Scholarships, Grants, and Loan Trends at UMN - Rochester

-10%

Received Percent Changed

$6,506

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 421, which is 79.44 % of all undergraduate students. 304 students which is 57.44% of undergraduate students received federal student loans and the average loan amount is $6,166.

For full-time, first-time beginning students (freshmen), 73.67% of students received grants or scholarships and 63% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at University of Minnesota-Rochester since 2014.

For that period, the average number of students who received grants aid/scholarships is 421, which is 79.44 % of all undergraduate students. 304 students which is 57.44% of undergraduate students received federal student loans and the average loan amount is $6,166.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15427 (88%)$5,454147 (30%)$4,353329 (67%)$6,780
2015-16370 (89%)$5,546120 (29%)$4,275271 (65%)$6,683
2016-17389 (89%)$6,876144 (33%)$4,176273 (63%)$6,361
2017-18347 (74%)$9,084156 (33%)$4,630294 (62%)$6,130
2018-19399 (75%)$9,588177 (33%)$4,910316 (59%)$5,953
2019-20409 (72%)$10,191203 (35%)$4,754310 (54%)$6,011
2020-21467 (74%)$11,103237 (38%)$5,073322 (51%)$5,689
2021-22488 (76%)$10,973239 (37%)$5,190306 (47%)$5,870
2022-23492 (78%)$11,960224 (36%)$5,671311 (49%)$6,015
Average421 (79.44%)$8,975183 (33.78%)$4,781304 (57.44%)$6,166
*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.

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

For the last 10 years, on average, 118 (73.67 % of students) received grants or scholarships and its average amount is $9,898. It can cover 65.92% of tuition & fees ($15,016) based on out-of-state rate.

In addition, 99 (62.89 % of students) students get helped from the students loans (average amount : $8,395).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-1585 (76%)$6,56582 (73%)$7,617
2015-1663 (72%)$8,02565 (74%)$6,735
2016-17114 (79%)$9,83096 (66%)$7,019
2017-18142 (76%)$9,313130 (69%)$8,093
2018-19119 (70%)$8,522107 (63%)$8,163
2019-20120 (74%)$10,09596 (59%)$8,613
2020-21160 (74%)$11,299114 (53%)$8,196
2021-22114 (67%)$11,83396 (56%)$10,668
2022-23142 (75%)$13,604101 (53%)$10,453
Average118 (73.67%)$9,89899 (62.89%)$8,395
*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 10 years, on average, 58 (35.78 % of students) received Pell (federal) grants and its average amount is $4,898.

In addition, 73 students received State/local government grants/scholarships (45.22 % 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
2014-1536 (32%)$3,78136 (32%)$50047 (42%)$4,90678 (70%)$2,222
2015-1634 (39%)$4,10434 (39%)$50035 (40%)$5,58061 (69%)$2,520
2016-1754 (37%)$4,39050 (34%)$60064 (44%)$5,590108 (74%)$4,590
2017-1862 (33%)$4,93455 (29%)$60094 (50%)$5,270134 (71%)$3,643
2018-1954 (32%)$4,75354 (32%)$59868 (40%)$6,210107 (63%)$2,830
2019-2061 (37%)$4,70359 (36%)$60078 (48%)$6,314111 (68%)$3,573
2020-2188 (41%)$5,23880 (37%)$693108 (50%)$6,403149 (69%)$4,027
2021-2262 (36%)$5,51455 (32%)$60080 (47%)$6,507103 (60%)$4,403
2022-2367 (35%)$6,66253 (28%)$60087 (46%)$8,048135 (71%)$5,581
Average58 (35.78%)$4,89853 (33.22%)$58873 (45.22%)$6,092110 (68.33%)$3,710
*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 10 years, on average, 99 (62.89 % of students) get any students loan help and its average loan amount is $99.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1582 (73%)$7,61778 (70%)$5,50419 (17%)$10,277
2015-1665 (74%)$6,73563 (72%)$5,29213 (15%)$8,029
2016-1796 (66%)$7,01994 (65%)$5,16919 (13%)$9,892
2017-18130 (69%)$8,093129 (69%)$5,45832 (17%)$10,878
2018-19107 (63%)$8,163106 (63%)$5,15526 (15%)$12,576
2019-2096 (59%)$8,61391 (56%)$5,25227 (17%)$12,922
2020-21114 (53%)$8,196112 (52%)$5,13228 (13%)$12,843
2021-2296 (56%)$10,66894 (55%)$4,89542 (25%)$13,428
2022-23101 (53%)$10,45397 (51%)$5,13543 (23%)$12,969
Average99 (62.89%)$8,39596 (61.44%)$5,22128 (17.22%)$11,535

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