What This Means For You
The quantity of financial aid and scholarships you are eligible for may vary based on your family's income level. Keep reading to find information on how much aid , scholarships and grants to expect from University of Minnesota - Twin Cities.
How Much Financial Aid is Offered?
University of Minnesota - Twin Cities' standard financial aid offer for incoming freshmen is $15,751. About 57.0% of new students get some kind of financial aid, the majority of which is in the form of scholarships and grants.
Financial aid includes loans, grans, and scholarships. However, loans must be paid back, so they aren't a genuine college discount.
Student debt should be thought of as an "outcome" rather than "aid". Find more about student loan debt at UMN Twin Cities.
How Much is Available in Grants & Scholarships?
The numbers below refer to scholarships and grants mainly provided by University of Minnesota - Twin Cities.
54.0% of freshmen (2,974 total) were given scholarships at University of Minnesota - Twin Cities, averaging $4,953 per person.In addition to scholarships, 20.0% of freshmen (1,129 total) received federal grant aid, for about $4,732 a person.
The graph below shows the typical amount of grand and scholarship aid given to all freshmen.
Scholarships are merit-based, while grants are need based.
Financial Aid per Family Income
The next graph shows scholarship and grant distributions by income level for first year getting any form of federal Title IV assistance, which includes Federal PLUS loans.
|Income Level||Percent of Freshman||Average Assistance|
|Income 110k +||15.2%||$1,555|
Title IV aid includes loans, grants, or work study granted from the government typically according to need. Learn more here.
$7,964 is the Common Amount an Undergraduate Receives in Scholarships or Grants
50.0% of the 34,351 undergraduates at University of Minnesota - Twin Cities obtain some kind of grant aid. This is a total of approximately 17,268 students receiving an average of $7,964 per person.
Financial Aid Links from University of Minnesota - Twin Cities
|Financial Aid Department Website||onestop.umn.edu/finances/financial_aid/index.html|
|Net Price Calculator||https://npc.collegeboard.org/student/app/tcumn|