Looking for Additional Payment or Financing Options?

Your financial aid award notification lists any SD Mines Scholarships and Federal Student Aid for which you qualify. If you are looking for additional options to help pay your bill, here are some possibilities to consider that have been utilized by SD Mines students. Of course individual students’ circumstances are different, so each student and family will make a financial decision that works best for them.

  • Federal Parent PLUS Loan – This is a federal loan borrowed by a parent. The parent must not have adverse credit, as determined by a credit check. SD Mines utilizes the Parent PLUS Loan Information Form for parents to apply for a PLUS Loan. If the credit check determines that the parent is denied a PLUS Loan due to adverse credit, the student may borrow an additional Direct Unsubsidized Loan (additional $4,000 per year for freshmen and sophomores; additional $5,000 per year for juniors and seniors). The Federal Student Aid website has more detailed information about the Parent PLUS Loan program. A student must meet federal financial aid eligibility criteria in order to receive PLUS Loan funds.
  • Private Student Loans – A student may choose to apply for a private student loan through a lender. Typically, a student must obtain a credit-worthy co-signer in order to qualify for a private student loan. A student may choose to first talk to his or her own bank to see if they offer a private student loan program. SD Mines also provides a lender list to provide assistance in comparing lenders and loan programs. Students are free to choose any lender they wish.
  • Payment Plan – SD Mines offers a semester-based payment plan, which allows students to divide their remaining balance into 3 or 4 monthly payments throughout the semester. The payment plan has a participation cost of $40 per semester.
  • Outside Scholarships – Students may have been awarded scholarships from outside agencies to assist with college expenses. Please complete the Outside Financial Assistance Form to notify the Financial Aid Office of any outside scholarships you will be receiving. The SD Mines Scholarships website has further information, including a list of STEM outside scholarships for which you may be eligible to apply.
  • Personal Savings/Earnings From Employment
  • College Savings/529 Funds
  • Military or Veterans’ Education Benefits
  • Home Equity Loans/Lines of Credit
  • Other Personal Bank Financing

SD Mines Estimated Costs 2019-2020 Academic Year

  • Includes estimated amounts for tuition (15 credits per semester), fees, average cost of campus-controlled housing, meal plan, tablet PC rental, and allowance for books.
  • Payable on a per semester basis; student bills are due in September for fall semester and in January for spring semester.
 SD Resident*
MN Reciprocity 


Books/Supplies/Tablet PC
Estimated Total Cost

*Beginning with fall 2019, new or new transfer students from the following states are eligible for the SD Resident tuition rate: Colorado, Iowa, Nebraska, North Dakota, Montana and Wyoming.  Students from states other than South Dakota, Minnesota (if the MN Reciprocity rate is the same as SD Resident rate) and those listed earlier who have at least one parent or legal guardian who is a graduate of SD Mines is also eligible for the SD Resident tuition rate; this is commonly referred to as the Hardrocker Heritage Award.