7,306 students (57% of total 12,886 undergraduate students) have awarded federal, state, local, institutional or other sources of grant aid at Minnesota State University-Mankato. The average amount of the aid awarded is $6,440.
For the first-time, full-time beginning students (freshmen), 93% of total 2,375 enrolled students have received any kind of financial aid and its average amount of aid received is $5,325.
At Minnesota State University-Mankato, 7,306 undergraduate students (57% of total 12,886 students) have received financial aid including grants, scholarships, and/or federal student loans. The average amount of aid received is $6,440.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| Grant or Scholarship | 7,306 | 57% | $47,051,486 | $6,440 |
| Pell Grants | 2,701 | 21% | $12,984,444 | $4,807 |
| Federal Student Loan | 5,203 | 40% | $33,865,750 | $6,509 |
2,205 beginning undergraduate students (93% of total 2,375 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 $5,325.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| Any Financial Aid | 2,205 | 93% | - | - |
| Grants or Scholarships | 1,862 | 78% | $9,914,583 | $5,325 |
| Federal Grants | 621 | 26% | $3,716,691 | $5,985 |
| Pell Grants | 584 | 25% | $3,036,994 | $5,200 |
| Other Federal Grants | 342 | 14% | $679,697 | $1,987 |
| State/Local Grants | 780 | 33% | $3,045,954 | $3,905 |
| Institutional Grants | 1,518 | 64% | $3,151,938 | $2,076 |
| Student Loan Aid | 1,393 | 59% | $14,202,838 | $10,196 |
| Federal Student Loans | 1,377 | 58% | $7,568,455 | $5,496 |
| Other Student Loans | 481 | 20% | $6,634,383 | $13,793 |
The following table shows the number of students awarded and the average grants / scholarship aid amount by income level for the academic year 2023-2024 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.
| Income Level | Number of Students | Number of Students Awarded | Total Amount Aid Awarded | Average Amount Aid Awarded |
|---|---|---|---|---|
| All level | 1,243 | 838 | $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 or more | 592 | 239 | $417,586 | $705 |
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