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What is the average loan amount at University of Minnesota Twin Cities?

For the academic year 2022-2023, total 2,749 full-time, first-time students (40% of all freshmen) have received student loans (federal or other source). For all undergraduate students, total 11,060 students (31% of all students) have received federal student loans and the average loan amount is $6,219 at University of Minnesota-Twin Cities.

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

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