How U of Minnesota-Rochester'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 University of Minnesota-Rochester since 2013.

For that period, the average number of students who received grants aid/scholarships is 411, which is 79.78 % of all undergraduate students. 306 students which is 59.44% of undergraduate students received federal student loans and the average loan amount is $6,227.

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	401 (81%)	$5,422	138 (28%)	$4,097	331 (67%)	$6,564
2014-15	427 (88%)	$5,454	147 (30%)	$4,353	329 (67%)	$6,780
2015-16	370 (89%)	$5,546	120 (29%)	$4,275	271 (65%)	$6,683
2016-17	389 (89%)	$6,876	144 (33%)	$4,176	273 (63%)	$6,361
2017-18	347 (74%)	$9,084	156 (33%)	$4,630	294 (62%)	$6,130
2018-19	399 (75%)	$9,588	177 (33%)	$4,910	316 (59%)	$5,953
2019-20	409 (72%)	$10,191	203 (35%)	$4,754	310 (54%)	$6,011
2020-21	467 (74%)	$11,103	237 (38%)	$5,073	322 (51%)	$5,689
2021-22	488 (76%)	$10,973	239 (37%)	$5,190	306 (47%)	$5,870
Average	411 (79.78%)	$8,249	173 (32.89%)	$4,606	306 (59.44%)	$6,227

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

Overview

For the last 10 years, on average, 112 (71.89 % of students) received grants or scholarships and its average amount is $9,165. It can cover 63.64% of tuition & fees ($14,400) based on out-of-state rate.

In addition, 100 (64.89 % of students) students get helped from the students loans (average amount : $8,024).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	91 (59%)	$6,999	110 (71%)	$7,114
2014-15	85 (76%)	$6,565	82 (73%)	$7,617
2015-16	63 (72%)	$8,025	65 (74%)	$6,735
2016-17	114 (79%)	$9,830	96 (66%)	$7,019
2017-18	142 (76%)	$9,313	130 (69%)	$8,093
2018-19	119 (70%)	$8,522	107 (63%)	$8,163
2019-20	120 (74%)	$10,095	96 (59%)	$8,613
2020-21	160 (74%)	$11,299	114 (53%)	$8,196
2021-22	114 (67%)	$11,833	96 (56%)	$10,668
Average	112 (71.89%)	$9,165	100 (64.89%)	$8,024

^*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, 54 (34.67 % of students) received Pell (federal) grants and its average amount is $4,631.

In addition, 70 students received State/local government grants/scholarships (44.22 % 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	39 (25%)	$4,262	37 (24%)	$500	58 (37%)	$4,103	88 (57%)	$2,435
2014-15	36 (32%)	$3,781	36 (32%)	$500	47 (42%)	$4,906	78 (70%)	$2,222
2015-16	34 (39%)	$4,104	34 (39%)	$500	35 (40%)	$5,580	61 (69%)	$2,520
2016-17	54 (37%)	$4,390	50 (34%)	$600	64 (44%)	$5,590	108 (74%)	$4,590
2017-18	62 (33%)	$4,934	55 (29%)	$600	94 (50%)	$5,270	134 (71%)	$3,643
2018-19	54 (32%)	$4,753	54 (32%)	$598	68 (40%)	$6,210	107 (63%)	$2,830
2019-20	61 (37%)	$4,703	59 (36%)	$600	78 (48%)	$6,314	111 (68%)	$3,573
2020-21	88 (41%)	$5,238	80 (37%)	$693	108 (50%)	$6,403	149 (69%)	$4,027
2021-22	62 (36%)	$5,514	55 (32%)	$600	80 (47%)	$6,507	103 (60%)	$4,403
Average	54 (34.67%)	$4,631	51 (32.78%)	$577	70 (44.22%)	$5,654	104 (66.78%)	$3,360

^*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, 100 (64.89 % of students) get any students loan help and its average loan amount is $100.

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	110 (71%)	$7,114	101 (65%)	$5,160	26 (17%)	$10,054
2014-15	82 (73%)	$7,617	78 (70%)	$5,504	19 (17%)	$10,277
2015-16	65 (74%)	$6,735	63 (72%)	$5,292	13 (15%)	$8,029
2016-17	96 (66%)	$7,019	94 (65%)	$5,169	19 (13%)	$9,892
2017-18	130 (69%)	$8,093	129 (69%)	$5,458	32 (17%)	$10,878
2018-19	107 (63%)	$8,163	106 (63%)	$5,155	26 (15%)	$12,576
2019-20	96 (59%)	$8,613	91 (56%)	$5,252	27 (17%)	$12,922
2020-21	114 (53%)	$8,196	112 (52%)	$5,132	28 (13%)	$12,843
2021-22	96 (56%)	$10,668	94 (55%)	$4,895	42 (25%)	$13,428
Average	100 (64.89%)	$8,024	96 (63.00%)	$5,224	26 (16.56%)	$11,211

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Scholarships, Grants, and Loan Trends at U of Minnesota-Rochester

All Undergraduate Students Financial Aid Over Time

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