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Monday, December 23, 2024

Cost of college went up for all students at Minnesota State University-Mankato

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In-state tuition and fees rose 0.2 percent for 2018-19 at Minnesota State University-Mankato, according to recent data from the U.S. Department of Education.

Minnesota residents paid $8,184 to attend the four-year public institution this year – $20 more than the $8,164 charged for 2017-18.

Non-residents paid 98.4 percent more than residents this year, or $16,235. Their price tag grew 0.1 percent from $16,216 in 2017-18.

About 83 percent of the school's undergraduate population are Minnesota residents. About 16 percent are residents of other states and 1 percent are citizens of other countries.

Data shows 89 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 1,376 students received grants or scholarships totaling $7.4 million and 1,413 students took out student loans totaling more than $11.9 million.

Including all undergraduates (14,374), 6,870 students used grants or scholarships totaling $37.6 million, and 6,812 students took out $43.7 million in federal student loans.

The cost of attending
Enrollment2015-162016-172017-182018-19Change in tuition and fees 2015-16 to 2018-19
In-state~11,930$7,836$7,858$8,164$8,1844.4%
Out-of-state~2,300$15,580$15,602$16,216$16,2354.2%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at Minnesota State University-Mankato in 2015-16.
Type of AidNumber of students receiving aidPercent receiving aidTotal amount of aid receivedAverage amount of aid per student
Federal grants66930%$3,049,441$4,558
State / local grant or scholarship80436%$2,165,638$2,694
Institutional grants or scholarships67430%$2,169,140$3,218
Grant or scholarship aid total1,37661%$7,384,219$5,366
Federal student loans1,40662%$8,014,704$5,700
Other student loans40218%$3,848,421$9,573
Student loan aid1,41363%$11,863,125$8,396
Total student aid2,00389%--

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