Financial Resources


Estimated Cost of Attendance

To estimate your costs for the academic year:

  1. Visit University of Minnesota's OneStop Cost of Attendance page.
  2. Under the heading, "Your student profile," choose the following from the drop-down boxes:

    1. Academic year: Choose the academic year for which you would like to estimate your costs. Please note: Tuition rates are set at the beginning of each fiscal year, July 1, prior to the start of fall term classes.
    2. Residency: Choose which tuition rate you will be receiving. 
      1. North Dakota: For up to five slots per year in veterinary medicine, the state of North Dakota and/or student will pay an amount equal to 75% of the non-resident tuition rate. For all additional slots, the state of North Dakota and/or student will pay the non-resident tuition rate. North Dakota applicants must complete a separate application to be considered for these slots. Please contact Peggy Wipf at the North Dakota University System at for more details.
      2. South Dakota: Students from South Dakota are eligible for the Minnesota resident tuition rate.
    3. Enrollment: Choose 'Veterinary Medicine'
  3. Your estimated costs will appear below the drop-down boxes.

Please note: Veterinary students pay an additional term of tuition for the summer semester between their third and fourth academic year.

If you have any questions about determining your estimated cost of attendance, please email us at

Financial Aid

Financial aid for D.V.M. students is administered by the Office of Student Finance at the University of Minnesota. OneStop counselors can assist you with questions and concerns about financial aid, available by phone (612-624-1111), or email at You may also visit the OneStop Financial Aid Basics page for more information.

The University of Minnesota utilizes the Free Application for Federal Student Aid (FAFSA) as its needs analysis form. FAFSA forms are available after January 1 each year for the coming academic year beginning in September. The code number for the University of Minnesota is 003969. Students applying for financial aid will receive an electronic Financial Aid Award Notice (FAAN) with the details of their financial aid package in July via email. 

Residency and Reciprocity

Residency for admission purposes is determined by a residency officer in the Office of the Registrar and must be established one year prior to the application deadline in mid-September. Applicants from all other states will be considered for approximately 47 of 102 seats in the class. Citizens of other countries will be considered for admission if their pre-veterinary coursework has been taken at an accredited U.S. or Canadian college or university. International students should contact the D.V.M. Admissions Office at regarding specific application guidelines. Review the Residency, Reciprocity, and Tuition Exemption form for more details.

Residents of all states are considered for admission. Priority is given to residents of Minnesota and South Dakota. Under the Professional Student Exchange Program with North Dakota, up to five students may qualify for the Minnesota resident tuition rate. All other accepted North Dakota applicants would pay non-resident tuition. All North Dakota applicants will be evaluated in the same pool as other resident applicants. More information on this program can be found through the North Dakota University System. North Dakota students must complete a separate applicationfor program consideration.

All students from South Dakota are eligible for reciprocity. South Dakota students must complete an application for consideration. 

Application Deposit

Applicants who are offered admission and intend to enroll must make a non-refundable deposit of $500. This deposit is applied to the first semester's tuition.

CVM Scholarships

The College of Veterinary Medicine offers scholarships to students just beginning their veterinary college career and those just finishing. The College awarded approximately $470,000 in scholarships for incoming and current students in 2013. The Scholarships and Awards committee meets annually to make decisions pertaining to awards, using scholarship specific criteria that may include academic performance, interest in specific species, written essays, and more. The College also receives notice of many external scholarship opportunities which will be posted on the Scholarship Opportunities page.

Other Financial Resources

Loan Repayment Options

There are a handful of state and national loan forgiveness and loan payback assistance programs available, including the Minnesota Rural Veterinarian Loan Forgiveness ProgramPay-As-You-Earn Programs, and Income-Based Repayment Plan.

Financial Wellness

One Stop Student Services is now offering one-on-one sessions for currently enrolled students to discuss financial wellness. Counselors are available for 30 to 45 minute conversations to discuss your questions and concerns regarding financial planning and education. Topics include:

  • Student/personal loan debt management
  • Creating a spending plan
  • Understanding credit
  • Setting financial goals
  • Major life purchases such as a home or car
  • Retirement
  • Post-education life spending plans

Visit One Stop Student Services to learn more about this service and to view other money management resources such as guides for money and credit