Minnesota State University-Mankato Cost & Financial Aid
Affordability Summary
Despite a high sticker price, this school is affordable for many families due to generous need-based aid. Strong support for lower-income students.
Cost Calculator
What You'll Pay at Minnesota State University-Mankato
Select your family income to see your estimated cost
The Cost Formula
Tuition
$19K
+
Room
$12K
+
Books
$800
=
Sticker Price
$23,995
$19K+$12K+$800=$23,995
Your Family Income
Sticker
$23,995
−
Your Aid
$8,858
=
Net Price
$15,137
All Income Levels
Net prices are averages and may vary. Based on federal data for first-time, full-time students receiving aid.
Minnesota State University-Mankato Cost of Attendance and Financial Aid Summary
Cost Category
Amount
Total Cost of Attendance (Sticker Price)
$23,995
Tuition and Fees
$18,942
Room and Board
$12,420
Books and Supplies
$800
Average Financial Aid (Grants and Scholarships)
-$4,856
Average Net Price (What Families Pay)
$19,139
Minnesota State University-Mankato Net Price by Family Income Level
Family Income
Net Price
$0–30k
$12,339
$30–48k
$12,750
$48–75k
$15,137
$75–110k
$18,921
$110k+
$22,798
Understanding Your Aid Package
Minnesota State University-Mankato has a sticker price of $23,995 per year, but most students pay significantly less after financial aid. The actual cost depends heavily on your family's income level.
Key Facts
Sticker price: $23,995/year
Average aid: $4,856 in grants & scholarships
~$15,137/year
Student Debt & Repayment
How much students borrow and whether debt is manageable given outcomes.
Typical Debt
Median Student Debt$21,106
Range (25th–75th)$5,500 – $25,250
Median Parent PLUS Loans$13,695
Debt Manageability
0.33x
Debt-to-Earnings Ratio
Debt is well below typical first-year earnings — generally considered very manageable.
3-Year Default Rate0.0%
Return on Investment
How cost compares to graduate earnings and value added.
Median Earnings (10yr)
$56,922
Earnings Growth
+14%
6 → 10 years post-graduation
Value Added
+$2,970
70th percentile among peers
Earnings Range (10yr post-graduation)
$40,047
25th %ile
$77,949
75th %ile
Frequently Asked Questions about Minnesota State University-Mankato Cost & Financial Aid
Minnesota State University-Mankato's published tuition is $23,995 per year. However, after financial aid, the average student pays $15,137—a difference of $8,858.
Families earning under $30,000 pay an average net price of $12,339 at Minnesota State University-Mankato. 21% of students receive Pell Grants.
Minnesota State University-Mankato offers merit-based scholarships for academic achievement, in addition to need-based financial aid. Contact the financial aid office for specific scholarship opportunities.
The median debt for Minnesota graduates is $21,106, resulting in estimated monthly payments of $224 over 10 years.
Even families earning over $110,000 pay an average net price of $22,798 at Minnesota—still $1,197 less than the sticker price. Most families qualify for some form of aid.
