The cost of attending the University of Minnesota
The Washington Avenue Bridge tunnel connecting the East and West Bank campuses of the university.
On Friday, Feb. 12, the University of Minnesota Board of Regents announced a new free tuition program for low-income families making $50,000 or less. This announcement is a relief to many low-income families who struggle to pay for tuition. Over the past decade, tuition at the University of Minnesota increased almost 25%, according to the Minnesota Office of Higher Education. As costs increase, so has student debt. Students continue to grapple with getting a quality education and paying for all the expenses of college.
How much does it cost to attend the University of Minnesota?
According to One Stop Student Services, the cost of attending the University is almost $20,000 more for nonresidents (students from out of state) living on campus than residents (students from Minnesota) for the 2020-2021 academic year. Below is a full breakdown of the cost of attendance.
Breaking down the total cost of attendance
The total cost of attending the University includes many factors, such as tuition/fees, room/board, and transportation. Some things cost more for students who live out of state rather than in the state. The cost of transportation is $1,500 more. The cost of tuition/fees is $18,298 more.
Tips for financial success
One Stop Student Services located in Bruininks Hall in Minneapolis, Minn.
According to One Stop Student Services, students should budget, set up banking accounts, and build good credit to ensure they in good financial standing. University students can meet one-on-one with a financial wellness counselor for help with financial literacy by scheduling a virtual appointment. For more information on financial tips, visit the One Stop website.
Tips for saving at the U
Goldy Gopher statute near Coffman Memorial Union in Minneapolis, Minn.
Saving on transportation
Purchase the U-Pass. The U-Pass is a discounted bus pass that can take you anywhere in the metro area. The pass cost $114 a semester. Students can save up to 71% on bus fare by using this pass. To purchase the pass, visit the University of Minnesota Parking and Transportation Services website.
Saving on fresh produce
One out of five students run out of food before they can afford to buy more, according to Boyton Health, a health care service for the university community. The Nutritious U Pantry offers fresh produce and healthy foods to students twice a month at no cost. Due to the coronavirus, students must request a bag of food and then pick it up at the pantry, located on the first floor of Coffman Memorial Union. For more information on the pantry, visit the Nutritious U Food Pantry website.