by our College Data Analytics TeamMost students will never be charged the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Herzing University-Minneapolis can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial aid options can Herzing University - Minneapolis offer, and what will you qualify for? Keep reading for more information. Scroll down to learn just how much financial aid will be open to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. The figures below will help you estimate the aid you might receive from Herzing University-Minneapolis.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Looking at the entering class at Herzing University-Minneapolis, 99% of the incoming full-time class was awarded financial aid roughly 95 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $9,203 |
| Institutional grants & scholarships | 67% | $2,353 |
| Federal Pell grants | 67% | $6,361 |
| State/local grants | 63% | $4,600 |
| Federal student loans | 77% | $8,511 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Herzing University - Minneapolis, about 88% of undergrads got grants or scholarships worth on average $7,107 (among about 661 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $7,107 |
| Federal Pell grants | 57% | $5,128 |
| Federal student loans | 79% | $8,926 |
For on-campus title-IV students, average grant aid came to $9,493.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $13,997 |
| $30,001 – $75,000 | $13,231 |
| Over $75,000 | $20,608 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $16,670 |
| Off-campus title-IV students | $15,205 |
To project your own net price, use Herzing University - Minneapolis’s net price tool: www.herzing.edu/tuition-financial-aid/net-price-calculator.
A typical borrower at Herzing University - Minneapolis leaves with $11,756 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $11,756 |
| Median federal debt (graduates only) | $21,500 |
| Typical 10-year monthly payment (graduates) | $227.94/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at Herzing University - Minneapolis.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,466 |
| 25th percentile | $4,750 |
| 75th percentile | $23,024 |
| 90th percentile (highest-debt students) | $34,866 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $10,662 |
| Middle income | $13,130 |
| High income | $15,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,350 |
| Continuing-generation students | $14,080 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $12,018 |
The figure below distills the debt data into a single burden category for Herzing University - Minneapolis.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at Herzing University - Minneapolis:
| Metric | Value |
|---|---|
| Stafford loan recipients | 65469 |
| Total Stafford loan amount | $1,220,839,012 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 17 |
| Total GI Bill amount | $179,007 |
| Average GI Bill amount per recipient | $10,530 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 4 |
| Total DoD amount | $4,500 |
| Average DoD amount per recipient | $1,125 |
References
More about our data sources and methodologies.