These programs are an important part of overall funding for higher education in Minnesota. They assist students and families in paying the tuition and fees charged for postsecondary education.
Financial aid totaling more than $2.5 billion helps Minnesota students and families pay for postsecondary education, money that is provided by the state and federal governments, colleges, and private sources. Minnesota students receive approximately $1.5 billion in grants and scholarships, $1.0 billion in loans and $49 million in work-study earnings.
Minnesota devotes most of its state-funded financial aid to students from low- and moderate-income families via several grants and scholarships:
Additional student financial aid is available to Minnesota students through work and loans:
Find staff reports on student financial aid and data about Minnesota's student financing programs.
Related Information in Minnesota Measures