Financial Aid at Minnesota State University-Mankato
Financial Aid Amount Received
$7,300 (38.71% of tuition)
Percent of Financial Aid Received
64% of 12,676 students
8,011 undergraduate students (64% of all students) have received grants, scholarships, and/or federal student loans at Minnesota State University-Mankato. The percentage of students who received financial aid higher compared to Public, 4-Years Colleges in Minnesota.
Compared to similar schools in rankings such as Augsburg University and Concordia University-Saint Paul, the percentage of students who received financial aid is higher (the average of the schools is 74.00%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $7,300 and the average loan amount is $6,440. The average financial aid amount is 38.71% of tuition & fees based on out-of-state rate (tuition & fees: $18,860).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 8,011 | 64% | $58,476,729 | $7,300 |
| Pell Grants | 2,814 | 22% | $11,746,303 | $4,174 |
| Federal Students Loans | 5,416 | 43% | $34,880,861 | $6,440 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 1,515 students have received one or more types of financial aid at Minnesota State University-Mankato.
The average amount of federal, state, local or institutional grant aid is $6,961 and the average amount of student loans awarded to full-time first-time undergraduate students is $9,511.
The following table shows the financial data by type of aid at Minnesota State University-Mankato.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 1,835 | 89% | - | - |
| Grant or scholarship aid | 1,515 | 73% | $10,545,354 | $6,961 |
| Federal Grants | 995 | 48% | $5,517,637 | $5,545 |
| Pell Grants | 484 | 23% | $2,183,089 | $4,511 |
| Other Federal Grants | 991 | 48% | $3,334,548 | $3,365 |
| State/Local Grants | 672 | 32% | $2,160,597 | $3,215 |
| Institutional Grants | 1,097 | 53% | $2,867,120 | $2,614 |
| Student Loans | 1,162 | 56% | $11,052,203 | $9,511 |
| Federal Student Loans | 1,133 | 55% | $6,222,715 | $5,492 |
| Other Student Loans | 393 | 19% | $4,829,488 | $12,289 |
Financial Aid by Income Level
The following table summarizes the number of schools receiving financial aid and its average amount by income levels at Minnesota State University-Mankato.
| Income Level | # of Students | # of Students Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| All Income Level | - | - | $4,602,285 | $4,012 |
| 0 - $30,000 | 118 | 118 | $1,145,683 | $9,709 |
| $30,001 - $48,000 | 124 | 124 | $1,169,903 | $9,435 |
| $48,001 - $75,000 | 188 | 186 | $1,318,672 | $7,014 |
| $75,001 - $110,000 | 223 | 174 | $652,858 | $2,928 |
| $110,001 - more | 494 | 226 | $315,169 | $638 |
Paid Tuition Rates by Residency
At Minnesota State University-Mankato, for the first-time/full-time students, 1,659 students have paid in-state rate of tuition and 413 students have paid out-of-state tuition rate.
| # of Students | |
|---|---|
| In-District Rate | 0 |
| In-State Rate | 1,659 |
| Out-of-State Rate | 413 |
| Un-known | 1 |
Number of Students by Living Arrangement (Freshmen)
At Minnesota State University-Mankato, 874 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 95 students live off-campus. In addition, 72 students live with their family.
| # of Students | |
|---|---|
| Living On-Campus | 874 |
| Living Off-Campus | 95 |
| Living with Family | 72 |
| Un-known | 55 |