by our College Data Analytics TeamA lot of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Minnesota State University-Mankato can sound tremendous, but do not forget that almost all students get some type of financial help.
Just what financial assistance solutions will Minnesota State Mankato provide, and just what are you going to be eligible for? Read on for answers. Keep reading to see just how much financial aid could be open to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. The figures below will help you estimate the aid you might receive from Minnesota State University-Mankato.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
Among first-time, full-time freshmen at Minnesota State University-Mankato, 93% of first-time, full-time freshmen received some form of financial aid approximately 2205 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $5,325 |
| Institutional grants & scholarships | 64% | $2,076 |
| Federal Pell grants | 25% | $5,200 |
| State/local grants | 33% | $3,905 |
| Federal student loans | 58% | $5,496 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Here, about 57% of undergraduates were awarded an average grant or scholarship of $6,440 (covering around 7306 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 57% | $6,440 |
| Federal Pell grants | 21% | $4,807 |
| Federal student loans | 40% | $6,509 |
On-campus students receiving title-IV aid were awarded grants averaging $4,856.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,228 |
| $30,001 – $75,000 | $14,229 |
| Over $75,000 | $21,328 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $19,139 |
| Off-campus title-IV students | $18,609 |
To get a personalized net price estimate, try Minnesota State Mankato’s online cost calculator: mnsu.edu/university-life/campus-services/campushub/know-your-costs/net-price-calcuator/.
The median student at Minnesota State Mankato graduates with $14,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,000 |
| Median federal debt (graduates only) | $21,106 |
| Typical 10-year monthly payment (graduates) | $223.76/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. The four reference points below map the debt distribution at Minnesota State Mankato.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $25,250 |
| 90th percentile (highest-debt students) | $31,000 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,679 |
| Middle income | $14,000 |
| High income | $14,577 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,000 |
| Continuing-generation students | $14,250 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,228 |
| Independent students | $12,500 |
A handful of calculated indicators summarize the debt outlook at Minnesota State Mankato.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Minnesota State Mankato:
| Metric | Value |
|---|---|
| Stafford loan recipients | 45072 |
| Total Stafford loan amount | $768,664,676 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 152 |
| Total GI Bill amount | $912,866 |
| Average GI Bill amount per recipient | $6,006 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 139 |
| Total DoD amount | $459,030 |
| Average DoD amount per recipient | $3,302 |
References
More about our data sources and methodologies.