by our College Data Analytics TeamMost college students will not be charged the full price tag of a school. Instead, they will be offered a financial aid package that includes a combination of loans, grants, scholarships and possibly work-study opportunities.
What amount of UMN Crookston financial assistance will actually be available to you?Get answers to your questions here.
$11,628.00 is the typical University of Minnesota - Crookston’s first year financial aid package. Approximately 93% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from University of Minnesota - Crookston you could end up dealing with.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
91% of incoming freshmen (187 total) were given scholarships at University of Minnesota - Crookston, averaging $5,984.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
In addition to scholarships, 43% of freshman students (88 total) obtained federal grant aid, averaging $5,501.00 a piece.
The next table displays grant and scholarship distributions by family income for freshman students getting any kind of federally-funded Title IV aid, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 12.62% | $17,911.00 |
| Income 30k-48k | 9.22% | $15,996.00 |
| Income 48k-75k | 8.74% | $14,720.00 |
| Income 75k-110k | 13.59% | $9,054.00 |
| Income 110k + | 11.65% | $4,842.00 |
The table above shows undergrads who are getting Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
192 UMN Crookston undergrads obtain grant aid (this is about 93% of the entire undergraduate student population). The average amount these students receive is $11,628.00.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.
