Private colleges can be a lot more affordable than you may think.
On average, our students end up paying only about half of the full tuition price. That's possible because of the financial aid that most students receive; 95% of our first-year students receive financial aid that they never have to pay back.
Minnesota Private Colleges offer more than $684 million in institutional grants and scholarships. That figure has been growing rapidly, far faster than tuition itself, as colleges do their best to make sure you can afford to attend.
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When you're considering the cost of college, think about whether you're likely to graduate on time (PDF report). No one plans to take six years, but it happens. And if it does, beyond more tuition you'll also lose out from having to wait to start earning money in the field of your choice.
You're much more likely to graduate on time at one of Minnesota's private colleges; our four-year graduation rate of 68% is far higher than the rates for Minnesota's public systems. Credit personalized attention and student support for the difference.
Low-income students succeed at our institutions. Our share of Pell Grant recipients graduating in four years ranks first nationally when compared to statewide averages for both public and private institutions.
And remember that comparing college costs is more complicated than just looking at listed prices.
Value of investment
Think about the quality of the education you'll receive. How will the choice you make help you start a career — and advance it later? And how will it impact you in other ways? The knowledge and skills gained at Minnesota's private colleges are exactly what employers seek.
How much aid you can receive is something that becomes clear during a student's senior year, when financial aid has been calculated. But you can get some earlier estimates and advice, including from net price calculators and admission and financial aid offices at any of our institutions.