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UMTC Financial Aid

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Number Received Financial Aid (All Undergraduate) 19,909
Percent Received Financial Aid(All Undergraduate) 51%
Average Aid Amount $11,363
Number Received Financial Aid (Freshmen) 5,427
Percent Received Financial Aid (Freshmen) 81%

Financial Aid Information at UMTC

For the academic year 2023-2024, a total of 19,909 students (51% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $11,363. For freshmen (Full-time, first-time degree-seeking undergraduate students), 5,427 students (81% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at University of Minnesota-Twin Cities is $17,214 for Minnesota residents and $38,362 for out-of-state students, for reference.

All Undergraduate Students Financial Aid

For the academic year 2023-2024, a total of 19,909 students (51% of all students) have received grants or scholarships and the average received aid amount is $11,363. It includes federal, state, local, institutional, or other sources of grant aid.
The following table describes the financial aid statistics by aid types at University of Minnesota-Twin Cities for all undergraduate students.
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 aid19,90951%$11,363
Pell Grants6,62117%$5,448
Federal Student Loans11,40629%$6,251

Beginning Students Financial Aid

a total of 5,427 beginning students (81% of all freshmen) have received any financial aid and 5,173 students (77% 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 University of Minnesota-Twin Cities.
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 Aid5,42781%-
Grants or Scholarship from All Sources4,18362%$11,807
Federal Grants1,47922%$6,361
Pell Grants1,47422%$5,835
Other Federal Grants1,33620%$604
State/Local Grants2,04130%$6,855
Institutional Grants4,06861%$6,389
Student Loans2,79142%$10,378
Federal Student Loans2,69640%$5,273
Other Student Loans92814%$15,893

Students Headcount by Living Status

For academic year 2023-2024, total 3,246 full-time beginning students have enrolled and attended University of Minnesota-Twin Cities. Among them, 2,312 students have lived on campus and 227 students lived off campus (without family). The following table shows the students count by living status and years.
Student Headcount by Living Location/Setting at University of Minnesota-Twin Cities
Living Status202120222023
Living On-Campus2,3782,2982,312
Living Off-Campus with Family367586584
Living Off-Campus without Family146234227

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.
Grants of Scholarship Aid Statistics By Income Level at University of Minnesota-Twin Cities
Income LevelNumber of StudentsNumber of Students AwardedTotal Amount Aid Awarded Average Amount Aid Awarded
All level2,7742,233$32,938,000$11,874
$0 - $30,000424424$9,222,481$21,751
$30,001 - $48,000361361$7,717,665$21,379
$48,001 - $75,000474474$8,604,142$18,152
$75,001 - $110,000433432$4,807,910$11,104
$110,001 or more1,082542$2,585,802$2,390
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