All Undergraduate Financial Aid

At Minnesota State University-Mankato, 8,011 undergraduate students (64% of total 12,613 students) have received financial aid including grants, scholarships, and/or federal student loans. The average amount of aid received is $7,300.
Financial Aid Statistics (All Undergraduate Students) - Minnesota State University-Mankato
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Grant or Scholarship8,01164% $58,476,729$7,300
Pell Grants2,81422% $11,746,303$4,174
Federal Student Loan5,41643% $34,880,861$6,440

Beginning Undergraduate Students (Freshmen) Financial Aid

1,870 beginning undergraduate students (90% of total 2,073 enrolled freshmen) have received financial aid including grants, scholarships, and/or federal student loans at Minnesota State University-Mankato. The average amount of aid received is $6,961.
Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students) - Minnesota State University-Mankato
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid1,87090% --
Grants or Scholarships1,51573%$10,545,354$6,961
Federal Grants99548%$5,517,637$5,545
Pell Grants48423%$2,183,089$4,511
Other Federal Grants99148%$3,334,548$3,365
State/Local Grants67232%$2,160,597$3,215
Institutional Grants1,09753%$2,867,120$2,614
Student Loan Aid1,16256%$11,052,203$9,511
Federal Student Loans1,13355%$6,222,715$5,492
Other Student Loans39319%$4,829,488$12,289

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

The next table shows the number of students awarded and the average grants/scholarship aid amount by income level for the academic year 2021-2022 at Minnesota State University-Mankato. The sources of grants and scholarship aid are the federal government, state/local government, or the institution. For the statistics, only students who paid the in-state or in-district tuition rate are considered.
Grants of Scholarship Aid Statistics By Income Level
Income LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level1,147828$4,602,285$4,012
0-30,000118118$1,145,683$9,709
30,001-48,000124124$1,169,903$9,435
48,001-75,000188186$1,318,672$7,014
75,001-110,000223174$652,858$2,928
110,001 or more494226$315,169$638
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