Southwest Minnesota State University: Tuition & Loans

Overall Rating:Overall Ranking - Very GoodQuality:Education Quality Rating - OustandingSafety:Capmus Safety Rating - Below AverageCosts:Tuition & Fees Cost Rating - Oustanding
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Tuition and fees per year
$8,500
Low
Average tuition at Southwest Minnesota State University low - about $7,300 per academic year. The additional fees at Southwest Minnesota State University beyond tuition are approximately $1,200; this comes to a total of $8,500 a year.

The chart below shows Southwest Minnesota State University tuition costs and additional fees compared to the competing and nearby colleges:

Anunual Tuition and Fees in Southwest Minnesota State University and Competing Colleges

Southwest Minnesota State University Tuition Comparison Chart

Books and Supplies

The average cost of books and additional supplies required to study at Southwest Minnesota State University is $1,200 a year, which is a reasonable price if compared to other colleges in Minnesota.

FAFSA Application

FAFSA Code
2017-2018
002375
If you plan to file your FAFSA application for Federal Student Aid, the college code for Southwest Minnesota State University is 002375. Please verify this code before using it with your FAFSA application.

Federal Student Aid is an office of the US Department of Education, which provides financial aid to eligible students. To meet minimum eligibility requirements you will need to have a valid Social Security number and high school diploma or GED certificate.

Repaying Your School Loans

Repayment
Failure Rate
6%
Low
The government reported that the median federal student loan amount for Southwest Minnesota State University is approximately $6,500.

At the same time, 5.6% of the recent Southwest Minnesota State University graduates have failed to maintain their federal student loan repayments. This rate of loan repayment defaults (5.6%) is low and might lead to a conclusion that Southwest Minnesota State University graduates have very good career perspectives.

Learn More About Southwest Minnesota State University

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