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Programs : Budget Sheet

The following listing represents the Fall Budget Sheet for University of Minnesota: Madrid.

Fall Budget Sheet for University of Minnesota: Madrid
Fall Budget Sheet for University of Minnesota: Madrid
Budget Item Internal
Program Tuition *   $17,798.00
Room *   $4,395.00
Insurance *   $200.00
UST Off-Campus Study Fee *   $696.00
Billable subtotal:  $23,089.00
Other   $175.00
Additional Meals   $1,000.00
Passport/Consular Fees   $400.00
Airfare (Round-trip from MPLS)   $1,500.00
Personal Expenses   $2,500.00
Books   $50.00
Non-billable subtotal:  $5,625.00
Total: $28,714.00
Fall 2022
Updated 3/23/2022

1. Room based on homestay option (breakfast and dinner included). Student Apartment option does not include meals
2. Additional meals is for homestay option (lunches). Student Apartment option should budget $2,500
3. Passport / Consular fee includes purchase of new passport ($140), student visa consulate fee ($160), and LAC service fee ($100)
4. Other is for immunizations
5. Personal expenses includes cell phone and local travel, as well as other essential daily living expenses

Exchange Rate: 1 USD = .91 EUR
Updated: 3/23/2022

The tuition amount listed above is either your program’s tuition cost or 12-credits of St. Thomas tuition (3-credits for January Term), whichever is higher.
Your actual costs will vary from this estimate prepared by the Office of Study Abroad. Please compare this estimate to the information you obtain from your program and personalize it based on your chosen program options and personal plans. The Financial Aid Office utilizes this cost estimate when approving scholarships, grants and student loans for use on this off-campus study program.
* Billable item