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Southwest Minnesota State University Tuition and Fees

Located in Marshall, Minnesota, Southwest Minnesota State University is a public university. Around 91% of the students are 24 and under at Southwest Minnesota State University. At SMSU around 83% are white, 5% belong to Hispanic ethnicity, and 3% belong to two or more races. And, when it comes to gender distribution at the varsity, around 60% of the students are females and 40% are males. Isiah Whitlock Jr., Marty Seifert, Alvin Ashley, and Bill Northey are some of the well-known alumni of t

$7,496

Tuition

$20,984

Cost of Attendance

$14,604

Net Price

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Southwest Minnesota State University Tuition and Fees

Southwest Minnesota State University is a prominent educational institution known for offering a range of undergraduate and postgraduate programs in a wide assortment of streams, providing quality training to students. The tuition fees charged at SMSU is quite low 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 Southwest Minnesota State University comes to around $8,874, which includes tuition and other expenses as well. While housing costs $8,278, the charges for books and supplies and other expenses stand at $1,200 and $2,930, respectively.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$8,612	$8,612
Book & Supplies	$1,200	$1,200
Room & Board cost	$8,016	$8,016
Other Expenses	$3,156	$3,156
Total Cost of Attendance	$20,984	$20,984

As for the cost of attending the university, students should understand that the tuition forms only a portion of the expenses that are involved in the overall cost of attendance. There are several other expenses that are involved in the cost of attending the university, which primarily includes housing, dining, textbooks, supplies, and the cost of living. What's more, at Southwest Minnesota State University, the total tuition and fees for the enrolled students come out to be around $8,874 in a year. Apart from that, they should also pay an average amount of $1,200 toward books and supplies, $8,278 for room and boarding charges, and $2,930 toward other expenses in a year. Hence, based on this information, the overall cost of attending the university adds up to around $21,282 per year.

Average Net Price by Family Income

Net Price

$14,604

Family Income

Avg. Net Price

$0 to $30,000

$11,082

$30,001 to $48,000

$11,858

$48,001 to $75,000

$13,826

$75,001 to $110,000

$17,205

$110,000+

$17,784

The net price of attending Southwest Minnesota State University 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. Usually, the individuals who have a higher family income will be required to pay a higher net amount, too. While the actual net cost is subject to one’s family income bracket, the average net price is estimated to be $14,658 at SMSU. For students with a family income below $30,000, the estimated net price is $10,801, while for the individuals who fall in the $30,001-$48,000 income bracket, the net cost is $11,410. Meanwhile, the net price stands at $13,988 for the $48,001-$75,000 income bracket and at $18,005 for an income between $75,001 and $110,000. This amount adds up to $17,797 for students whose annual family income is more than $110,000.

Student Loans

Example Loans

$47,392

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$492

Total interest paid

$11,627

Sum of Loan Payments

$59,019

To have a realistic understanding of how much it will cost to study at Southwest Minnesota State University here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $47,392 for example. This will result in a $5,902 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 $59,019 which is $11,627 in addition to the principal amount, which constitutes the interest payment made throughout the life of the loan.

Undergraduate Tuition and Fees

Student type	In-state	Out-State
Tuition & Fees	$8,612	$8,612
Room & Board Cost	$8,016	$8,016
Total Tuition & Fees	$16,628	$16,628

For students pursuing undergraduate courses at Southwest Minnesota State University, the tuition and fees are estimated to be $8,874 per year. Moreover, the applicants must also pay an amount of $8,278 towards room and boarding charges. In this way, for one year, the total cost for undergraduate students comes to around $21,282.

Graduate Tuition and Fees

	In-state	Out-State
Tuition	$7,164	$7,164
Fees	$792	$792

As for the students looking to enroll in postgraduate programs at SMSU, the tuition and fees they are charged add up to $8,190 per year. Of this amount, $7,374 accounts for the graduate tuition and the remaining $816 for the graduation fees.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	$442
Undergraduate	2018 - 2019	$243

The graduate and undergraduate courses have a varying cost per credit hour – which is the total program cost divided by the total number of credit hours of the program – that the student has to pay to attend SMSU. As per the 2019-2020 fee structure, the cost per credit hour for graduate courses is $136 and for undergraduate courses, it stands at $68.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$8,016	$8,016
Other Expense	$3,156	$3,156
Book & Supplies	$1,200	$1,200

As far as the housing and related charges are concerned, these expenses remain the same for both on-campus or off-campus candidates at SMSU. To note, students have to pay $11,208 per year toward these facilities. On the other hand, the room and board charges that the students have to pay total around $8,278 per year. Coming to the books and supplies charges, the students will be required to pay an amount of $1,200. Furthermore, the other expenses that the students should plan for come to around $2,930.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$8,016

Off Campus

$8,016

Housing & Other Expenses

Other Expenses

On Campus

$3,156

Off Campus

$3,156

Housing & Other Expenses

Book & Supplies

On Campus

$1,200

Off Campus

$1,200

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree Type	Total Average Tuition	Average Tuition Per Credit
Masters	NA	NA
Bachelors	NA	NA
Certificate	NA	NA
Certificate	NA	NA

Southwest Minnesota State University offers 18 online programs across 5 Majors.

Projected Price for a 4 year degree

A four-year undergraduate course as well as living expenses at SMSU are projected to cost around $106,860 as per official data. For undergraduate students, the total expenses added up to $14,658 in 2018-2019, $14,604 in 2017-2018, and $14,854 in 2016-2017.

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Master of Business Administration

Type: online

Total Credits: 36

Southwest Minnesota State University Tuition and Fees

Total Cost of Attendance

Average Net Price by Family Income

Student Loans

Undergraduate Tuition and Fees

Graduate Tuition and Fees

Cost Per Credit Hour

Campus Housing Expenses

Campus Housing Expenses

Online Degree Programs, Tuition and Cost Per Credit Summary

Projected Price for a 4 year degree

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