Payback
EarningsPlus
Economic score
Rasmussen University, Minnesota is a for-profit located in St. Cloud, Minnesota. Rasmussen University-Minnesota has an open admissions policy.
Return on educational investment at Rasmussen University-Minnesota is in the bottom 10% of all ranked schools. The median student earns $35,667 10 years after enrolling, 35th in Minnesota, and in the bottom 10% nationally. When adjusted for earning differences by major, Rasmussen University-Minnesota bachelor students earn 5% less than the national average.
Rasmussen University, Minnesota’s median net annual cost of $19,075 and average years to graduate of 3.3 are reported only at the school level. We assume these same costs and graduation time for all programs.
The top 2 programs at Rasmussen University-Minnesota sorted by number of graduates - Registered Nursing, Health Administrative Services - are shown below.
Annual net cost
$19,075
Average years to graduate
3.3
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
When a school's graduation rate falls in the bottom 25% in the country, we do not display an economic ranking.
The average full-time graduate completes their degree in 3.3 years. 43% of all students graduate within 8 years including part-time students. The graduation rate at Rasmussen University-Minnesota is 21% lower than the state average, and 1% below the average for all community college - baccalaureates in the country.
At Rasmussen University-Minnesota, Pell Grant recipients represent 53% of the measured graduating class, 18% higher than the national average of 35%. The average Pell Grant recipient at Rasmussen University-Minnesota graduates within 4 years.
We calculate this performance by adjusting the graduation rate of Pell students by their percentage of the student body. This adjustment is made to prevent schools with large numbers of Pell students from underperforming in comparison to schools with few Pell students but high graduation rates.
Rasmussen University, Minnesota’s economic mobility score of 2.04 is calculated by adjusting the 17.87 economic score of lower-income students by the 53% pell grant recipients within the student body. Rasmussen University-Minnesota’s EMS of 2.04 ranks in the bottom 5% nationally. Please note that the economic mobility score considers only students that have graduated.
Economic Mobility
To calculate economic mobility of low-income (household earnings below $30,000) students, we adjust each institution’s economic score by their percentage of Pell Grant students. The logic of this Pell-adjusted calculation is derived from Third Way’s Economic Mobility Index (EMI).
Bottom 5%
The average Title IV recipient at Rasmussen University, Minnesota pays $19,075 a year, $-6,758 less than the $12,317 advertised. See below the cost breakdown for students who receive Title IV grants, broken down by income level.
Average net price
The average net price shown by income level for all students that receive Title IV aid. Calculated by deducting the average grant and scholarship aid from tuition, fees, books, and room and board. Limited to first-time, full-time students. Public institution figures are calculated using in-state tuition figures.
Median net price $19,075
Much of the gap between net price and sticker price is filled by institutional and government grants. At Rasmussen University-Minnesota, 88% of students receive some grants and scholarships, compared to the national average of 87% for all colleges and universities. The average amount of federal, state, and institutional grants that students receive is shown on the right.
This leaves a total of $19,075 on average to be covered by the student – be it through loans or out of pocket. In total, 87% of students take out loans, federal or private, at an average amount of $9,109. This is 33% more than the national average.
Federal grants
$8,072
Pell grants
$4,864
State grants
$1,851
Institutional grants
$1,746
Full time
75%
83%
Female
81%
59%
First time
21%
59%
In-state
98%
68%
1st generation
48%
35%
White
48%
52%
Black
20%
14%
Hispanic
6%
15%
Asian
4%
5%
American Indian
1%
1.6%
Pacific Islander
N/A
0.3%
Other
22%
12%