Average Annual Tuition at Mitchell Technical College
The latest data we have for Mitchell Technical College's annual average net costs are from 2019. These costs and and the average South Dakota schools include tuition, fees, living expenses, books, and fees minus the average grants and scholarships for federal financial aid recipients.
|In-state Tuition||Out-of-state Tuition||Median Debt||Avgerate Net Cost|
|Mitchell Technical College||$6,944||$6,944||$12,000||$12,725|
As you can see, annual costs at Mitchell Technical College have risen over the last few years, and are projected to continue to skyrocket based on our analysis.
Actual Costs Projected Costs
Colleges and universities across the United States experienced cost (tuition + living) increases of 2.5% in 2019. This most recent inflation figure was down slightly from the 2.9 percent in 2018 and 3.4 percent in 2017, but still underscores the rising costs of sending your children to higher education.
These rising costs are hitting closer to home in South Dakota as well. South Dakota's' higher education costs rose by 34.5% in just the last 10 years, ranking as the 27th highest state.
Mitchell Technical College Financial Assistance
55% of students enrolled at Mitchell Technical College receive some form of Federal loan assistance. You can view Mitchell Technical College's student aid calculator here.
Use a 529 Plan to Offset Rising Education Costs
One of the most sound investments you can make to help pay for your child's higher education is by using a 529 plan. These funds grow in a tax-free environment, and generally have a 3-5% rate of return. The only catch is that all funds need to be used for higher education, and if not... there are monetary penalties imposed when withdrawn for other uses.
The South Dakota College Access 529 savings programs are managed by Allianz Global Investors and feature age-based and static options using mutual funds from a variety of fund families. The advisor-sold 529 plan is sold nationally while a direct-sold plan with fewer investment choices is available only to South Dakota residents.
|State Plan Name:||College Access 529|
|Maximum Contribution:||up to $350,000 per designated beneficiary|
|Fees:||There is a annual account maintenance fee of up to $20 payable of installments of $5 on the last business day of each calendar quarter. Beyond that, there are program management fees up to 0.25%; Servicing and administrative fees up to 0.35%; distribution fees up to 0.75%|
South Dakota School Statistics
We've analyzed all other higher education schools in SD, and wrapped it up nicely into a report for you. View our SD analysis report.
There are 4 other accredited public schools located in the state of South Dakota. You can view all SD schools here.
Last updated 2022-04-02 13:39:51.