Can I afford it?
Almost two-thirds of full-time undergraduate students attending Minnesota State Colleges and Universities get help to pay for college. Depending on your family income and situation, you may be able to get financial aid to pay for a big part – or even all – of your college costs.
Financial Aid: What do you qualify for?
To find out what kind of financial help you can get, fill out the Free Application for Federal Student Aid, or FAFSA, form after January 1 of your senior year. you can complete the form online at www.fafsa.gov or get the form and get help filling it out from your guidance counselor. It may seem like a lot of work, but you won’t know what you qualify for unless you apply.
Four kinds of aid: Scholarships, grants, work-study, loans
Many students rely on a combination of these four types of aid to help pay for college. If you want to attend college, there is a way to do it.
As you begin college, you will need to learn important skills that will help you manage your money now and in the future. Money management covers a variety of topics, including budgeting, credit cards and credit rating, debt management, how to identify financial troubles and finding resources to help.
Average Yearly Costs*
Minnesota State Colleges and Universities
Two-Year State Colleges: $4,565
Four-Year State Universities: $6,083
This is far less than other public and private colleges and universities, where costs can range from about $9,000 up to $36,000 per year.
*Tuition figures are for Minnesota residents, based on 15 credits per semester, a full-time credit load. If you go part time, the costs will be lower. Costs are averages and subject to change.