Number Received Financial Aid (All Undergraduate)
6,865
Percent Received Financial Aid(All Undergraduate)
54%
Average Aid Amount
$6,324
Number Received Financial Aid (Freshmen)
2,017
Percent Received Financial Aid (Freshmen)
88%
Financial Aid Information at Minnesota State University-Mankato
For the academic year 2023-2024, a total of 6,865 students (54% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $6,324. For freshmen (Full-time, first-time degree-seeking undergraduate students), 2,017 students (88% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at Minnesota State University-Mankato is $9,572 for Minnesota residents and $18,942 for out-of-state students, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 6,865 students (54% of all students) have received grants or scholarships and the average received aid amount is $6,324. It includes federal, state, local, institutional, or other sources of grant aid.
The following table describes the financial aid statistics by aid types at Minnesota State University-Mankato for all undergraduate students.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 6,865 | 54% | $6,324 |
| Pell Grants | 2,594 | 20% | $4,416 |
| Federal Student Loans | 5,379 | 42% | $6,479 |
Beginning Students Financial Aid
a total of 2,017 beginning students (88% of all freshmen) have received any financial aid and 1,972 students (86% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students.
The below table shows the number and amount by the source of financial aid at Minnesota State University-Mankato.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 2,017 | 88% | - |
| Grants or Scholarship from All Sources | 1,487 | 65% | $5,798 |
| Federal Grants | 537 | 24% | $5,551 |
| Pell Grants | 492 | 22% | $4,810 |
| Other Federal Grants | 431 | 19% | $1,426 |
| State/Local Grants | 683 | 30% | $3,587 |
| Institutional Grants | 986 | 43% | $3,235 |
| Student Loans | 1,300 | 57% | $10,191 |
| Federal Student Loans | 1,278 | 56% | $5,531 |
| Other Student Loans | 484 | 21% | $12,768 |
Student Headcounts by Tuition Rates
For academic year 2023-2024, total 1,732 have paid in-state tuition rates (76% of undergraduate students) and 549 students (24%) have paid the tuition & fee based on out-of-state rates at Minnesota State University-Mankato.
| Type of Tuition Rate | Number of Students | Percent | Tuition & Fees |
|---|---|---|---|
| In-State Rate | 1,732 | 76% | $9,572 |
| Out-of-State Rate | 549 | 24% | $18,942 |
Students Headcount by Living Status
For academic year 2023-2024, total 1,065 full-time beginning students have enrolled and attended Minnesota State University-Mankato. Among them, 883 students have lived on campus and 95 students lived off campus (without family). The following table shows the students count by living status and years.
| Living Status | 2021 | 2022 | 2023 |
|---|---|---|---|
| Living On-Campus | 822 | 874 | 883 |
| Living Off-Campus with Family | 61 | 72 | 48 |
| Living Off-Campus without Family | 69 | 95 | 95 |
Grants and Scholarship Aid By Income Level (Paying In-State Tuition)
The following table shows number of students who paid the in-state or in-district tuition rate and were awarded any grant/scholarship by income level for academic year 2023-2024 . The sources of grants and scholarship aid are the federal government, state/local government, or the institution.
| Income Level | Number of Students | Number of Students Awarded | Total Amount Aid Awarded | Average Amount Aid Awarded |
|---|---|---|---|---|
| All level | 1,243 | 838 | $4,916,694 | $3,956 |
| $0 - $30,000 | 126 | 126 | $1,341,257 | $10,645 |
| $30,001 - $48,000 | 114 | 114 | $1,139,619 | $9,997 |
| $48,001 - $75,000 | 195 | 194 | $1,436,140 | $7,365 |
| $75,001 - $110,000 | 216 | 165 | $582,092 | $2,695 |
| $110,001 or more | 592 | 239 | $417,586 | $705 |
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