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National Application Center :: campus tours :: Minnesota State University Mankato costs & financial aid

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Minnesota State University Mankato

Minnesota State University Mankato
228 Wiecking Center
Mankato, MN 56001-6062

Official telephone: (507) 389-1866
Toll-free telephone: (800) 722-0544
Fax number: (507) 389-2227
Website: www.mnsu.edu
Screen last updated on: December 2016

The financial aid information below is valid for the 2015 academic year.

FINANCIAL AID OFFICE
Financial aid officer: Sandra Loerts,
Director of Financial Aid
Contacting the office: 507 389-1866
800 627-3529 (toll free)
507 389-2227 (fax)
campushub@mnsu.edu
FAFSA number: 002360

EXPENSES
Undergraduate tuition: $6,904; $14,648 out-of-state
Tuition notes: $10,908 (Midwest Student Exchange). Manitoba, North Dakota, South Dakota, and Wisconsin residents pay in-state tuition.
Additional required fees: $932
Book fees: $900
Miscellaneous expenses: $2,170
Other expenses: Transportation/parking, laundry, clothing, personal/health/miscellaneous.
Combined room and board expenses: $8,430

APPLYING FOR AID

Required form Priority date Rolling? Closing date
FAFSAMarch 15noN/A
alternative loan application, PLUS loan applicationMarch 15noN/A

Date award notification begins: March 30
Applied for financial aid:
86% of first-year students
79% of full-time undergraduates
54% of part-time undergraduates
Determined to have financial need:
66% of first-year students
72% of full-time undergraduates
83% of part-time undergraduates
Students determined to have financial need who received any financial aid:
99% of first-year students
98% of full-time undergraduates
92% of part-time undergraduates
Students determined to have financial need who received any need-based gift aid:
69% of first-year students
68% of full-time undergraduates
66% of part-time undergraduates
Students receiving financial aid who received need-based self-help aid:
98% of first-year students
96% of full-time undergraduates
90% of part-time undergraduates
Students receiving financial aid who received any non-need-based gift aid:
38% of first-year students
24% of full-time undergraduates
11% of part-time undergraduates
Students receiving financial aid whose need was fully met (excluding PLUS loans and private alternative loans):
24% of first-year students
22% of full-time undergraduates
5% of part-time undergraduates
Average percent of need that was met of students who received any need-based aid (excluding PLUS loans and private alternative loans):
70% for first-year students
70% for full-time undergraduates
45% for part-time undergraduates
Average financial aid package (excluding PLUS loans and private alternative loans):
$9,510 for first-year students
$9,218 for full-time undergraduates
$6,267 for part-time undergraduates
Average need-based gift award:
$5,658 for first-year students
$5,285 for full-time undergraduates
$2,894 for part-time undergraduates
Average need-based self-help award (excluding PLUS loans and private alternative loans):
$4,776 for first-year students
$4,941 for full-time undergraduates
$4,221 for part-time undergraduates
Average need-based loan (excluding PLUS loans and private alternative loans):
$3,810 for first-year students
$4,315 for full-time undergraduates
$4,020 for part-time undergraduates
Students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
9% of first-year students
4% of full-time undergraduates
2% of part-time undergraduates
Average award to students who had no financial aid need and who received non-need-based aid (excluding athletic awards and tuition benefits):
$2,638 for first-year students
$3,392 for full-time undergraduates
$2,847 for part-time undergraduates
Students who received a non-need-based athletic award:
1% of first-year students
0% of full-time undergraduates
Average non-need-based athletic award:
$6,411 for first-year students
$6,142 for full-time undergraduates
School participates in Federal Work-Study Program: yes

TYPES OF AID AVAILABLE
Types of loans available:
  • Direct Subsidized Stafford Loans
  • Direct Unsubsidized Stafford Loans
  • Direct PLUS Loans
  • FFEL Subsidized Stafford Loans
  • FFEL Unsubsidized Stafford Loans
  • FFEL PLUS Loans
  • Federal Perkins Loans
  • State Loans
  • private/alternative loans.
Parent loans packaged to meet need: no
Percent of undergraduates who have borrowed through all loan programs: 74%
Average student debt upon graduation: $31,117
Types of payment plans:
  • school's own payment plan(s)
Need-based scholarships/grants available:
  • need-based (general)
  • Federal Pell Grants
  • SEOG
  • state scholarships/grants
  • college/university scholarships/grants (institutional funds)
  • private scholarships/grants
Non-need-based scholarships/grants available:
  • non-need-based (general)
  • academic merit scholarships/grants
  • creative arts/performance
  • special achievements/activities
  • special characteristics
  • athletic scholarships
  • ROTC scholarships

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