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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Background:
Statewide impact
- More than 80,000 students receive a State Grant — that’s one in four Minnesota undergrads.
- Students attend part-time and full-time, pursing certificates, associate degrees and bachelor’s degrees.
- Students attend both public and private nonprofit institutions.
- 92% of recipients’ families earn less than $80,000.
Benefits
It holds down student debt and fosters student choice. The program also helps increase degree completion and close our state’s attainment gaps. Our whole state benefits — not only from increasing equity but by strengthening our workforce, given how our economic vitality depends on more people continuing their educations beyond high school and earning degrees.
A 2018 article from the Federal Reserve Bank of Minneapolis put it well: “In the arena of financial aid, assistance to those who need it most will boost the national economy. And need-based aid for college helps achieve the separate social goal of greater equity.”
