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How many students are received any financial aid at Minnesota State University Mankato?

For the academic year 2022-2023, total 1,870 full-time, first-time students (90% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.

For all undergraduate students, total 8,011 students (64% of all students) received grants or scholarships and the average grant amount is $7,300. In addition, 5,416 students received student loans and the average loan amount is $6,440.

Below tables show the number and amount by source of financial aid at Minnesota State University-Mankato.
All Undergraduate Student Financial Aid at Minnesota State University-Mankato
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid8,01164%$7,300
Pell Grants2,81422%$4,174
Federal Student Loans5,41643%$6,440
Beginning Students (Freshmen) Financial Aid at Minnesota State University-Mankato
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid1,87090%-
Grants or Scholarship from All Sources1,51573%$6,961
Federal Grants99548%$5,545
Pell Grants48423%$4,511
Other Federal Grants99148%$3,365
State/Local Grants67232%$3,215
Institutional Grants1,09753%$2,614
Student Loans1,16256%$9,511
Federal Student Loans1,13355%$5,492
Other Student Loans39319%$12,289

What is the Financial aid?

Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.

Know more about Minnesota State University-Mankato

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