Southwest Minnesota State University Cost & Financial Aid Information

$15,004
Average Net Price
27%
Receive Aid
32%
Pell Recipients
Affordable
Affordability

Average Net Price

The average net price at Southwest Minnesota State University is $15,004 per year after grants and scholarships are applied.

Overall Average Net Price

$15,004

Average amount students pay per year after financial aid

Net Price by Family Income

$0-30,000$9,370
$30,001-48,000$11,354
$48,001-75,000$12,523
$75,001-110,000$16,188
$110,000+$18,753

Financial Aid

Southwest Minnesota State University demonstrates strong commitment to educational accessibility, with 27% of undergraduate students receiving financial aid and 32% benefiting from federal Pell grants for demonstrated financial need.

Students Receiving Aid

27%

Of undergraduate students receive some form of financial assistance

Pell Grant Recipients

32%

Of students receive federal Pell grants for demonstrated financial need

Grants & Scholarships

Gift aid that doesn't need to be repaid

Work-Study Programs

Part-time employment opportunities on campus

Student Loans

Federal and private loan options available

Combined Sticker Price (Undergraduate)

The sticker price represents the total cost before any financial aid is applied. In-state students can expect a sticker price of $10,304 annually for tuition and fees, while out-of-state students pay $10,304. Additional costs for room, board, books, and personal expenses will vary based on your living arrangements and lifestyle choices. Commuting students pay approximately $12,704, which is 46% cheaper than on-campus living.

Tuition & Fees Comparison

Annual Tuition & Fees

In-State: $10,304

Out-of-State: $10,304

In-State Students

On Campus Living

Tuition & Fees$10,304
Room & Board$12,000
Books & Supplies$1,200
Personal Expenses$2,000

Total Estimated Cost$25,504

Off Campus Living

Tuition & Fees$10,304
Room & Board$10,000
Books & Supplies$1,200
Transportation$1,500
Personal Expenses$2,000

Total Estimated Cost$25,004

Out-of-State Students

On Campus Living

Tuition & Fees$10,304
Room & Board$12,000
Books & Supplies$1,200
Personal Expenses$2,000

Total Estimated Cost$25,504

Off Campus Living

Tuition & Fees$10,304
Room & Board$10,000
Books & Supplies$1,200
Transportation$2,000
Personal Expenses$2,000

Total Estimated Cost$25,504

Commuting Students

Students living at home and commuting to campus can significantly reduce their costs.

In-State Commuter

Tuition & Fees$10,304
Books & Supplies$1,200
Transportation$1,000
Personal Expenses$1,500

Total$14,004

Out-of-State Commuter

Tuition & Fees$10,304
Books & Supplies$1,200
Transportation$1,500
Personal Expenses$1,500

Total$14,504

Cost Analysis

Analyze how SMSU's costs have changed over time.Over the past year, Southwest Minnesota State University has increased costs by $943, representing a 6.7% increase in average net price.

Cost Trends

Previous Year

$14,061

Current Year

$15,004

Change

+$943

Affordability & Value

Southwest Minnesota State University is committed to providing accessible, high-quality education with strong return on investment.

Affordability Rating

Affordable

Based on average net price compared to national averages

Investment Value

Students receiving aid27%
Pell grant recipients32%
Student-faculty ratio15:1