How Minnesota State University-Mankato's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Minnesota State University-Mankato since 2013.

For that period, the average number of students who received grants aid/scholarships is 7,265, which is 56.33 % of all undergraduate students. 6,813 students which is 52.44% of undergraduate students received federal student loans and the average loan amount is $6,421.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	6,581 (49%)	$4,861	3,887 (29%)	$3,917	7,943 (59%)	$6,652
2014-15	6,459 (48%)	$5,076	3,772 (28%)	$3,913	7,794 (58%)	$6,513
2015-16	6,318 (48%)	$5,075	3,606 (27%)	$3,973	7,482 (56%)	$6,463
2016-17	6,487 (49%)	$5,216	3,455 (26%)	$3,928	7,217 (55%)	$6,513
2017-18	6,870 (54%)	$5,471	3,483 (27%)	$4,017	6,812 (53%)	$6,417
2018-19	6,768 (54%)	$5,624	3,179 (25%)	$4,131	6,359 (51%)	$6,238
2019-20	10,495 (84%)	$4,062	3,063 (25%)	$4,100	6,360 (51%)	$6,263
2020-21	7,392 (57%)	$5,951	2,912 (23%)	$4,215	5,936 (46%)	$6,286
2021-22	8,011 (64%)	$7,300	2,814 (22%)	$4,174	5,416 (43%)	$6,440
Average	7,265 (56.33%)	$5,404	3,352 (25.78%)	$4,041	6,813 (52.44%)	$6,421

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

Overview

For the last 10 years, on average, 1,438 (62.89 % of students) received grants or scholarships and its average amount is $5,190. It can cover 27.52% of tuition & fees ($18,860) based on out-of-state rate.

In addition, 1,491 (64.78 % of students) students get helped from the students loans (average amount : $8,621).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	1,326 (54%)	$4,691	1,676 (69%)	$7,867
2014-15	1,269 (56%)	$4,844	1,613 (71%)	$7,992
2015-16	1,264 (53%)	$4,921	1,603 (67%)	$8,190
2016-17	1,373 (57%)	$5,108	1,586 (65%)	$8,485
2017-18	1,376 (61%)	$5,366	1,413 (63%)	$8,396
2018-19	1,383 (59%)	$5,537	1,509 (64%)	$8,728
2019-20	2,163 (96%)	$3,778	1,533 (68%)	$9,104
2020-21	1,271 (57%)	$5,502	1,323 (60%)	$9,314
2021-22	1,515 (73%)	$6,961	1,162 (56%)	$9,511
Average	1,438 (62.89%)	$5,190	1,491 (64.78%)	$8,621

^*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.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 645 (28.00 % of students) received Pell (federal) grants and its average amount is $4,260.

In addition, 794 students received State/local government grants/scholarships (34.56 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	783 (32%)	$4,056	322 (13%)	$759	862 (35%)	$1,950	546 (22%)	$2,049
2014-15	728 (32%)	$4,059	346 (15%)	$698	846 (37%)	$2,096	491 (22%)	$2,397
2015-16	705 (30%)	$4,228	303 (13%)	$709	840 (35%)	$2,215	494 (21%)	$2,356
2016-17	669 (28%)	$4,072	306 (13%)	$722	793 (33%)	$2,494	649 (27%)	$3,221
2017-18	669 (30%)	$4,231	311 (14%)	$703	804 (36%)	$2,694	674 (30%)	$3,218
2018-19	643 (27%)	$4,381	329 (14%)	$717	841 (36%)	$2,900	687 (29%)	$3,153
2019-20	613 (27%)	$4,318	2,012 (89%)	$565	809 (36%)	$2,967	609 (27%)	$3,263
2020-21	510 (23%)	$4,485	787 (35%)	$1,207	683 (31%)	$3,113	758 (34%)	$2,149
2021-22	484 (23%)	$4,511	991 (48%)	$3,365	672 (32%)	$3,215	1,097 (53%)	$2,614
Average	645 (28.00%)	$4,260	634 (28.22%)	$1,049	794 (34.56%)	$2,627	667 (29.44%)	$2,713

^*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..

Student Loans

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 10 years, on average, 1,491 (64.78 % of students) get any students loan help and its average loan amount is $1,491.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	1,676 (69%)	$7,867	1,666 (68%)	$5,700	426 (17%)	$8,662
2014-15	1,613 (71%)	$7,992	1,602 (70%)	$5,693	425 (19%)	$8,871
2015-16	1,603 (67%)	$8,190	1,591 (67%)	$5,570	453 (19%)	$9,419
2016-17	1,586 (65%)	$8,485	1,577 (65%)	$5,749	467 (19%)	$9,402
2017-18	1,413 (63%)	$8,396	1,406 (62%)	$5,700	402 (18%)	$9,573
2018-19	1,509 (64%)	$8,728	1,489 (63%)	$5,497	472 (20%)	$10,561
2019-20	1,533 (68%)	$9,104	1,516 (67%)	$5,492	529 (23%)	$10,644
2020-21	1,323 (60%)	$9,314	1,302 (59%)	$5,516	426 (19%)	$12,068
2021-22	1,162 (56%)	$9,511	1,133 (55%)	$5,492	393 (19%)	$12,289
Average	1,491 (64.78%)	$8,621	1,476 (64.00%)	$5,601	444 (19.22%)	$10,165

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Scholarships, Grants, and Loan Trends at Minnesota State University-Mankato

All Undergraduate Students Financial Aid Over Time

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