by our College Data Analytics TeamMany students will not be asked to pay 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 price tag of going to Rasmussen University-Minnesota can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial assistance options will Rasmussen University - Minnesota offer, and what will you qualify for? Read on for more information. Read on to discover just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The information provided on this page can help you determine how much aid you may receive from Rasmussen University-Minnesota.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at Rasmussen University-Minnesota, 94% of new full-time first-years were awarded at least some aid some 286 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $7,634 |
| Institutional grants & scholarships | 24% | $1,369 |
| Federal Pell grants | 78% | $7,167 |
| State/local grants | 18% | $1,980 |
| Federal student loans | 82% | $8,567 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Rasmussen University - Minnesota, some 81% of undergraduate students received gift aid averaging $6,872 (across approximately 6906 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $6,872 |
| Federal Pell grants | 60% | $6,275 |
| Federal student loans | 69% | $9,036 |
Title-IV recipients living on campus saw average grant aid of $7,259.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,259 |
| $30,001 – $75,000 | $19,544 |
| Over $75,000 | $21,526 |
Remember these are net prices — what families pay after gift aid, not before.
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 | $17,962 |
| Off-campus title-IV students | $19,071 |
For a customized cost estimate, visit Rasmussen University - Minnesota’s NPC: npc.collegeboard.org/app/rasmussen.
The median student at Rasmussen University - Minnesota graduates with $13,000 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $13,000 |
| Median federal debt (graduates only) | $20,899 |
| Typical 10-year monthly payment (graduates) | $221.56/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. Use the percentiles below to see the debt range at Rasmussen University - Minnesota.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,900 |
| 25th percentile | $3,668 |
| 75th percentile | $19,987 |
| 90th percentile (highest-debt students) | $29,799 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $14,203 |
| High income | $13,586 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,834 |
| Continuing-generation students | $13,845 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,834 |
| Independent students | $14,000 |
A handful of calculated indicators summarize the debt outlook at Rasmussen University - Minnesota.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Rasmussen University - Minnesota:
| Metric | Value |
|---|---|
| Stafford loan recipients | 129139 |
| Total Stafford loan amount | $2,178,891,070 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 205 |
| Total GI Bill amount | $2,347,340 |
| Average GI Bill amount per recipient | $11,450 |
References
More about our data sources and methodologies.