by our College Data Analytics TeamA large number of students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total price of attendance at University of Minnesota-Rochester can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial assistance options will UMN Rochester offer you, and what will you qualify for? Read on for more information. Scroll down to find out just how much financial aid will be open to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Read on to get a sense of the financial assistance available at University of Minnesota-Rochester.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
At University of Minnesota-Rochester, 93% of first-time, full-time freshmen received some form of financial aid around 150 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 78% | $14,057 |
| Institutional grants & scholarships | 77% | $7,149 |
| Federal Pell grants | 33% | $5,649 |
| State/local grants | 46% | $7,577 |
| Federal student loans | 54% | $5,069 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. Here, roughly 81% of undergraduates were awarded grant or scholarship aid averaging $13,459 (across approximately 475 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 81% | $13,459 |
| Federal Pell grants | 36% | $6,244 |
| Federal student loans | 49% | $5,907 |
On-campus students receiving title-IV aid were awarded grants averaging $15,160.
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 | $3,715 |
| $30,001 – $75,000 | $3,938 |
| Over $75,000 | $22,324 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $13,744 |
| Off-campus title-IV students | $12,785 |
For a customized cost estimate, visit UMN Rochester’s net price tool: www.shoppingsheet.com/Shopping/Landing/umn-rochester.
The middle student in the debt distribution at UMN Rochester owes $16,727 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $16,727 |
| Median federal debt (graduates only) | $19,500 |
| Typical 10-year monthly payment (graduates) | $206.73/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. The percentiles below describe the cumulative federal debt distribution for borrowers at UMN Rochester.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,500 |
| 25th percentile | $8,374 |
| 75th percentile | $25,182 |
| 90th percentile (highest-debt students) | $29,795 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $13,990 |
| Middle income | $15,669 |
| High income | $17,750 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,180 |
| Continuing-generation students | $17,018 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,500 |
| Independent students | $18,000 |
The figure below distills the debt data into a single burden category for UMN Rochester.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at UMN Rochester:
| Metric | Value |
|---|---|
| Stafford loan recipients | 108174 |
| Total Stafford loan amount | $3,096,591,829 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 5 |
| Total GI Bill amount | $67,826 |
| Average GI Bill amount per recipient | $13,565 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 2 |
| Total DoD amount | $8,000 |
| Average DoD amount per recipient | $4,000 |
References
More about our data sources and methodologies.