Financial Aid at UMTC

19,909 students (51% of total 39,248 undergraduate students) have awarded federal, state, local, institutional or other sources of grant aid at University of Minnesota-Twin Cities (UMTC). The average amount of the aid awarded is $11,363.

For the first-time, full-time beginning students (freshmen), 81% of total 6,705 enrolled students have received any kind of financial aid and its average amount of aid received is $11,807.

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All Undergraduate Financial Aid

At University of Minnesota-Twin Cities, 19,909 undergraduate students (51% of total 39,248 students) have received financial aid including grants, scholarships, and/or federal student loans. The average amount of aid received is $11,363.

Financial Aid Statistics (All Undergraduate Students) - UMTC
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Grant or Scholarship19,90951% $226,222,104$11,363
Pell Grants6,62117% $36,074,381$5,448
Federal Student Loan11,40629% $71,302,560$6,251

Beginning Undergraduate Students (Freshmen) Financial Aid

5,427 beginning undergraduate students (81% of total 6,705 enrolled freshmen) have received financial aid including grants, scholarships, and/or federal student loans at University of Minnesota-Twin Cities. The average amount of aid received is $11,807.

Financial Aid Statistics (First-time Full-time Beginning Undergraduate Students) - UMTC
Type of AidNumber Receiving AidPercent Receiving Aid Total Amount of Aid ReceivedAverage Amount of Aid Received
Any Financial Aid5,42781% --
Grants or Scholarships4,18362%$49,387,244$11,807
Federal Grants1,47922%$9,407,352$6,361
Pell Grants1,47422%$8,600,202$5,835
Other Federal Grants1,33620%$807,150$604
State/Local Grants2,04130%$13,990,263$6,855
Institutional Grants4,06861%$25,989,629$6,389
Student Loan Aid2,79142%$28,964,416$10,378
Federal Student Loans2,69640%$14,216,168$5,273
Other Student Loans92814%$14,748,248$15,893

Grants and Scholarship Aid By Income Level (Paying In-State Tuition)

The following table shows the number of students awarded and the average grants / scholarship aid amount by income level for the academic year 2022-2023 at University of Minnesota-Twin Cities.

The sources of grants and scholarship aid are the federal government, state/local government, or the institution. For the statistics, only students who paid the in-state or in-district tuition rate are considered.

Grants of Scholarship Aid Statistics By Income Level
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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