Minnesota State Grant
Minnesota's State Grant program provides need-based aid to Minnesota college students. By helping thousands of students from low- and middle-income families afford college, the state makes a strategic investment in our state's future workforce.
Video: The Minnesota State Grant: Why it matters
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State Grant program benefits
Targets students with the greatest need
- Three-quarters of recipients have incomes below $40,000; about a quarter have incomes between $40,000 and $70,000.
- Awards for students at four-year institutions average $2,649.
- As the Minnesota Chamber of Commerce has said, "the State Grant program is a critical tool for maximizing the number of lower-income people who will have access to and complete higher education."
Has statewide impact
- About one out of four Minnesota undergrads are State Grant recipients.
- Most students attend public colleges and universities, both two- and four-year. About 11% of State Grant recipients attend the nonprofit colleges that make up the Minnesota Private College Council.
- There are high percentages of State Grant recipients in all areas of the state; the shares are greatest in Greater Minnesota and inner cities.
Invests in our human capital
- In this global knowledge economy, retaining an educated workforce will be critical to retaining jobs.
Helps minimize student borrowing and future debt
- State Grant aid reduces the amount of loans students need to take out to finance their education. (Unfortunately, government-financed aid to students has been lagging in recent years. Institutional aid has increased dramatically, but so has student borrowing; see how State Grant impact has been stagnant.)