Twin Cities Student Budget

2023-2024

University of Minnesota Medical Student Budget

Resident

  Year 1 (10 months +) Year 2
Fall/Spring Summer Fall/Spring Summer
Tuition & Est Average Fees* $30,404 $14,565 $29,626 $14,251
Books, Course Materials, Supplies, & Equipment $1,500 $250 $500 $250
Food & Housing** $15,200 $3,800 $15,200 $7,600
Transportation $4,000 $1,000 $4,000 $2,000
Loan Fees $672 $388 $672 $388
Professional License/Exam $350 $0 $1,010 $0
Personal/ Miscellaneous $3,376 $844 $3,376 $1,688
Total: $55,502 $20,847 $54,384 $26,177
  Year 3 Year 4
Fall/Spring Summer Fall/Spring
Tuition & Est Average Fees*  $29,010  $13,943 $28,474
Books, Course Materials, Supplies, & Equipment $500 $250 $500
Food & Housing** $15,200 $7,600 $15,200
Transportation $4,000 $2,000 $4,000
Loan Fees $672 $388 $672
Professional License/Exam $660 $0 $1,500
Personal/ Miscellaneous $3,376 $1,688 $3,376
Total: $53,418  $25,869  $53,722

+ Student is responsible for living costs for July and August.
* Estimated Average Fees include $508 Student Services Fee, $110 Collegiate Fee, one-time Academic Records Fee for Year 1 students, Disability Insurance, and Misc. Fees [plus any required MS1 or MS2 Course Fees] for Fall and Spring semesters. Fees are less in Summer semester.
** Food & Housing figures for students living off campus, not with parents.  May be reduced for living with parents or on campus. Food & Housing based on off-campus: 1 bed/1 bath average rent of $1,311/month and equivalent unlimited campus meal plan ($589/month). Food & Housing ($1900/mo.) and Personal/Misc. ($422/mo.) based on 8 mos. Fall & Spring semesters and 4 mos. Summer MS2 & MS3; and 2 mos. Summer MS1.
*** Student Health Insurance of $1,795 per Fall and Spring semesters is not included in cost of attendance as 60% of MED students have the fee waived.

2023-2024

University of Minnesota Medical Student Budget

Non-resident

  Year 1 (10 months +) Year 2
Fall/Spring Summer Fall/Spring Summer
Tuition & Est Average Fees* $44,668 $21,697 $43,070 $20,973
Books, Course Materials, Supplies, & Equipment $1,500 $250 $500 $250
Food & Housing** $15,200 $3,800 $15,200 $7,600
Transportation $4,000 $1,000 $4,000 $2,000
Loan Fees $672 $388 $672 $388
Professional License/Exam $350 $0 $1,010 $0
Personal/ Miscellaneous $3,376 $844 $3,376 $1,688
Total: $69,766 $27,979 $67,828 $32,899
  Year 3 Year 4
Fall/Spring Summer Fall/Spring
Tuition & Est Average Fees*  $41,670  $20,273 $40,132
Books, Course Materials, Supplies, & Equipment $500 $250 $500
Food & Housing** $15,200 $7,600 $15,200
Transportation $4,000 $2,000 $4,000
Loan Fees $672 $388 $672
Professional License/Exam $660 $0 $1,500
Personal/ Miscellaneous $3,376 $1,688 $3,376
Total: $66,078 $32,199 $65,380

+ Student is responsible for living costs for July and August.
* Estimated Average Fees include $508 Student Services Fee, $110 Collegiate Fee, one-time Academic Records Fee for Year 1 students, Disability Insurance, and Misc. Fees [plus any required MS1 or MS2 Course Fees] for Fall and Spring semesters. Fees are less in Summer semester.
** Food & Housing figures for students living off campus, not with parents.  May be reduced for living with parents or on campus. Food & Housing based on off-campus: 1 bed/1 bath average rent of $1,311/month and equivalent unlimited campus meal plan ($589/month). Food & Housing ($1900/mo.) and Personal/Misc. ($422/mo.) based on 8 mos. Fall & Spring semesters and 4 mos. Summer MS2 & MS3; and 2 mos. Summer MS1.
*** Student Health Insurance of $1,795 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.Â