October, 2019

Did you know that the median income of Minnesota FAFSA-filing families at our colleges — $83,000 — is lower than the median family income for the state of Minnesota, which is $86,400? 
And consider this: it also falls within a similar range as the state’s public universities.

  • $87,300 at the University of Minnesota
  • $83,400 at Minnesota Private Colleges*
  • $62,800 at Minnesota State universities

This can be broken down even further into three general income categories:

family income distribution 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: Minnesota State Grant End-of-Year Statistics Fiscal Year 2018 report, Minnesota Office of Higher Education
Note: Uses adjusted gross income, includes only Minnesota residents who file a FAFSA
*The Minnesota Private College Council’s 17 member institutions