97%
of all first-time, first-year students receive a St. Thomas scholarship, which you can use to pay any of your costs of attendance at St. Thomas
Undergraduate Financial Aid
If you are looking for information on loan forgiveness, debt relief and payment pause click below.
St. Thomas is a best value in education
When it comes to academic quality, U.S. News & World Report ranks St. Thomas a top value in Minnesota, and one of the best values in the nation. In addition to providing an extraordinary education, we also make it attainable financially by offering each student up to $33,000 in merit-based scholarships per year. Need-based aid is available too. If you dream of becoming a Tommie, we want you to be part of our community and will do all we can to help you make it happen. And, when you graduate from St. Thomas you will be ready for success - 97% of Tommies are employed or in graduate school within six months of graduation.
A St. Thomas Education is Within Reach
$2,528
is the average cost of tuition and fees per year for students in the Class of 2025 whose family have an adjusted gross income of under $50,000 a year and use their St. Thomas scholarship to pay tuition and fees
$23,068
is the average cost of tuition per year (after merit aid) for students in the Class of 2025 who use their St. Thomas scholarship to pay tuition
We'll Help You Figure Out the Cost of College
Personalized Support
You are assigned one financial aid counselor to help you the entire time you're a Tommie. They will guide you through the process and are always available to answer your questions.
Cost Information
We'll help you understand costs of college and the many ways to lower them.
Net Price Calculator
This helpful tool will provide an estimate of your financial aid and net cost.
Scholarships
St. Thomas offers many scholarships to support your education, including several full-tuition scholarships. Full-tuition scholarships include the Dease Scholarship Program, GHR Fellows Program, Schulze Innovation Scholarship and Science, Mathematics and Engineering Scholarship. There are plenty of opportunities for both future students and students currently attending St. Thomas.
St. Thomas Commitments
- All first-time, first-year students admitted to St. Thomas are automatically considered for a St. Thomas scholarship — 97% receive one. Outside aid does do not reduce the St. Thomas scholarship for most students.
- The amount of your St. Thomas merit-based scholarship awards will not be reduced during your undergraduate program (for up to eight semesters) as long as you are consecutively enrolled as a full-time, degree-seeking student making Satisfactory Academic Progress, and the aid you receive from St. Thomas and outside sources does not exceed your cost of attendance.
- If your family experiences a substantial change in financial circumstances, we will reevaluate your aid package and provide additional financial resources if you qualify. Your financial aid counselor will help you navigate next steps.
Types of Financial Aid
The scholarships awarded by St. Thomas are just the beginning. Outside aid and St. Thomas need-based grants can help cut your costs even more. Find some of the many ways you can help pay for college.
| Scholarships | They’re the biggest way to drive down costs. And we have a lot of them. In fact, 97% of students receive one (or more). | View Scholarships |
|---|---|---|
| Grants | These are need-based funds that you never have to pay back. (You will need to submit the FAFSA or MN Dream Act each year.) | View Grants |
| Loans | You can borrow money and defer repayment until after graduation; often the best option for covering the gap in your bill. | View Loans |
| Student Employment | All students have the opportunity to work on campus, earning money to offset expenses, gaining valuable work experience, and helping the university deliver necessary services. | View Student Employment |
| Tuition Remission | Some organizations offer tuition remission benefits to their employees and dependents; these benefits help pay for the cost of college. | More about Tuition Remission Programs |
| Military Benefits | Veterans, veterans' spouses and dependents, and ROTC members may be entitled to benefits from a variety of programs to assist with educational expenses. More information about these programs is available in the link to the right. | View Military Benefits |
| Tax Benefits | Several federal tax benefits are available to help pay for post-secondary education. These include tax credits, tax deductions and exclusions from gross income. | View Tax Benefits |
| J-Term and Summer Term | Summer session and January term (J-term) courses are offered at a 50% tuition discount. Students are still encouraged to apply for financial aid specific to Summer and J-term. | View J-Term and Summer Term Financial Aid |
| Study Abroad | Financial aid is available for study abroad programs approved by the St. Thomas Office of Study Abroad. | View Study Abroad Financial Aid |
| Outside Aid | When calculating your financial aid package, St. Thomas must consider all scholarships, grants, and education-related benefits you receive from sources other than St. Thomas. If you receive any outside aid, please report it in the financial aid award section of Murphy Online. | Report Outside Aid |
Important Financial Aid Details
Consumer Information: Required disclosures for prospective and current students required by the Higher Education Act and Reporting Student Concerns.
FAFSA and MN Dream Act
Anyone applying for need-based aid needs to submit the Free Application for Federal Student Aid (FAFSA) or the MN Dream Act, and we can help with that.
Resources
Your one-stop-shop for the forms, timelines and links to help you through the financial aid process.
Policies
Financial aid is all about the details. And here are the details about how we administer financial aid. It can get complicated, so let us know if you have questions.
Decided on St. Thomas?
The process isn’t over once you’ve submitted your confirming deposit. There are a few things you still have to do on the financial aid side of things before you get here this fall. Use our Financial Aid Checklist to help you through the steps.