The primary responsibility for financing an education rests with the student and his or her family. Financial aid should be viewed as supplementary to these efforts.
The Expected Family Contribution (EFC) is determined by a congressionally-mandated formula used when the FAFSA is completed. It is the eligibility indicator used to calculate many financial aid need-based awards. Factors considered in the EFC include income, assets, family size, and number of family members attending college.
The Cost of Attendance includes an estimate of the total expenses on average costs to attend Metropolitan State for the Fall and Spring semesters. The Cost of Attendance includes tuition, books, supplies, and an allowance for living expenses, transportation, and personal expenses. This is not the amount students pay the University but rather an estimate of the cost to cover the above items.
Financial aid eligibility for need-based awards is calculated by taking the cost of attendance and subtracting the EFC. Need-based awards include Federal Pell Grants, the Minnesota State Grant, and subsidized Direct Loan. Non-need based awards include unsubsidized Direct Loans and other private student loans.
It is important to note that a student’s financial aid cannot exceed the cost of attendance.
(Note: The tuition, fees, room and board amounts in the tables below are averages and may not be the same as your actual charges.)
2012-2013 Cost of Attendance Information
Cost of Attendance Budgets for the 2012-13 Year
Undergraduate Students |
MN Resident |
Non-Resident |
|
Tuition and Fees (based on 15 credits per term for 2 terms per academic year) |
$ 6642 |
13226 |
|
Books and Supplies |
1500 |
1500 |
|
Living Allowance |
8520 |
8520 |
|
Personal Expenses |
6526 |
6526 |
|
Transportation |
3082 |
3082 |
|
Total |
26,270 |
32,854 |
Cost of Attendance Budgets for the 2012-13 Year
Graduate Students |
MN Resident |
Non-Resident |
|
Tuition and Fees (based on 8 credits per term for 2 terms per academic year) |
$ 5404 |
10474 |
|
Books and Supplies |
1500 |
1500 |
|
Living Allowance |
8520 |
8520 |
|
Personal Expenses |
6526 |
6526 |
|
Transportation |
3082 |
3082 |
|
Total |
25,032 |
30,102 |
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