Financial Aid at Minnesota State University-Mankato
Financial Aid Amount Received
$6,324 (33.53% of tuition)
Percent of Financial Aid Received
54% of 12,676 students
6,865 undergraduate students (54% 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.
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 65.71%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $6,324 and the average loan amount is $6,479. The average financial aid amount is 33.53% 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 | 6,865 | 54% | $43,412,324 | $6,324 |
| Pell Grants | 2,594 | 20% | $11,456,267 | $4,416 |
| Federal Students Loans | 5,379 | 42% | $34,850,873 | $6,479 |
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), 1,487 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 $5,798 and the average amount of student loans awarded to full-time first-time undergraduate students is $10,191.
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 | 1,972 | 86% | - | - |
| Grant or scholarship aid | 1,487 | 65% | $8,621,041 | $5,798 |
| Federal Grants | 537 | 24% | $2,981,029 | $5,551 |
| Pell Grants | 492 | 22% | $2,366,410 | $4,810 |
| Other Federal Grants | 431 | 19% | $614,619 | $1,426 |
| State/Local Grants | 683 | 30% | $2,449,970 | $3,587 |
| Institutional Grants | 986 | 43% | $3,190,042 | $3,235 |
| Student Loans | 1,300 | 57% | $13,248,671 | $10,191 |
| Federal Student Loans | 1,278 | 56% | $7,069,023 | $5,531 |
| Other Student Loans | 484 | 21% | $6,179,648 | $12,768 |
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 | - | - | $4,916,694 | $3,956 |
| 0 - $30,000 | 126 | 126 | $1,341,257 | $10,645 |
| $30,001 - $48,000 | 114 | 114 | $1,139,619 | $9,997 |
| $48,001 - $75,000 | 195 | 194 | $1,436,140 | $7,365 |
| $75,001 - $110,000 | 216 | 165 | $582,092 | $2,695 |
| $110,001 - more | 592 | 239 | $417,586 | $705 |
Paid Tuition Rates by Residency
At Minnesota State University-Mankato, for the first-time/full-time students, 1,732 students have paid in-state rate of tuition and 549 students have paid out-of-state tuition rate.
| # of Students | |
|---|---|
| In-District Rate | 0 |
| In-State Rate | 1,732 |
| Out-of-State Rate | 549 |
| Un-known | 0 |
Number of Students by Living Arrangement (Freshmen)
At Minnesota State University-Mankato, 883 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 95 students live off-campus. In addition, 48 students live with their family.
| # of Students | |
|---|---|
| Living On-Campus | 883 |
| Living Off-Campus | 95 |
| Living with Family | 48 |
| Un-known | 39 |