Costs & Budgeting
The Medical School guarantees a fixed tuition rate, so you know exactly how much your medical degree will cost and can plan for your financial future.
For all new entering students, tuition rates are fixed and guaranteed for all four years of medical school through an innovative cost-of-degree tuition policy.
Tuition is determined in June for the Year 1 entering class, and remains set until completion of the M.D. degree.
What you can expect to pay
A guaranteed tuition rate for all 11 semesters. Rather than charging per number of credits, we charge a fixed rate: currently, $14,852/semester for residents and $22,490/semester for non-residents.
University, college, and student fees are treated as a separate component and are not fixed. Fees are listed on the Twin Cities budget table and the Duluth budget table.
Total budget
Our financial aid programs are designed to help you cover your medical school expenses and live comfortably.
To do this, we use a predetermined, standard student education budget. Only the single student cost of attendance is used.
Federal financial aid resources are intended to cover the expenses of an individual student's educational expenses only and should not be depended upon to support a household.
Tuition, fees, and estimated cost-of-living expenses
Tuition, fees, and estimated cost-of-living expenses
Adjustments
Adjustments to the student budget can be made on an individual basis to cover such items as child care, one-time computer purchase, University-sponsored student health insurance, disability-related costs, and in some cases, certain out-of-pocket medical expenses.
Proper documentation is required. For more information about budget adjustments, contact a Medical School financial aid counselor.
Current tuition rates
Residents: $14,852/semester
Non-residents: $22,490/semester
Standard budgets
Twin Cities students
Duluth students
Residency & reciprocity
Brochure
Office of Admissions website
Resident Classification Evaluation Request form
Tips
Student borrower basics
Money management
Cutting your housing costs
Saving on transportation, books, and supplies
Credit cards
Resources
Tools, scholarship databases, University offices, federal agencies, and more