Updated on May 23, 2024
Edited by Evelyn Keener
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The University of Minnesota in the Twin Cities is a public university set within a large city. The university sits right next to the Mississippi River, giving students a picturesque view west. In fact, the Carlson School of Management is located on the west side of the river—students cross a bridge to get to their classes in this building. Since students at the university are located in a large city, they will be able to leave campus and see the sights, such as the Mall of America or one of the many lakes situated nearby.

Overview of University of Minnesota–Twin Cities (UMN)

Students are able to choose campus housing if they want to be close to their classes. The student body is large, with 50,700+ students enrolled. Undergraduates make up 69% of the enrolled students; 34,400+ students are seeking their bachelor’s degrees. Graduate students at the school number closer to 36,300, or 31% of the population. Females make up 53% of the student enrollment, while males make up 47%. The student-to-faculty ratio is a little high at 17 to 1; students may need to make more of an effort to get in to see instructors if they have issues with their classes.

General Information

School Type Public
Campus Setting City: Large
Campus Housing Yes
Student Faculty Ratio 17:1
Graduation Rate 80%
Year Founded 1851

Student Enrollment

Total Students50,734


Undergraduate Student

Male 16,185
Female 18,252

Graduate Student

Male 7,660
Female 8,637

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UMN Acceptance Rate and Admissions


Male 21,094
Female 22,366


Male 10,125
Female 12,301

Acceptance Rate52%

Male 48%
Female 55%

Enrollment 6,102

Male 1,586
Female 1,647
Application Fee $55
High School GPA Considered but not required
High School Rank Considered but not required
High School Transcripts Required
College Prep Courses Required
Recommendations -
SAT/ACT Required
TOEFL (Test of English as a Foreign Language) Required
Application Deadline November 1
Common Application Accepted Yes

UMN Tuition Cost & Financial Aid

Tuition, fees, books, supplies, room/board, and other expenses bring the total cost for a recent academic year to around $28,800. In-state students pay $15,027 for tuition, while out-of-state students pay $33,325. Depending on your family income, this could easily be too expensive for students and their families to undertake.

This is where the average net price comes in. At the UofM, for a recent academic year, this was $16,691. This is lower than the sticker price quoted above because it is calculated after financial aid kicks in; this is what average student and their family have left to pay after their full financial aid package comes through.

The average net price is established by income, as outlined below.

  • Families earning up to $30,000 pay around $7,688
  • Families earning between $30,001 and $48,000 pay around $8,898
  • Families earning between $48,001 and $75,000 pay around $12,965
  • Families earning between $75,001 and $110,000 pay around $19,558
  • Families earn more than $110,001 pay around $24,720

Financial aid granted to beginning students looks like this - 5,019 students, or 81%, received this aid. Grants and scholarships were awarded to 3,852 students (63%) with an average total of $9,521; institutional grants and scholarships were awarded to 3,735 students (60%) with average awards of $6,095.

Average net price 2017-2018
Net Price $16,691
Average Total Aid $9,521
Students Receiving Financial Aid 81%
Room & Board $10,358

Sticker Price

  • Tuition In-State - $15,027
  • Tuition Out-of-State - $33,325
  • Books and Supplies - $1,000
  • Room & Board - $10,358
  • Other - $2,434


The student retention rate for freshmen at this institution is 93%; this means that most first-time students return for a second year of academic instruction. The 4-year graduation rate for those who continue to attend is 65%. There is an ongoing trend of students taking more than four years to complete their degrees, so many schools report the 6-year graduation rate as well, which is 80% at this institution.

With a 17 to 1 student faculty ratio and a student population of almost 51,000, it’s clear that the campus is a larger one. Students who have to work during the day may want to attend evening classes and, at the UofM Twin Cities campus, they can. They can also take their classes via online classes, which allows them to keep up with students who are attending face-to-face classes.

Student Population Total

Student Population 50,734

Evening Classes : Yes
Distance Learning : Yes

Most Popular Programs & Majors

(# of Diplomas Awarded by Subject)

All Social Science Majors 899 Total Graduates / 11%
Political Science and Government, General 194 Graduates
Economics, General 171 Graduates
Econometrics and Quantitative Economics 126 Graduates
Criminology 115 Graduates
Sociology 74 Graduates
All Biological & Biomedical Majors 894 Total Graduates / 11%
Biology/Biological Sciences, General 310 Graduates
Exercise Physiology 157 Graduates
Physiology, General 103 Graduates
Biochemistry 92 Graduates
Neuroscience 87 Graduates
All Engineering Majors 879 Total Graduates / 11%
Mechanical Engineering 203 Graduates
Electrical and Electronics Engineering 106 Graduates
Chemical Engineering 101 Graduates
Aerospace, Aeronautical and Astronautical/Space Engineering 85 Graduates
Computer Engineering, General 72 Graduates
All Business Majors 805 Total Graduates / 10%
Finance, General 248 Graduates
Marketing/Marketing Management, General 158 Graduates
Accounting 101 Graduates
Retailing and Retail Operations 69 Graduates
Operations Management and Supervision 63 Graduates
All Psychology Majors 544 Total Graduates / 7%
Psychology, General 477 Graduates
Developmental and Child Psychology 67 Graduates
All Computer Information Science Majors 542 Total Graduates / 7%
Computer Science 393 Graduates
Computer Systems Analysis/Analyst 103 Graduates
Computer Systems Networking and Telecommunications 46 Graduates
All Other Diplomas 43%

Outcome & Salary

The outcome and salary for graduates of the University of Minnesota is high enough that they can benefit from a solid return on investment (ROI). Their average salary is $72,000; their average early-career salary is $57,200 and their average mid-career salary rises to $104,000. As the 4-year cost of their education is an average of $66,764, you can see that what they will make after earning their degree will more than cover the cost of said education. A graduate’s 10-year salary earnings potential is $720,000 and their 20-year salary earnings potential is $1,760,000.

This makes the 10-year projected ROI $653,236 and their 20-year projected ROI as high as $1,693,236.

Students graduating high school who don’t go to college earn a national average salary of $38,792. Their 10-year projected income is $387,920 and their 20-year projected income is $775,840.

Graduates Salary
College Grads Early Career Salary $57,200
College Grads Average Salary $72,000
College Grads Mid Career Salary $104,000
Return on Investment (ROI)
10 Year Salary Earnings Potential $720,000
20 Year Salary Earnings Potential $1,760,000
Cost of Education (Net Price) 4 Year $66,764
10 Year Projected ROI $653,236
20 Year Projected ROI $1,693,236
No College Education Salary Comparison
National Average Salary $38,792
10 Year Projected Income $387,920
20 Year Projected Income $775,840

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