Our students come from all income levels, with median family income at our colleges below the Minnesota median of $86,400. What's more, median family incomes income for FAFSA-filing Minnesota students at our colleges are similar to those at public universities
- $87,300 at the University of Minnesota
- $83,400 at Minnesota Private Colleges
- $62,800 at Minnesota State Universities
For first-year students from families with incomes below $50,000, average grants cover 88% of tuition.
- The average net tuition for these students after institutional, federal and state grants is $4,650. These students receive an average of $33,190 in grants.
- 89 percent of our first-year students apply for financial aid by filing the FAFSA.
Tuition and aid
Our colleges have worked to contain spending while making significant increases in institutional grant aid, awarding more than $684 million in institutional grants and scholarships.
- For every $1 in state and federal grant aid our students receive, our institutions award $6.
- 95 percent of our first-year students receive grants and scholarships that do not have to be paid back.
- After grants and scholarships, the average amount that first-year students actually pay for tuition is cut by 64 percent.
- The average net tuition for first-year students is $14,392 because first-year students receive an average of $25,045 in institutional, state and federal grants.
Over 10 years, the average net tuition for first-year students has been relatively flat. In fact, when adjusted for inflation, the average dropped $2,215 — or 13 percent — between 2007-08 and 2017-18.
Private college students’ borrowing closely mirrors levels at public institutions. Share of graduates from private colleges in Minnesota with no debt is 30 percent, compared to 40 percent at the University of Minnesota and 29 percent at Minnesota State universities.
Median debt level for graduates from private colleges who borrowed is $27,900 compared to $23,500 at the University of Minnesota and $24,800 at Minnesota State universities.