by our College Data Analytics TeamHere you will find what students actually borrow to attend Rasmussen University-Minnesota, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
For incoming students at Rasmussen University - Minnesota, 83% of incoming undergraduates borrow in year one, with a typical loan of $8,910 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $8,567. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at Rasmussen University - Minnesota, 74% take out federal student loans, for a typical $9,036 a year. That is 5.5% larger than the freshman federal average of $8,567.
Carrying that yearly figure forward comes to roughly $18,072 across two years and $36,144 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 74% |
| Average federal loan per year | $9,036 |
| Undergraduates with a federal loan | 5,933 |
| Total federal loans (one year) | $53,610,897 |
The middle borrower at Rasmussen University - Minnesota owes $13,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $13,000 |
| Students who completed (graduates) | $20,899 |
| Students who withdrew | $6,334 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for 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 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Rasmussen University - Minnesota.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Rasmussen University - Minnesota.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 2419 | $10,000 |
| Completed (graduates) | 1216 | $10,562 |
| Did not complete | 1203 | $9,727 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $125.59/mo.
Federal data lets us separate Stafford borrowers from the rest at Rasmussen University - Minnesota.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 2402 | — |
| No Stafford loan | 17 | — |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 2077 | $10,000 |
| No Stafford loan this year | 342 | $10,260 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Rasmussen University - Minnesota.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Rasmussen University - Minnesota follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.5% |
| Borrowers in the cohort | 13184 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $14,203 |
| High income | $13,586 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,834 |
| Continuing-generation students | $13,845 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,834 |
| Independent students | $14,000 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Rasmussen University - Minnesota.
Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Did You Know?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.