Costs, Financial Aid and Scholarships

Tuition
The figures below are for the 2007-2008 academic year.  Students in the 1st - 3rd years of the Pharm.D. program will pay the amounts below, which are based on enrollment in two semesters.  Students in the 4th year of the program must pay for an additional semester, thus increasing the annual amount by 50%.

Scholarships
Students entering the University of Minnesota College of Pharmacy are eligible to receive the following scholarships, the first three on this list are awarded at the time of admission:

• Peters' Scholarship for Future Practitioners in Underserved Communities.  Three (3) of these four-year, $5,000 scholarships are awarded to incoming students with the best & most feasible plans for practicing in medically underserved communities in Minnesota (essay on supplemental application required for eligibility). 
• Dean’s Nonresident Scholarship.  These five (5) scholarships are awarded to the best applicants who will be paying out-of-state tuition while in the Pharm.D. program.  This scholarship covers the difference between instate tuition & outstate tuition for the duration of the Pharm.D. program. 
• Peters' Academic Scholarship.  These eight (8) $5,000 scholarships are awarded to top applicants, as determined by the Admissions Committee.
• Various College of Pharmacy scholarships. After acceptance into the Pharm.D. program, students are eligible to apply for other College of Pharmacy scholarships which range from $500 - $3,000 (see scholarship list). The college awards over $350,000 in scholarships on an annual basis. To be considered for scholarships based on financial need, you must have a Free Application for Federal Student Aid (FAFSA) on file.
• Other resources to find scholarships:
• www.scholarships.com
• www.grantsnet.org

Loan Forgiveness
Students who serve in a designated rural area in Minnesota for a minimum of three years after graduation are eligible for student loan forgiveness.  Those eligible can receive approximately $13,750 per year of service, up to four years.  More information on loan forgiveness is available here:

http://www.health.state.mn.us/divs/orhpc/funding/loans/pharm.html

Information on current University-wide tuition and fees is also available.

Residency and Reciprocity
All North Dakota residents who matriculate in fall 2006 and beyond will not be eligible for instate tuition reciprocity.

Because the University is a state institution, Minnesota residents pay lower tuition than nonresidents. To qualify for resident status, students must reside in Minnesota for at least one calendar year before the first day of class attendance. The University has  reciprocity agreements with South Dakota, Wisconsin, and Manitoba. For more information, contact:

Residency and Reciprocity Office
240 Williamson Hall
231 Pillsbury Drive S.E.
Minneapolis, MN 55455
612-625-6330

or the residency office on your campus.

Financial Aid
Pharmacy students finance their education from a combination of sources, including personal or family funds, grants and scholarships, loans, and employment.

Federal, state, and institutional loans and grants are administered by the Office of Student Finance (OSF) on the Twin Cities campus and the Office of Financial Aid and Registrar on the Duluth campus. Call the finacial aid office on the appropriate campus as soon after January 1 as possible to receive the Free Application for Federal Student Aid (FAFSA). You may apply for financial aid before you are admitted to the College. For more information about types of financial aid available and the application process, contact the financial aid office and ask to speak with a health professions financial aid counselor:

Office of Student Finance - Health Sciences
University of Minnesota
Moos 2-693
308 Harvard St SE
Minneapolis, MN 55455
612-624-4138
(Walk-in hours:12:00 - 4:00 Monday, Wednesday, Thursday)

Office of Financial Aid and Registrar
21 Solon Campus Center
1049 University Drive
Duluth, MN  55812-3011
218-726-8000 or 800-232-1339
E-mail - umdhelp@d.umn.edu
Office hours:  Monday-Friday 8:00-4:30.  No appointment is necessary.

Total Annual Cost of Participation: An Estimate
Below is an itemized list of the expenses one might encounter while in a full academic year of College of Pharmacy.  Students in the fourth year of the program will pay 50% more in tuition and fees due to the extra semester.  Total amounts can vary widely among students.

*proof of another health insurance policy is required in order to waive this fee.
**approximate - actual amounts depend on one's lifestyle and priorities.