Costs & Budgeting


We guarantee 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 by early 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 $12,624/semester for residents and $16,589/semester for non-residents
  • University, college, and student fees, which 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 expenses and live comfortably.

To do this, we use a predetermined, standard student education budget.

Twin Cities budget table
Tuition, fees, and estimated cost-of living expenses.

Duluth budget table
Tuition, fees, and estimated cost-of living expenses.


Adjustments to the student budget can be made on an individual basis to cover such items as off-campus study, child care, University-sponsored student health insurance, and disability-related costs.

Proper documentation is required. For more information about budget adjustments, contact a Medical School financial aid counselor.

Medical School Financial Aid Office – Twin Cities campus


B 606 Mayo Building
8:00 a.m. to 4:30 p.m.

More ways to contact us

Medical School Financial Aid Office – Duluth campus


114B SMed
Monday-Thursday: 8:00 a.m. to 3:00 p.m.
Friday: 8:00 am to noon

More ways to contact us