by our College Data Analytics TeamA large number 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 Rasmussen University-North Dakota can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financing solutions does Rasmussen University - North Dakota deliver, and just what are you going to be eligible for? Keep scrolling for answers. Read on to discover what amount of financial assistance could be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Rasmussen University-North Dakota.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. At Rasmussen University - North Dakota, some 85% of the undergraduate population received grant aid that averaged $5,857 (among about 40 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 85% | $5,857 |
| Federal Pell grants | 38% | $5,254 |
| Federal student loans | 68% | $9,600 |
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 | $17,864 |
| $30,001 – $75,000 | $18,300 |
| Over $75,000 | $19,678 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The median student at Rasmussen University - North Dakota graduates with $13,000 of cumulative federal debt.
| 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 |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at Rasmussen University - North Dakota.
| 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 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,834 |
| Independent students | $14,000 |
The figure below distills the debt data into a single burden category for Rasmussen University - North Dakota.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at Rasmussen University - North Dakota:
| Metric | Value |
|---|---|
| Stafford loan recipients | 129139 |
| Total Stafford loan amount | $2,178,891,070 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 2 |
| Total GI Bill amount | $38,310 |
| Average GI Bill amount per recipient | $19,155 |
References
More about our data sources and methodologies.