Financial Aid at UMTC
Financial Aid Amount Received
$10,416 (28.61% of tuition)
Percent of Financial Aid Received
54% of 39,248 students
19,606 undergraduate students (54% of all students) have received grants, scholarships, and/or federal student loans at University of Minnesota-Twin Cities. The percentage of students who received financial aid average compared to Public, 4-Years Colleges in Minnesota.
Compared to similar schools in rankings such as North Carolina State University at Raleigh and Purdue University-Main Campus, the percentage of students who received financial aid is lower (the average of the schools is 73.50%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $10,416 and the average loan amount is $6,219. The average financial aid amount is 28.61% of tuition & fees based on out-of-state rate (tuition & fees: $36,402).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 19,606 | 54% | $204,220,724 | $10,416 |
| Pell Grants | 6,353 | 18% | $32,408,209 | $5,101 |
| Federal Students Loans | 11,060 | 31% | $68,776,994 | $6,219 |
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), 4,342 students have received one or more types of financial aid at University of Minnesota-Twin Cities.
The average amount of federal, state, local or institutional grant aid is $11,388 and the average amount of student loans awarded to full-time first-time undergraduate students is $9,722.
The following table shows the financial data by type of aid at University of Minnesota-Twin Cities.
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 | 5,375 | 79% | - | - |
| Grant or scholarship aid | 4,342 | 63% | $49,444,888 | $11,388 |
| Federal Grants | 1,452 | 21% | $8,421,248 | $5,800 |
| Pell Grants | 1,445 | 21% | $7,616,602 | $5,271 |
| Other Federal Grants | 1,307 | 19% | $804,646 | $616 |
| State/Local Grants | 2,027 | 30% | $12,795,193 | $6,312 |
| Institutional Grants | 4,209 | 62% | $28,228,447 | $6,707 |
| Student Loans | 2,749 | 40% | $26,726,967 | $9,722 |
| Federal Student Loans | 2,680 | 39% | $14,264,991 | $5,323 |
| Other Student Loans | 818 | 12% | $12,461,976 | $15,235 |
Financial Aid by Income Level
The following table summarizes the number of schools receiving financial aid and its average amount by income levels at University of Minnesota-Twin Cities.
| Income Level | # of Students | # of Students Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| All Income Level | - | - | $30,502,646 | $11,128 |
| 0 - $30,000 | 422 | 422 | $8,656,455 | $20,513 |
| $30,001 - $48,000 | 405 | 405 | $8,267,796 | $20,414 |
| $48,001 - $75,000 | 458 | 458 | $7,600,994 | $16,596 |
| $75,001 - $110,000 | 402 | 402 | $3,644,667 | $9,066 |
| $110,001 - more | 1,054 | 542 | $2,332,734 | $2,213 |
Paid Tuition Rates by Residency
At University of Minnesota-Twin Cities, for the first-time/full-time students, 4,699 students have paid in-state rate of tuition and 2,141 students have paid out-of-state tuition rate.
| # of Students | |
|---|---|
| In-District Rate | 0 |
| In-State Rate | 4,699 |
| Out-of-State Rate | 2,141 |
| Un-known | 0 |
Number of Students by Living Arrangement (Freshmen)
At University of Minnesota-Twin Cities, 2,298 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 234 students live off-campus. In addition, 586 students live with their family.
| # of Students | |
|---|---|
| Living On-Campus | 2,298 |
| Living Off-Campus | 234 |
| Living with Family | 586 |
| Un-known | 176 |