Estimated Cost Of Attendance Budgets

The Financial Aid Office recognizes that it costs more to attend college than just the direct costs for Tuition/Fees, Room/Board (if contracting with the university for housing and a meal plan), Books/Supplies and Tablet PC rental. As a result, each year we are required by the U.S. Congress to develop Estimated Cost of Attendance (ECOA) budgets that include indirect cost allowances for miscellaneous living expenses, such as for Transportation (buying gas for your car, travel home for scheduled breaks, etc.) and Personal Expenses (going out to dinner and a movie or enjoying one of the many attractions in the Black Hills that require an admission fee), that a student could incur over the course of the academic year.  Indirect costs are not money owed to the university and should be subtracted from the ECOA if the main concern is what the student could potentially owe to the university.  The exact amount of your direct costs to the university will depend on whether you are attending full or part time, living on or off campus or with your parents or a relative and whether you are a graduate or undergraduate student.

Your tuition and fee costs as a more traditional incoming freshman who will be focusing more on their required General Education (GenEd) requirements their first year are likely to be less than estimated.  However, the tuition and fee estimates may be more accurate for incoming freshman who have taken considerable AP courses and/or were dual enrolled high school students taking college courses and so may have already satisfied many of their GenEd requirements and are able to focus more on degree relative courses their first year

The ECOA Budgets are based solely on the educational expenses related to the attendance of the student. Requests for any adjustments to the ECOA Budgets for such things as dependent care expenses (for example, daycare) are made via e-mail to the Financial Aid Office staff at FinancialAid@sdsmt.edu and are reviewed and approved on a case-by-case basis and at the discretion of the Financial Aid Office professional staff.

The following ECOA Budgets are used by the School of Mines Financial Aid Office for awarding all types of Federal Student Aid (grants, loans and work-study) for the 2019-2020 academic year (August 2019 to May, 2020). Students who wish to be considered for summer Federal Student Aid must contact the Financial Aid Office. The ECOA for summer is based upon the number of summer sessions you are attending and the number of credit hours you will be enrolled in. Therefore, no attempt is made here to provide all possible scenarios for summer.

ECOA - for full time UNDERGRADUATE students
ECOA - for full time GRADUATE students

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Financial aid is new territory for many students and their parents, and can some times be complex.

Please feel free to contact the School of Mines Financial Aid Office if you have questions or need assistance on financial aid matters.