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Created: November 05, 2024

Estimated Cost of Attendance (out-of-state) Cost of Attendance includes tuition and fees; food and housing; books, course materials, supplies, and equipment; transportation; and miscellaneous personal expenses.

Tuition and fees $35,348
Living expenses (food and housing) $11,894
Books, course materials, supplies, and equipment $1,000
Transportation $1,700
Student Loan Fee $146
Miscellaneous personal expenses $2,000
Total $52,088/yr

Estimated grants and scholarships to pay for college

Pell Grant $7,395
Supplemental Educational Opportunity Grant $600
Total $7,995/yr

What you will pay for college Your estimated net cost per year based on the data you provided. This is the estimated cost of attendance minus total grants and scholarships.

Net Price
Cost of Attendance minus Estimated Grants and Scholarships
$44,093

Options to Pay Net Price




Merit-based Scholarships

For Minnesota, Wisconsin and North Dakota residents, this calculator only estimates your need-based aid. For all other residents, this calculator uses your self-reported GPA to estimate your scholarship (note: when we review your admission application, we will look at a range of factors beyond your GPA to determine your scholarship award).

You will automatically be considered for merit-based scholarships when you apply for admission. The University of Minnesota awarded more than $50 million in academic scholarships last year, ranging in amounts from $1,000 for one year up to $80,000 ($20,000 per year for four years). Visit z.umn.edu/scholarship or call the Office of Admissions at 1-800-752-1000 to learn more.

Estimated loan options The amounts listed are the maximum available to you – you may decide to borrow less.

Federal Direct Subsidized Loan $3,500
Federal Direct Unsubsidized Loan $2,000
Parent PLUS Loan or Private Student Loan $35,893
Total $41,393/yr

Other options $0/ yr

  • Payment plan offered by the institution
  • Military and/or National Service benefits
  • Federal Direct PLUS Loan
  • Non-Federal private education loan
  • Expected Student Aid Index (FM): -$1,500
  • (As calculated using information reported on this calculator)

Paying for College

Glossary

Cost of Attendance (COA): The total amount (not including grants, scholarships, loans, and work-study) that it will cost you to go to school during the 2025-26 school year. COA includes tuition and fees; living expenses (housing and food); and allowances for books, course materials, supplies, equipment, transportation, miscellaneous personal expenses, and loan fees. It can also include dependent care; an allowance for the rental or purchase of a personal computer; costs related to a disability; and reasonable costs for eligible study-abroad programs. For students attending less than half-time, the COA includes tuition and fees; an allowance for books, supplies, and transportation; and dependent care expenses. Your actual costs will vary according to your residency, enrollment status, personal lifestyle choices, and academic program and coursework.

Grants and Scholarships: Student aid funds that do not have to be repaid. Grants are often need-based, while scholarships are usually merit-based. Occasionally you might have to pay back part or all of a grant if, for example, you withdraw from school before finishing a semester.

Net Price: An estimate of the actual cost that you or your family will need to pay to cover education expenses at a particular school for one year. Net price is determined by taking the institution's cost of attendance and subtracting your grants and scholarships.

Work-Study: A federal and/or state student aid program that provides part-time employment that must be earned while you are enrolled in school to help pay your educational expenses.

Loans: Borrowed money that must be repaid with interest. Loans from the federal government typically have a lower interest rate than loans from private lenders. Federal loans, listed from most advantageous to least advantageous, are Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans. You can find more information about federal loans at StudentAid.gov.

Federal Direct Subsidized Loans: Loans made to eligible undergraduate students who demonstrate financial need to help cover the costs of higher education at a college or career school.

Federal Direct Unsubsidized Loans: Loans made to eligible undergraduate, graduate, and professional students, but in this case, the student does not have to demonstrate financial need to be eligible for the loan.

Federal Direct PLUS Loans: Loans made to parents of dependent undergraduate students and graduate or professional students to help pay for education expenses not covered by other financial aid.

Student Aid Index (also referred to as SAI): A number used by a school to calculate how much need-based financial aid you are eligible to receive based on the financial information you provided on your Free Application for Federal Student Aid (FAFSA). The SAI is not the amount of money your family will have to pay for college, nor is it the amount of federal student aid you will receive. The family contribution is reported to you on your FAFSA Submission Summary, also known as the FSS. The FSS is a paper or electronic document that provides basic information about your eligibility for federal student aid and lists your responses to the questions on the FAFSA.