Great Value at the University of Minnesota
If you want an extraordinary college experience for a great value, the University of Minnesota is a great fit for you.
What do you mean by great value?
Each day University of Minnesota students experience greatness. They have discovered their college home at the intersection of great academics, great opportunities, and great location--all adding up to great value.
We invite you to be a part of something great, too. As a University of Minnesota student, you will step into a thriving academic community with some of the world's most renowned researchers. In fact, you'll often find that your professors wrote the textbooks that educate students across the nation. You will have incredible opportunities--including study abroad, honors, and undergraduate research--at your fingertips. You will have one of the nation's most vibrant and exciting metropolitan areas at your doorstep.
With direct access to these amazing resources, you will get a fantastic education and a prestigious degree (guaranteed in four years), all for a competitive price. That's great value!
What is the cost of attending the U of M?
When planning for college expenses, you will want to consider tuition and fees, room and board, and incidental costs (ranging from textbooks to travel to toothpaste).
| 2007-08 tuition and fees (based on full-time enrollment) |
| Minnesota residents - $9,885 |
| Wisconsin residents- $8,645* |
| North Dakota, South Dakota, Manitoba residents- $9,885 |
| Nonresidents- See below** |
* Tuition and fees for Wisconsin students enrolled full-time in the Carlson School of Management during the 2007-08 academic year is $9,395.
** Nonresident students (residents of states other than MN, ND, SD, or WI): Beginning fall semester 2008, a new tuition structure will be put in place for new nonresident students. Nonresident tuition will cost just $2,000 more each semester than Minnesota resident tuition. Using 2007-08 tuition rates as an example, the nonresident rate would be approximately $14,000.
(Included in the tuition and fees listed above are a $648 student services, $1,000 University, $224 average annual technology, and $63 miscellaneous fee.)
See more details about the cost of attendance.
How am I going to pay for it?
The first step is to complete the Free Application for Federal Student Aid (FAFSA).
At the University of Minnesota, we are committed to helping you finance your college education. If your FAFSA demonstrates that you have financial need, then we will build a financial aid package for you that covers that need, up to the cost of attendance. Whether you need financial assistance to cover tuition and fees, room and board, incidental expenses, or all of the above, your financial aid package has it covered!
Plus, if you are a Minnesota resident who qualifies for a federal Pell grant, your University of Minnesota tuition and fees are FREE through the Founders Free Tuition Program.
Financial aid is awarded with this formula:
| Cost of Attendance - Family Contribution = Financial Need |
| Financial Need = Your Financial Aid Package |
We offer many great resources to help you finance your education. You may be eligible for need-based options such as grants, loans, scholarships, or work-study. We also offer non-need-based support, including academic scholarships or student employment.
Apply for financial aid by filling out the Free Application for Federal Student Aid (FAFSA). For students entering the U of M in the fall, the priority deadline for the FAFSA is March 1, the spring before enrollment. For more information about the FAFSA, visit http://www.fafsa.ed.gov.
To learn more about financial aid at the U of M, contact our One Stop counselors in the Office of Student Finance at 612-624-1111 or 1-800-400-8636 or go to http://www.onestop.umn.edu/onestop/financialaid.html.
Scholarships
Each year, incoming freshmen receive over $9 million in academic scholarships to be used over the course of their college careers. These scholarships recognize students' outstanding academic achievements or other significant accomplishments.
Some of our scholarship awards have a financial need component. To be considered for those awards, you must fill out the FAFSA.
Some University of Minnesota scholarships last one or two years, and range from $1,000-$3,000 each year. Other awards last four years, and range from $1,000-$12,000 each year. Our national scholarship program for non-resident freshmen ranges up to $11,000 per year for four years. View a complete listing of freshman scholarship awards.
Transfer students may be eligible for scholarships awarded directly by U of M colleges or academic departments. These scholarships recognize a wide variety of academic accomplishments. Please contact your college or department of interest for more information.
The University of Minnesota works with many generous donors to secure private scholarship support. Last year, thousands of undergraduates received scholarships from private donations. The number of students receiving private support is constantly increasing as the University continues its major scholarship fundraising drive.
Freshman Job Guarantee
We have over 10,000 student jobs on or near campus, and the University of Minnesota Job Center makes it easy and convenient to find a job you will like. We even offer a job guarantee to the first 500 incoming freshmen who respond to our Job Guarantee mailing sent each spring.
The pay rate for student jobs on campus typically ranges from $7.00 to $10.00 per hour. Click here for average student wages.
A student job can bring you more than just cash. You can also gain valuable experiences for your career. At a Big Ten research university, your opportunities for employment are endless--you can work with reference materials in the Math Library, manage a convenience store in a residence hall, work with preschoolers at the University Child Care Center, or work as a research assistant for a professor in the Center for Medieval Studies.
