @ 6.8%$6,823$15,967$23,329
Total monthly payment$206$482$705
Total amount paid$24,734$57,879$84,567
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*2.9%2.4%
Freshman year$9,011$20,652$30,248
Senior year$8,680$22,534$32,527
Total 4-year net price$35,380$86,334$125,513
10-year loan interest @ 6.8%$13,479$32,890$47,816
Total monthly payment$407$994$1,444
Total amount paid$48,859$119,224$173,329

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*7.2%5.5%
Freshman year$33,666$43,460$52,413
Senior year$37,224$46,611$55,280
Total 2-year net price$70,890$90,071$107,692
10-year loan interest @ 6.8%$27,007$34,314$41,027
Total monthly payment$816$1,037$1,239
Total amount paid$97,897$124,385$148,719
Projected 4-Year Net CostsLow Income w/ Aidw/ Average AidNo Aid
Annual growth rate*7.2%5.5%
Freshman year$33,666$43,460$52,413
Senior year$45,510$53,615$61,493
Total 4-year net price$157,559$193,676$227,488
10-year loan interest @ 6.8%$60,024$73,783$86,665
Total monthly payment$1,813$2,229$2,618
Total amount paid$217,583$267,459$314,153

Visit net price and financial aid to learn more about the total cost of attending University of Minnesota - Twin Cities.

Further Questions to Consider

  • Do you know your deadlines?

    Meeting application deadlines for both the college and the FAFSA is crucial to getting financial aid.

  • When can you expect to begin receiving bills from the college?
  • Is there an option to make payments in monthly installments?
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