by our College Data Analytics TeamThe majority of college students don’t pay the full price for their education, as financial aid packages, including scholarships, grants, loans, and work-study opportunities, help to offset the costs.
What amount of Rasmussen University - Minnesota financial assistance will actually be available to you?Get answers to your questions here.
$5,087.00 is the typical Rasmussen University - Minnesota’s first year financial aid package. 84% of first-year students are awarded financial aid, primarily comprising loans.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Rasmussen University - Minnesota.
As well as scholarships, 59% of first-year students (67 total) got a federal grant, for about $4,748.00 per person.
The numbers plus the graph following refer to mainly federal grants, and some local and state grants.
59% of freshmen at Rasmussen University - Minnesota (67 total) received a federal grant, averaging $4,748.00.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 35.09% | $4,862.00 |
| Income 30k-48k | 14.91% | $4,189.00 |
| Income 48k-75k | 5.26% | $1,626.00 |
| Income 75k-110k | 0.88% | $416.00 |
| Income 110k + | 0.88% | $142.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
81 Rasmussen University - Minnesota undergrads obtain grant aid (this is about 84% of the entire undergraduate student population). The average amount these students receive is $5,087.00.The largest share of which are in the guise of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.