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Projected OOS Tuition for 20/21 going up to $36K

collegeisagocollegeisago 91 replies8 threads Junior Member
This does not even include department fees. It is Incredible how the U is pricing itself out! Not feeling the love.
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Replies to: Projected OOS Tuition for 20/21 going up to $36K

  • Cole2020Cole2020 36 replies0 threads Junior Member
    But are they? I agree $36,000 is ridiculous but is it different from schools like Wisconsin or Illinois. I live in Illinois and in my case Illinois obviously is cheaper. But not really for OOS. Same goes for Wisconsin. Tuition maybe a little cheaper but room and board seem to be less at Minnesota. Kind like taking less money from one hand but more from the other hand.
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  • collegeisagocollegeisago 91 replies8 threads Junior Member
    I remember looking at this school about a year and a half ago and the published OOS was around $30K. Two years ago, the rate was about $27K and 3 years ago, the rate was about $24K. By the time, an application gets submitted, a student might get priced out by the time they get admitted. You are looking at about 10% to 15% of tuition increases from year to year. It is just not sustainable. I am sure they are not getting as many OOS students as they used to.
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  • cshell2cshell2 942 replies11 threads Member
    It's still about in the middle of the Big 10 for OOS tuition rates, so really they're just catching up. Would I pay that to go there? No way. But, there are people that feel it's worth it.

    Keep in mind that they do give out a lot of National Scholarships up to 15K/year to offset the cost though.
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  • Cole2020Cole2020 36 replies0 threads Junior Member
    The 15K we got was the biggest factor on deciding on U of M. It still puts it a touch higher than Illinois. Although the Honors College benefits in my opinion makes the value, not necessarily cost, better than Illinois.
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  • NJdad07090NJdad07090 251 replies5 threads Junior Member
    Did merit aid for OOS come with the acceptance letter? TIA
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  • OneEyedWonderOneEyedWonder 9 replies0 threads New Member
    My son didn't get it with his acceptance but we were out there this weekend for accepted student day. I asked when they send out the financial packages and said they just started and everyone should receive by the end of March.
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  • Cole2020Cole2020 36 replies0 threads Junior Member
    We are getting something coming from the Office of Student Finance today. We have a letter on the portal stating how much we can pay. ($50,000 LOL). They offered $5,500 in loans. My D20 did get the $15,000 national scholarship though.
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  • NJdad07090NJdad07090 251 replies5 threads Junior Member
    Just checked the portal and found only the $5500 loan and a small 2700 work study for our son, who is OOS. I also noticed the the OOS tuition was raised a lot over 4 years and to their credit they say it will continue to go up at least 5%, I think in a 4 year period it went form 27K to 32K. SO unless merit aid shows up I do not see UMINN business school a fit for my son. Rutgers is almost 50% less when I factor in the cost of airfare several times a year. Was hoping for some merit but it seems it is not in the cards. Our EFC was about 18K so I can see how they think 50K is about right for us to pay out of pocket. Yes I know the EFC is never a given but damm can it at least be double, is that asking to much.
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  • collegeisagocollegeisago 91 replies8 threads Junior Member
    @NJdad07090 Did you not get some sort of Merit? I was able to get a small scholarship but not enough to be able to make UMN a financial option. I feel like the scholarship basically will be a wash to the 10% tuition increase. There is also the Carlson $1000 per semester fee. As much as I love the opportunity at Carlson, it is very unlikely I will be attending do the same financial reasons. I will need another $10K in merit in order to make it work. Glad to hear that you have a very nice option at Rutgers
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  • NJdad07090NJdad07090 251 replies5 threads Junior Member
    @collegeeisago According to Uminn merit will come out by the end of the month so as of now no merit, no FA. I do not expect Uminn to get to Rutgers money but I do not think it would triple the EFC either.
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