Graduate and professional schools attracted 20% of those who earned bachelor’s degrees in 2013 at our private nonprofit institutions. Heath care was the most popular field for those continuing their educations within one year of graduation.
84% of first-year students at our colleges apply for financial aid by filing a FAFSA. For those first-year students applying for financial aid, median family income is $89,000. That means half have incomes above $89,000; half have incomes below.
Minnesota’s Private Colleges serve more than 5,000 “non-traditional” students, meaning they’re not coming straight out of high school, instead they’ve often been working or in the military. Non-traditional students who are older than 25 make up 14% of our undergraduate enrollment.
The number of undergraduate students of color enrolled this past fall at Minnesota’s Private Colleges increased 4.7% over the previous year. This continues a long-term trend of increasing diversity at our campuses.
Almost three-quarters of institutional aid at Minnesota’s private nonprofit colleges helps meet the financial need of students. And the size of the grants and scholarships is significantly larger than the national average.
The real price families paid for tuition at our colleges in 2011-12 after factoring in institutional, federal and state grants was less than half the sticker price. The net price for low-income students was even lower.
When it comes to going to college in another state, more Minnesota students do so than other states’ students come to Minnesota. This is a continuing trend, averaging a net export of 4,577 students per year since 2004.
This year some advocates are suggesting that Minnesota’s State Grant program discriminates against part-time students. The facts don’t support these claims; here is some background about how grants are currently awarded and the public policy principles that should guide policymakers.