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All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Rasmussen University-Minnesota since 2011.
For that period, the average number of students who received grants aid/scholarships is 3,345, which is 70.45 % of all undergraduate students. 3,387 students which is 70.64% of undergraduate students received federal student loans and the average loan amount is $8,121.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-124,873 (77%)$3,3433,785 (60%)$2,4825,366 (85%)$7,828
2012-133,736 (65%)$3,8763,176 (55%)$3,0444,334 (75%)$7,811
2013-143,200 (63%)$4,1932,673 (52%)$3,2142,978 (58%)$7,731
2014-153,348 (62%)$4,4482,641 (49%)$3,2723,006 (56%)$7,413
2015-162,737 (51%)$4,5772,181 (41%)$3,7273,140 (58%)$6,352
2016-172,967 (62%)$7,5512,051 (43%)$3,9123,094 (65%)$8,636
2017-183,026 (67%)$8,2192,076 (46%)$4,1393,153 (70%)$9,369
2018-193,556 (87%)$4,2682,094 (51%)$4,3943,121 (76%)$8,714
2019-203,102 (79%)$5,1692,031 (52%)$4,4563,085 (79%)$8,063
2020-213,405 (88%)$5,3822,040 (53%)$4,8643,113 (81%)$8,632
2021-222,844 (74%)$5,8161,915 (50%)$4,7962,869 (74%)$8,784
Average3,345 (70.45%)$5,1672,424 (50.18%)$3,8453,387 (70.64%)$8,121

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

OverviewGrants/ScholarshipStudent Loans
For the last 12 years, on average, 97 (76.91 % of students) received grants or scholarships and its average amount is $5,713. It can cover 52.42% of tuition & fees ($10,899).
In addition, 97 (78.45 % of students) students get helped from the students loans (average amount : $7,622).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2011-12102 (74%)$5,806109 (79%)$8,444
2012-1365 (72%)$5,85576 (84%)$8,562
2013-14141 (88%)$6,426138 (86%)$7,823
2014-1596 (83%)$6,096101 (88%)$7,287
2015-1643 (64%)$4,74349 (73%)$5,341
2016-17132 (80%)$5,604118 (71%)$5,888
2017-18133 (77%)$6,012127 (73%)$8,521
2018-1998 (72%)$4,58982 (60%)$7,583
2019-2081 (71%)$5,15689 (78%)$6,294
2020-2199 (88%)$6,26797 (87%)$9,109
2021-2273 (77%)$6,28680 (84%)$8,989
Average97 (76.91%)$5,71397 (78.45%)$7,622
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.
The following table shows the trends of grants or scholarships over time. For the last 12 years, on average, 78 (62.73 % of students) received Pell (federal) grants and its average amount is $4,529.
In addition, 68 students received State/local government grants/scholarships (53.27 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2011-1294 (68%)$4,03152 (38%)$1,59570 (51%)$1,37622 (16%)$1,548
2012-1359 (66%)$4,5288 (9%)$78854 (60%)$1,69612 (13%)$1,297
2013-14114 (71%)$4,84724 (15%)$533123 (76%)$2,21241 (25%)$1,676
2014-1578 (68%)$4,69618 (16%)$60076 (66%)$1,94439 (34%)$1,549
2015-1641 (61%)$3,9728 (12%)$60014 (21%)$2,2915 (7%)$846
2016-1798 (59%)$3,89520 (12%)$80585 (51%)$2,47475 (45%)$1,755
2017-18104 (60%)$4,2664 (2%)$45078 (45%)$2,87873 (42%)$1,775
2018-1980 (58%)$4,20510 (7%)$62068 (50%)$1,36418 (13%)$801
2019-2065 (57%)$4,61425 (22%)$72756 (49%)$1,44317 (15%)$1,102
2020-2169 (62%)$5,43371 (63%)$87667 (60%)$1,85134 (30%)$1,746
2021-2257 (60%)$5,33215 (16%)$60054 (57%)$2,01023 (24%)$1,628
Average78 (62.73%)$4,52923 (19.27%)$74568 (53.27%)$1,95833 (24.00%)$1,429
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students..
The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.
For the last 12 years, on average, 97 (78.45 % of students) get any students loan help and its average loan amount is $97.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2011-12109 (79%)$8,444109 (79%)$7,48113 (9%)$8,077
2012-1376 (84%)$8,56276 (84%)$8,0245 (6%)$8,176
2013-14138 (86%)$7,823138 (86%)$7,6026 (4%)$5,085
2014-15101 (88%)$7,287101 (88%)$7,1822 (2%)$5,289
2015-1649 (73%)$5,34149 (73%)$5,341--
2016-17118 (71%)$5,888118 (71%)$5,7084 (2%)$5,325
2017-18127 (73%)$8,521127 (73%)$7,9998 (5%)$8,285
2018-1982 (60%)$7,58381 (59%)$7,4242 (1%)$10,204
2019-2089 (78%)$6,29487 (76%)$5,6725 (4%)$13,350
2020-2197 (87%)$9,10997 (87%)$8,0727 (6%)$14,365
2021-2280 (84%)$8,98980 (84%)$8,0288 (8%)$9,607
Average97 (78.45%)$7,62297 (78.18%)$7,1396 (4.70%)$8,776

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