College Factual  by our College Data Analytics Team
       Unbiased Factual Guarantee

How Much UMN Twin Cities Fin Aid Could You Qualify For?

Financial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.

Interested in understanding the financial aid resources available at UMN Twin Cities and your eligibility? Find the answers you seek below.

Table of Contents:

What Proportion of Students at UMN Twin Cities Benefit from Financial Aid?

University of Minnesota - Twin Cities average financial aid offer for freshmen students is $9,917.00. Financial aid is provided to about 80% of first-year students, with the bulk of support coming in the form of grants and scholarships.

undefined

Is it a Reduction?

Financial aid contains loans, grants, and scholarships. But college loans need to be repaid, thus they are not a real college discount.

Student Loans at University of Minnesota - Twin Cities

A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from University of Minnesota - Twin Cities you may end up taking on.

Amount of UMN Twin Cities Scholarships & Grants

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 numbers listed below make reference to help that is offered by University of Minnesota - Twin Cities.

60% of new students (3735 total) were offered scholarships at University of Minnesota - Twin Cities, averaging $6,553.00 per person. This puts it in the top 50th percentile among colleges and universities nationwide.

In addition to scholarships, 18% of first years (1127 total) were awarded federal grant aid, averaging $5,511.00 each.

undefined

How Family Income Affects Financial Aid

The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.

Income LevelPercent of FreshmanAverage Assistance
Income 0-30k5.66%$19,956.00
Income 30k-48k4.73%$19,045.00
Income 48k-75k6.26%$14,743.00
Income 75k-110k6.92%$8,716.00
Income 110k +8.44%$2,285.00

Title IV Aid

The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.

The Average Undergraduate Receiving a Grant or Scholarship Gets $9,917.00.

80% of the 6259 undergraduates at University of Minnesota - Twin Cities receive some sort of grant aid. This is a total of about 3830 students getting an average of $9,917.00 per person.

Curious about the Financial Aspects of Tuition and Fees?

Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.

Notes and References

References

More about our data sources and methodologies.

Popular Reports

College Rankings
Best by Location
Degree Guides by Major
Graduate Programs

Compare Your School Options