Scholarships, Grants, and Loan Trends at Minneapolis Business

Over the past 6 years (2013-2018), the average number of students who received grants aid/scholarships is 176, which is 78.20 % of all undergraduate students. 206 students which is 91.60% of undergraduate students received federal student loans and the average loan amount is $6,930.
For full-time, first-time beginning students (freshmen), 75.40% of students received grants or scholarships and 89% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Minneapolis Business College since 2013.
For that period, the average number of students who received grants aid/scholarships is 176, which is 78.20 % of all undergraduate students. 206 students which is 91.60% of undergraduate students received federal student loans and the average loan amount is $6,930.
YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14205 (75%)$5,250180 (66%)$4,276257 (94%)$6,867
2014-15177 (78%)$5,704150 (66%)$4,093195 (86%)$7,439
2015-16176 (82%)$5,238145 (67%)$4,141195 (91%)$6,905
2016-17161 (77%)$5,859135 (65%)$4,253192 (92%)$6,773
2017-18159 (79%)$5,479143 (71%)$4,122191 (95%)$6,668
Average176 (78.20%)$5,506151 (67.00%)$4,177206 (91.60%)$6,930

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 6 years, on average, 80 (75.40 % of students) received grants or scholarships and its average amount is $6,306. It can cover 41.71% of tuition & fees ($15,120).
In addition, 95 (89.00 % of students) students get helped from the students loans (average amount : $9,056).
Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1489 (77%)$6,193109 (95%)$9,597
2014-1585 (71%)$5,79493 (78%)$8,722
2015-1672 (75%)$6,28982 (85%)$9,099
2016-1784 (71%)$6,772106 (90%)$8,723
2017-1872 (83%)$6,48284 (97%)$9,137
Average80 (75.40%)$6,30695 (89.00%)$9,056
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.
The following table shows the trends of grants or scholarships over time. For the last 6 years, on average, 69 (65.00 % of students) received Pell (federal) grants and its average amount is $5,026.
In addition, 71 students received State/local government grants/scholarships (67.20 % of students).
Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-1479 (69%)$5,16079 (69%)$34679 (69%)$1,28914 (12%)$1,027
2014-1567 (56%)$4,98567 (56%)$40371 (59%)$1,63915 (13%)$1,009
2015-1661 (64%)$5,08561 (64%)$37062 (65%)$1,70713 (14%)$1,100
2016-1773 (62%)$4,86673 (62%)$58978 (66%)$2,00314 (12%)$1,029
2017-1864 (74%)$5,03464 (74%)$23267 (77%)$1,8018 (9%)$1,125
Average69 (65.00%)$5,02669 (65.00%)$38871 (67.20%)$1,68813 (12.00%)$1,058
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students..
The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.
For the last 6 years, on average, 95 (89.00 % of students) get any students loan help and its average loan amount is $95.
YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14109 (95%)$9,597108 (94%)$8,34121 (18%)$6,915
2014-1593 (78%)$8,72292 (77%)$8,02311 (9%)$6,638
2015-1682 (85%)$9,09980 (83%)$7,95015 (16%)$7,340
2016-17106 (90%)$8,723106 (90%)$7,80210 (8%)$9,763
2017-1884 (97%)$9,13784 (97%)$8,27812 (14%)$6,017
Average95 (89.00%)$9,05694 (88.20%)$8,07914 (13.00%)$7,335
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