Tuition at St. Thomas: Surprising Statistics & Insights

Tuition at St. Thomas is a major factor for prospective students and their families. Here's a comprehensive breakdown of the costs and what you can expect:

Undergraduate Tuition (2023-2024)

• Tuition: $39,690
• Fees: $1,900
• Total Cost: $41,590

Graduate Tuition (2023-2024)

• Tuition (Full-time): $24,950-$36,750
• Tuition (Part-time): $1,435-$2,550 per credit
• Fees (Full-time): $850
• Fees (Part-time): $25 per credit

Other Costs

In addition to tuition and fees, you may also need to budget for the following expenses:

• Housing (On-campus): $14,000-$18,000
• Housing (Off-campus): $10,000-$20,000
• Meal Plan: $3,000-$4,000
• Books and Supplies: $1,000-$2,000
• Transportation: $1,000-$2,000
• Health Insurance: $2,000-$3,000

Financial Aid

St. Thomas offers a variety of financial aid options to help students pay for their education. Over 90% of undergraduates receive some form of aid. In 2023, the average financial aid package was $25,000.

Scholarships

St. Thomas offers a wide range of scholarships to incoming and current students. These scholarships are based on merit, financial need, or a combination of factors.

Work-Study

Work-study allows students to earn money while attending school. The university offers both on-campus and off-campus work-study positions.

Loans

Loans are another option for financing your education. St. Thomas offers a variety of loan options, including federal and private loans.

Payment Plans

St. Thomas offers a variety of payment plans to help you spread out the cost of tuition and fees. You can choose to pay your bill in monthly, quarterly, or semesterly installments.

Tuition Trends

Tuition at St. Thomas has increased steadily over the past decade. According to the College Board, the average tuition and fees at private colleges have increased by over 25% since 2012.

Comparison to Other Universities

St. Thomas' tuition rates are comparable to other private universities in the Midwest. However, St. Thomas' financial aid packages are typically more generous than those offered at other universities.

Return on Investment

Investing in a college education can be a smart financial decision. According to the National Center for Education Statistics, college graduates earn more money over their lifetimes than those with only a high school diploma.

Conclusion

Tuition at St. Thomas is a major investment, but it can also be a wise one. The university offers a high-quality education and a generous financial aid package. With careful planning, you can make college affordable.

Sources

• College Board
• National Center for Education Statistics
• St. Thomas University