$7,500

Tuition

$25,020

Cost of Attendance

$18,706

Net Price

South Dakota School of Mines and Technology (SDSMT) Tuition and Fees

South Dakota School of Mines and Technology is a prominent educational institution known for offering a range of undergraduate, postgraduate, and doctoral programs in a wide assortment of streams, providing quality training to students. The tuition fees charged at SDSMT is quite moderate compared to the expense of education at most institutions. The 2020 - 2021 official data shows that the estimated average cost for students pursuing undergraduate courses at South Dakota School of Mines and Technology comes to around $12,925, which includes tuition and other expenses as well. The housing costs $8,770, books and supplies cost $2,040, while the other expenses add up to $4,400.

Total Cost of Attendance

Student typeIn-stateOut-State
Tuition & Fees$10,560$14,820
Book & Supplies$2,020$2,020
Room & Board cost$8,440$8,440
Other Expenses$4,000$4,000
Total Cost of Attendance$25,020$29,280

Coming to the cost of attendance, students need to understand that the tuition fee is just a single aspect of the expenses that come under the overall cost of attending the university. They will be required to plan for various other expenses associated with the cost of attendance, including lodging, dining, textbooks, supplies, and the cost of living, among other things. What's more, at South Dakota School of Mines and Technology, the total tuition and fees for the enrolled students come out to be around $12,925 in a year. Apart from that, they should also pay an average amount of $2,040 toward books and supplies, $8,770 for room and boarding charges, and $4,400 toward other expenses in a year. Therefore, the estimated cost of attendance for one year at SDSMT is around $28,135, as per the available information. Moreover, the tuition fees that the candidates have to pay stand at $10,770 and $15,080 for in-state and out-state students, respectively.

Average Net Price by Family Income

Net Price

$18,706

Family Income

Avg. Net Price

$0 to $30,000

$15,252

$30,001 to $48,000

$15,388

$48,001 to $75,000

$19,266

$75,001 to $110,000

$20,626

$110,000+

$20,377

The net price of attending South Dakota School of Mines and Technology is nothing but the actual amount that the students are required to pay in a year. It depends upon the annual family income of the applicant. Generally, the higher the family income of the candidate, the higher is the net amount to be paid. So, it all essentially depends on the family income bracket of the student. At SDSMT, the average net price is estimated to be around $19,444. The net price for students with an annual family income below $30,000 is reported to be around $15,464. For the individuals who come under the $30,001-$48,000 income category, the net cost is $16,644. On the other hand, an estimated net cost of $20,299 is charged for the $48,001-$75,000 income bracket, $21,246 for the $75,001-$110,000 income category, and $21,324 for an annual family income more than $110,000.

Student Loans

Example Loans

$53,988

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$560

Total interest paid

$13,245

Sum of Loan Payments

$67,233

To have a realistic understanding of how much it will cost to study at South Dakota School of Mines and Technology (SDSMT) here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $53,988 for example. This will result in a $6,723 payment to be made each year. We can assume that the interest rate is 4.5% post any refinancing or consolidation activities with a 10 years repayment plan. Then the total payment made towards the loan is $67,233 which is $13,245 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student typeIn-stateOut-State
Tuition & Fees$10,560$14,820
Room & Board Cost$8,440$8,440
Total Tuition & Fees$19,000$23,260

At South Dakota School of Mines and Technology, the estimated tuition and fees for candidates who have enrolled in undergraduate programs are $12,925 per year. Moreover, the applicants must also pay an amount of $8,770 towards room and boarding charges. Accordingly, the overall cost for undergraduate students at the school totals about $28,135 per year, based on the available data.

Graduate Tuition and Fees

In-stateOut-State
Tuition$5,870$11,770
Fees$2,480$2,480

Cost Per Credit Hour

DegreeYearCost per Credit hour
Graduate2018 - 2019$326
Undergraduate2018 - 2019$250

The total program cost divided by the total number of credit hours of the program – also called cost per credit hour – that the student has to pay to attend South Dakota School of Mines and Technology varies for graduate and undergraduate courses. The students, who enroll for graduate courses, will have to bear a cost per credit hour of $99. Also, South Dakota School of Mines and Technology currently offers a number of online courses to students across 27 different majors.

Campus Housing Expenses

Housing & other expensesOn CampusOff Campus
Room & Board$8,440$9,360
Other Expense$4,000$4,400
Book & Supplies$2,020$2,020

As far as the housing and related charges are concerned, these expenses remain the same for both on-campus or off-campus candidates at SDSMT. To note, students have to pay $13,170 per year toward these facilities. Moreover, the candidates will have to pay about $8,770 a year toward room and boarding charges. In addition to that, the candidates will have to pay an amount of about $2,040 for books and supplies. Meanwhile, the other expenses that a student needs to plan for add up to $4,400.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$8,440

Off Campus

$9,360

Housing & Other Expenses

Other Expenses

On Campus

$4,000

Off Campus

$4,400

Housing & Other Expenses

Book & Supplies

On Campus

$2,020

Off Campus

$2,020

As far as the housing and related charges are concerned, these expenses remain the same for both on-campus or off-campus candidates at SDSMT. To note, students have to pay $13,170 per year toward these facilities. Moreover, the candidates will have to pay about $8,770 a year toward room and boarding charges. In addition to that, the candidates will have to pay an amount of about $2,040 for books and supplies. Meanwhile, the other expenses that a student needs to plan for add up to $4,400.

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree TypeTotal Average TuitionAverage Tuition Per Credit
Masters $20,156 $611

South Dakota School of Mines and Technology (SDSMT) offers 3 online programs across 2 Majors.

Projected Price for a 4 year degree

As per official data, the current projected cost for a four-year bachelor's degree, along with the living expenses, at the school is estimated to be around $140,370. To note, the total expenses for undergraduate students stood at $19,444 for 2018-2019, $18,706 for 2017-2018, and $19,577 for 2016-2017.

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