[Last update: December 11, 2025]

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.

All Undergraduate Financial Aid

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.

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 Scholarship7,30657% $47,051,486$6,440
Pell Grants2,70121% $12,984,444$4,807
Federal Student Loan5,20340% $33,865,750$6,509

Beginning Undergraduate Students (Freshmen) Financial Aid

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.

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 Aid2,20593% --
Grants or Scholarships1,86278%$9,914,583$5,325
Federal Grants62126%$3,716,691$5,985
Pell Grants58425%$3,036,994$5,200
Other Federal Grants34214%$679,697$1,987
State/Local Grants78033%$3,045,954$3,905
Institutional Grants1,51864%$3,151,938$2,076
Student Loan Aid1,39359%$14,202,838$10,196
Federal Student Loans1,37758%$7,568,455$5,496
Other Student Loans48120%$6,634,383$13,793

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

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.

Grants of Scholarship Aid Statistics By Income Level
Income LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level1,243838$4,916,694$3,956
0-30,000126126$1,341,257$10,645
30,001-48,000114114$1,139,619$9,997
48,001-75,000195194$1,436,140$7,365
75,001-110,000216165$582,092$2,695
110,001 or more592239$417,586$705

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