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How many students are received any financial aid at University of Minnesota Twin Cities?

For the academic year 2022-2023, total 5,607 full-time, first-time students (82% 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 19,606 students (54% of all students) received grants or scholarships and the average grant amount is $10,416. In addition, 11,060 students received student loans and the average loan amount is $6,219.

Below tables show the number and amount by source of financial aid at University of Minnesota-Twin Cities.
All Undergraduate Student Financial Aid at University of Minnesota-Twin Cities
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid19,60654%$10,416
Pell Grants6,35318%$5,101
Federal Student Loans11,06031%$6,219
Beginning Students (Freshmen) Financial Aid at University of Minnesota-Twin Cities
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid5,60782%-
Grants or Scholarship from All Sources4,34263%$11,388
Federal Grants1,45221%$5,800
Pell Grants1,44521%$5,271
Other Federal Grants1,30719%$616
State/Local Grants2,02730%$6,312
Institutional Grants4,20962%$6,707
Student Loans2,74940%$9,722
Federal Student Loans2,68039%$5,323
Other Student Loans81812%$15,235

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 UMTC

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