Tuition Rates Approved for 2017-18
Tuition will rise less than one percent this fall for Doctor of Veterinary Medicine students enrolled at the University of Minnesota College of Veterinary Medicine under a budget approved by the University’s Board of Regents. The increase sets tuition at $29,448 for students claiming residency in Minnesota, North Dakota, or South Dakota, and at $54,720 for all other students.
“I’m pleased we were able to increase tuition $268 for resident and $482 for nonresident students,” says Dr. Trevor Ames, dean of the college since 2007. “We have held our total tuition increase to 3.3 percent over the past five years, well below the rate of inflation.”
The college has held the line on tuition through targeted program reductions and reallocations. It also has made fundraising for scholarships a priority. This year the college awarded more than $600,000 in scholarships to students in the DVM program—the highest annual total so far.
“Despite our success in slowing the rise of tuition, the cost of our DVM degree is very high,” Ames says. “Reductions in state funding for the University of Minnesota and a lack of inflationary increases in state support for our college required significant increases in tuition in the early 2000s.” As a result, the college remains among the most expensive veterinary programs in North America, and its students graduate with significantly higher-than-average debt loads.
The college’s DVM program remains a popular choice for prospective students—attracting eight applications for every available seat, which is more than three times the national average for veterinary programs.
“Prospective students recognize the value our education provides,” Ames says. “Being part of a strong, comprehensive university in a large, urban area in the middle of a leading agricultural state makes our program attractive to students—both academically and culturally.”
Tuition rates were discussed by the University of Minnesota Board of Regents at their June meetings.