Financial Aid at Minnesota State University-Mankato
Financial Aid Amount Received
$5,951 (31.63% of tuition)
Percent of Financial Aid Received
57% of 12,620 students
7,392 undergraduate students (57% 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 average compared to Public, 4-Years Colleges in Minnesota.
Compare 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 68.43%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $5,951 and the average loan amount is $6,286. The average financial aid amount is 31.63% of tuition & fees based on out-of-state rate (tuition & fees: $18,814).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 7,392 | 57% | $43,989,198 | $5,951 |
| Pell Grants | 2,912 | 23% | $12,275,524 | $4,215 |
| Federal Students Loans | 5,936 | 46% | $37,314,250 | $6,286 |
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), 1,271 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 $5,502 and the average amount of student loans awarded to full-time first-time undergraduate students is $9,314.
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 | 1,794 | 81% | - | - |
| Grant or scholarship aid | 1,271 | 57% | $6,992,715 | $5,502 |
| Federal Grants | 818 | 37% | $3,237,816 | $3,958 |
| Pell Grants | 510 | 23% | $2,287,584 | $4,485 |
| Other Federal Grants | 787 | 35% | $950,232 | $1,207 |
| State/Local Grants | 683 | 31% | $2,126,154 | $3,113 |
| Institutional Grants | 758 | 34% | $1,628,745 | $2,149 |
| Student Loans | 1,323 | 60% | $12,322,595 | $9,314 |
| Federal Student Loans | 1,302 | 59% | $7,181,832 | $5,516 |
| Other Student Loans | 426 | 19% | $5,140,763 | $12,068 |
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 | - | - | $4,475,174 | $3,572 |
| 0 - $30,000 | 144 | 142 | $1,332,384 | $9,253 |
| $30,001 - $48,000 | 115 | 115 | $1,063,980 | $9,252 |
| $48,001 - $75,000 | 190 | 186 | $1,246,658 | $6,561 |
| $75,001 - $110,000 | 262 | 177 | $578,578 | $2,208 |
| $110,001 - more | 542 | 167 | $253,574 | $468 |
Paid Tuition Rates by Residency
At Minnesota State University-Mankato, for the first-time/full-time students, 1,834 students have paid in-state rate of tuition and 380 students have paid out-of-state tuition rate.
| # of Students | |
|---|---|
| In-District Rate | 0 |
| In-State Rate | 1,834 |
| Out-of-State Rate | 380 |
| Un-known | 3 |
Number of Students by Living Arrangement (Freshmen)
At Minnesota State University-Mankato, 822 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 69 students live off-campus. In addition, 61 students live with their family.
| # of Students | |
|---|---|
| Living On-Campus | 822 |
| Living Off-Campus | 69 |
| Living with Family | 61 |
| Un-known | 26 |