January, 2017

Students at our 17 member colleges receive financial aid from a number of sources, but grant aid make up  a significant part of it. In 2014-15 academic year, 83 percent of all grant aid received by students came directly from our colleges — representing nearly $564 million in aid that students never have to pay back.

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Source: Minnesota Private College Council analysis of Minnesota Office of Higher Education’s Financial Aid to Minnesota Undergraduates Fiscal year 2015 report