Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 19,226, which is 55.00 % of all undergraduate students. 13,355 students which is 38.22% of undergraduate students received federal student loans and the average loan amount is $6,413.

For full-time, first-time beginning students (freshmen), 61.56% of students received grants or scholarships and 45% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at University of Minnesota-Twin Cities since 2013.

For that period, the average number of students who received grants aid/scholarships is 19,226, which is 55.00 % of all undergraduate students. 13,355 students which is 38.22% of undergraduate students received federal student loans and the average loan amount is $6,413.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-1417,688 (51%)$7,5117,153 (21%)$4,36414,964 (43%)$6,684
2014-1518,604 (54%)$8,1046,960 (20%)$4,40914,527 (42%)$6,651
2015-1618,284 (54%)$8,6286,602 (19%)$4,44814,036 (41%)$6,478
2016-1721,145 (61%)$7,8676,591 (19%)$4,47714,063 (40%)$6,515
2017-1819,774 (56%)$9,0876,590 (19%)$4,57213,847 (39%)$6,407
2018-1919,328 (56%)$9,2536,360 (18%)$4,73513,350 (39%)$6,261
2019-2019,559 (56%)$9,5286,281 (18%)$4,80512,905 (37%)$6,278
2020-2119,050 (53%)$9,7825,880 (16%)$4,93911,446 (32%)$6,224
2021-2219,606 (54%)$10,4166,353 (18%)$5,10111,060 (31%)$6,219
Average19,226 (55.00%)$8,9086,530 (18.67%)$4,65013,355 (38.22%)$6,413
*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.

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

For the last 10 years, on average, 3,692 (61.56 % of students) received grants or scholarships and its average amount is $9,476. It can cover 26.03% of tuition & fees ($36,402) based on out-of-state rate.

In addition, 2,677 (44.89 % of students) students get helped from the students loans (average amount : $8,019).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-143,146 (57%)$8,0992,758 (50%)$7,086
2014-153,390 (61%)$8,6452,711 (49%)$7,306
2015-163,570 (62%)$8,6562,748 (48%)$7,654
2016-173,619 (62%)$8,7602,762 (47%)$7,553
2017-183,852 (62%)$9,5212,827 (46%)$7,797
2018-193,656 (61%)$9,3342,709 (45%)$8,166
2019-203,830 (61%)$10,5192,558 (41%)$8,087
2020-213,819 (65%)$10,3622,272 (38%)$8,804
2021-224,342 (63%)$11,3882,749 (40%)$9,722
Average3,692 (61.56%)$9,4762,677 (44.89%)$8,019
*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 10 years, on average, 1,128 (18.89 % of students) received Pell (federal) grants and its average amount is $4,678.

In addition, 1,509 students received State/local government grants/scholarships (25.11 % 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
2013-141,153 (21%)$4,2891,073 (19%)$5001,354 (24%)$4,3632,964 (54%)$4,753
2014-151,129 (20%)$4,2811,021 (18%)$5151,341 (24%)$4,7483,243 (59%)$5,421
2015-161,076 (19%)$4,4351,022 (18%)$5371,301 (23%)$5,0913,409 (59%)$5,561
2016-171,054 (18%)$4,465967 (17%)$6391,371 (23%)$5,4343,483 (59%)$5,434
2017-181,089 (18%)$4,6171,011 (16%)$6361,517 (25%)$5,4313,735 (60%)$6,095
2018-191,043 (17%)$4,829982 (16%)$6371,477 (25%)$5,7643,537 (59%)$5,640
2019-201,124 (18%)$4,9151,066 (17%)$6441,625 (26%)$5,9093,735 (60%)$6,553
2020-211,040 (18%)$5,002934 (16%)$7281,565 (26%)$6,1843,750 (63%)$6,404
2021-221,445 (21%)$5,2711,307 (19%)$6162,027 (30%)$6,3124,209 (62%)$6,707
Average1,128 (18.89%)$4,6781,043 (17.33%)$6061,509 (25.11%)$5,4713,563 (59.44%)$5,841
*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 10 years, on average, 2,677 (44.89 % of students) get any students loan help and its average loan amount is $2,677.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-142,758 (50%)$7,0862,703 (49%)$5,374558 (10%)$8,995
2014-152,711 (49%)$7,3062,668 (48%)$5,303561 (10%)$10,086
2015-162,748 (48%)$7,6542,682 (47%)$5,329596 (10%)$11,310
2016-172,762 (47%)$7,5532,713 (46%)$5,369517 (9%)$12,173
2017-182,827 (46%)$7,7972,770 (45%)$5,411572 (9%)$12,328
2018-192,709 (45%)$8,1662,657 (45%)$5,244624 (10%)$13,121
2019-202,558 (41%)$8,0872,497 (40%)$5,175562 (9%)$13,816
2020-212,272 (38%)$8,8042,209 (37%)$5,188576 (10%)$14,830
2021-222,749 (40%)$9,7222,680 (39%)$5,323818 (12%)$15,235
Average2,677 (44.89%)$8,0192,620 (44.00%)$5,302598 (9.89%)$12,433

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