University of Minnesota-Rochester Tuition 2024| The College Monk

$12,016

Tuition

$26,222

Cost of Attendance

$15,469

Net Price

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University of Minnesota-Rochester Tuition and Fees

University of Minnesota-Rochester offers undergraduate programs across different fields, providing quality education to students. The expense of education here is very moderate, compared to the tuition fees charged by different colleges. As per the 2020 - 2021 official information, the average cost for the undergraduate courses offered at the university adds up to about $12,944, which includes the total tuition fees and other expenses. The housing costs $10,194, books and supplies cost $1,000, while the other expenses add up to $2,366.

Total Cost of Attendance

Student type	In-state	Out-State
Tuition & Fees	$13,352	$13,352
Book & Supplies	$1,000	$1,000
Room & Board cost	$9,710	$9,710
Other Expenses	$2,160	$2,160
Total Cost of Attendance	$26,222	$26,222

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. They must plan for several other expenses that accompany the cost of attendance such as lodging, dining, textbooks, supplies, and the cost of living, among others. The total tuition and fees for students attending University of Minnesota-Rochester come out to be around $12,944 per year. Other than that, they will need to shell out an amount of $1,000 for books and supplies, $10,194 for room and boarding charges, and $2,366 toward other expenses on average in a year. Hence, based on this information, the overall cost of attending the university adds up to around $26,504 per year.

Average Net Price by Family Income

Net Price

$15,469

Family Income

Avg. Net Price

$0 to $30,000

$7,069

$30,001 to $48,000

$8,712

$48,001 to $75,000

$13,764

$75,001 to $110,000

$20,793

$110,000+

$24,419

The net cost of attending University of Minnesota-Rochester – the actual amount that students and their families are required to pay in a given year – varies depending on the candidate's annual family income. Usually, the individuals who have a higher family income will be required to pay a higher net amount, too. So, it all essentially depends on the family income bracket of the student. At UMR, the average net price is estimated to be around $16,314. The net price for students with an annual family income below $30,000 is reported to be around $7,712. For the individuals who come under the $30,001-$48,000 income category, the net cost is $7,813. On the other hand, an estimated net cost of $11,692 is charged for the $48,001-$75,000 income bracket, $19,405 for the $75,001-$110,000 income category, and $23,969 for an annual family income more than $110,000.

Student Loans

Example Loans

$66,960

Stafford Loan Interest

4.5%

Time to Pay off Student Loan

10 years

Example monthly payment

$695

Total interest paid

$16,428

Sum of Loan Payments

$83,388

To have a realistic understanding of how much it will cost to study at University of Minnesota-Rochester here is an example one can consider to estimate the payment amounts one will incur with a student loan. Take a loan of $66,960 for example. This will result in a $8,339 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 $83,388 which is $16,428 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	$13,352	$13,352
Room & Board Cost	$9,710	$9,710
Total Tuition & Fees	$23,062	$23,062

At University of Minnesota-Rochester, the estimated tuition and fees for candidates who have enrolled in undergraduate programs are $12,944 per year. They would also be required to pay around $10,194 for their room and boarding expenses. In view of this information, the estimated total cost for undergraduate students at UMR adds up to $26,504.

Cost Per Credit Hour

Degree	Year	Cost per Credit hour
Graduate	2018 - 2019	N/A
Undergraduate	2018 - 2019	$462

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 University of Minnesota-Rochester varies for graduate and undergraduate courses. At UMR, the cost per credit hour for graduate courses is $99. Also, University of Minnesota-Rochester currently provides online programs only in a single major for students.

Campus Housing Expenses

Housing & other expenses	On Campus	Off Campus
Room & Board	$9,710	$9,710
Other Expense	$2,160	$2,160
Book & Supplies	$1,000	$1,000

Moving on to the housing and related expenses at University of Minnesota-Rochester, these charges are the same irrespective of whether the candidate decides to stay on-campus or off-campus. The students will be required to pay $12,560 per year for the same. On the other hand, the room and board charges that the students have to pay total around $10,194 per year. On the other hand, the charges toward books and supplies come to around $1,000. Apart from these, the other expenses that a candidate needs to plan for add up to around $2,366.

Campus Housing Expenses

Housing & Other Expenses

Room & Boards

On Campus

$9,710

Off Campus

$9,710

Housing & Other Expenses

Other Expenses

On Campus

$2,160

Off Campus

$2,160

Housing & Other Expenses

Book & Supplies

On Campus

$1,000

Off Campus

$1,000

Online Degree Programs, Tuition and Cost Per Credit Summary

Degree Type	Total Average Tuition	Average Tuition Per Credit
Bachelors	$53,400	$445
Undergraduate Certificate	$5,340	$445
Masters	$41,160	$980
Graduate Certificate	$235,200	$14,700

University of Minnesota-Rochester offers 47 online programs across 12 Majors.

Projected Price for a 4 year degree

The current projected cost of attending a four-year graduate course, along with the living expenses, at University of Minnesota-Rochester is around $132,331 as per official data. For undergraduate students, the total expenses added up to $16,314 in 2018-2019, $15,469 in 2017-2018, and $14,329 in 2016-2017.

Explore Programs by Major

Accounting Programs

Bachelor of Science

Tuition

Credits

Bachelor of Science in Accounting

Type: online

Total Cost : $ 53400

Cost per credit: $ 445

Total Credits: 120

University of Minnesota-Rochester Tuition and Fees

Total Cost of Attendance

Average Net Price by Family Income

Student Loans

Undergraduate 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

Explore Programs by Major

Accounting Programs

Business Management Programs

Information Technology Programs

Health Science Programs

Engineering Programs

Psychology Programs

Education Programs

Computer Science Programs

Agriculture Programs

Applied Science Programs

Arts Programs

Biology Programs

Other Colleges In Minnesota

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