Twin Cities Student Budget

Twin Cities

2018-19 Medical Student Budget

Year 1
(10.5 months[a])
Resident Non-resident
Fall/Spring Summer Fall/Spring Summer
Tuition $25,752 $12,876 $36,958 $18,479
Estimated Average Fees[b] 1,482 219 1,482 219
Books and Supplies 1,000 500 1,000 500
Room and Board[c] 13,778 3,445 13,778 3,445
Transportation 2,000 500 2,000 500
Disability Insurance[d] 88 0 88 0
Loan Fees 512 294 512 294
Personal/Miscellaneous 2,000 500 2,000 500
Total: $46,612 $18,334 $57,818 $23,937
Year 2 Resident Non-resident
Fall/Spring Summer Fall/Spring Summer
Tuition  $25,248  $12,624  $35,198  $17,599
Estimated Average Fees[b]  1,482  219  1,482  219
Books and Supplies  1,000  500  1,000  500
Room and Board[c]  13,778  6,889  13,778  6,889
Transportation  2,000  1,300  2,000  1,300
Disability Insurance[d]  88  0  88  0
Loan Fees  512  294  512  294
Personal/Miscellaneous  2,000  1,000  2,000  1,000
Total:  $46,108  $22,826  $56,058  $27,801
Year 3 Resident Non-resident
Fall/Spring Summer Fall/Spring Summer
Tuition  $25,248  $12,624  $35,198  $17,599
Estimated Average Fees[b]  1,482  219  1,482  219
Books and Supplies  1,000  500  1,000  500
Room and Board[c]  13,778  6,889  13,778  6,889
Transportation  2,600  1,300   2,600   1,300
Disability Insurance[d]  88  0   88  0
Loan Fees  512  294  512 294
Personal/Miscellaneous  2,000  1,000  2,000  1,000
Total:  $46,708  $22,826  $56,658  $27,801
Year 4 Resident Non-resident
Fall/Spring Summer Fall/Spring Summer
Tuition  $25,248    $34,340  
Estimated Average Fees[b]  1,482    1,482  
Books and Supplies  1,000    1,000  
Room and Board[c]  13,778    13,778  
Transportation  2,600    2,600  
Disability Insurance[d]  88    88  
Loan Fees  512   512  
Personal/Miscellaneous  2,000    2,000  
Total:  $46,708    $55,800  

[a] Student is responsible for living costs for July and August.
[b] Estimated Average Fees include $443 Student Services Fee, $175 Collegiate Fee, and $123 Misc. Fees for Fall and Spring semesters. Fees are less in Summer semester.
[c] Room and Board figures for students living off campus, not with parents. Will be reduced for living with parents or on campus. Room and Board based on: 1 bed/1 bath average rent of $1,276/month and USDA food guidelines of $255/month.
[d] Student Health Insurance of $1,116 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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