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Twin Cities Student Budget

Twin Cities

2020-21 Medical Student Budget

Year 1
(10 months +)		 Resident Non-resident
Fall/Spring Summer Fall/Spring Summer
Tuition $26,794 $13,397 $38,452 $19,226
Estimated Average Fees * $1,708 $234 $1,708 $234
Books and Supplies $1,000 $500 $1,000 $500
Room and Board ** $15,002 $3,750 $15,002 $3,750
Transportation $2,000 $500 $2,000 $500
Disability Insurance *** $88 $0 $88 $0
Loan Fees $568 $331 $568 $331
Personal/Miscellaneous $2,000 $500 $2,000 $500
Total: $49,160 $19,212 $60,818 $25,041
Year 2 Resident Non-resident
Fall/Spring Summer Fall/Spring Summer
Tuition  $26,268  $13,134  $37,698  $18,849
Estimated Average Fees * $1,494 $224 $1,494 $224
Books and Supplies $1,000 $500 $1,000 $500
Room and Board ** $15,002 $7,501 $15,002 $7,501
Transportation $2,000 $1,300 $2,000 $1,300
Disability Insurance *** $88 $0 $88 $0
Loan Fees $568 $331 $568 $331
Personal/Miscellaneous $2,000 $1,000 $2,000 $1,000
Total: $48,420  $23,990  $59,850 $29,705
Year 3 Resident Non-resident
Fall/Spring Summer Fall/Spring Summer
Tuition  $25,752  $12,876 $36,958 $18,479
Estimated Average Fees * $1,454 $224 $1,454 $224
Books and Supplies $1,000 $500 $1,000 $500
Room and Board ** $15,002 $7,501 $15,002 $7,501
Transportation $2,600 $1,300 $2,600 $1,300
Disability Insurance *** $88 $0 $88 $0
Loan Fees $568 $331 $568 $331
Personal/Miscellaneous $2,000 $1,000 $2,000 $1,000
Total: $48,464  $23,732 $59,670 $29,335
Year 4 Resident Non-resident
Fall/Spring Summer Fall/Spring Summer
Tuition  $25,248   $35,198  
Estimated Average Fees * $1,454   $1,454  
Books and Supplies $1,000   $1,000  
Room and Board ** $15,002   $15,002  
Transportation $2,600   $2,600  
Disability Insurance *** $88   $88  
Loan Fees $568   $568  
Personal/Miscellaneous $2,000   $2,000  
Total: $47,960   $57,910  

+ Student is responsible for living costs for July and August.
* Estimated Average Fees include $454 Student Services Fee, $150 Collegiate Fee, one-time Academic Records Fee for Year 1 students, and Misc. Fees [plus any required MS1 or MS2 Course Fees] for Fall and Spring semesters. Fees are less in Summer semester.
** Room and Board figures for students living off campus, not with parents. May be reduced for living with parents or on campus. Room and Board based on: 1 bed/1 bath average rent of $1,273/month and USDA food guidelines of $394/month.
*** Student Health Insurance of $1,272 per Fall and Spring semesters is not included in cost of attendance as 60% of MED students have the fee waived.

Note: Medical students from South Dakota are able to apply for tuition reciprocity. Students from Canada and other countries are considered non-residents. Learn more from the Office of Admissions website.

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