Rasmussen University-Minnesota

rasmussen.edu

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2023 Undergraduate Tuition

$10,207

13.6% growth from 2022

2023 Average Net Price

$16,397

After Financial Aid

2020 Default Rate

on Student Loans

2023 Enrolled Students

8,823

51.5% Full-Time

About

Rasmussen University-Minnesota is a higher education institution located in Stearns County, MN. In 2023, the most popular Associates Degree concentrations at Rasmussen University-Minnesota were Registered Nursing (711 degrees awarded), General Business Administration & Management (48 degrees), and Criminal Justice - Police Science (45 degrees).

In 2023, 1,985 degrees were awarded across all undergraduate and graduate programs at Rasmussen University-Minnesota. 84.9% of these degrees were awarded to women, and 15.1% awarded men. The most common race/ethnicity group of degree recipients was white (984 degrees), 2.09 times more than then the next closest race/ethnicity group, black or african american (470 degrees).

The median undergraduate tuition at Rasmussen University-Minnesota is $10,207, which is $−1,984 less than the national average for Baccalaureate/Associates Colleges ($12,192).

In 2020 the default rate for borrower's at Rasmussen University-Minnesota was 0%, corresponding to 0 out of the 12,001 total borrowers.

Baccalaureate/Associates Colleges: Mixed Baccalaureate/Associates Baccalaureate/Associates Colleges

Costs

In 2023, the median undergraduate tuition at Rasmussen University-Minnesota is $10,207, which is $1,985 less than the national average for Baccalaureate/Associates Colleges ($12,192).

After taking grants and loans into account, the average net price for students is $16,397.

In 2023, 74% of undergraduate students attending Rasmussen University-Minnesota received financial aid through grants. Comparatively, 73% of undergraduate students received financial aid through loans.

Tuition Costs

$10,207

2023 Undergraduate Tuition

In 2023, the cost of tuition at Rasmussen University-Minnesota was $10,207. The cost of tuition at Rasmussen University-Minnesota is $−1,985 less than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($12,192).

This chart compares the tuition costs of Rasmussen University-Minnesota (in red) with those of other similar universities.

Average Net Price

$16,397

2023 Value

8.18%

1 Year Growth

In 2023 Rasmussen University-Minnesota had an average net price — the price paid after factoring in grants and loans — of $16,397. Between 2022 and 2023, the average net price of Rasmussen University-Minnesota grew by 8.18%.

This chart compares the average net price of Rasmussen University-Minnesota (in red) with that of other similar universities.

Average net price is calculated from full-time beginning undergraduate students who were awarded a grant or scholarship from federal, state or local governments, or the institution.

Other Student Expenses

$9,270

Room and Board

$72

Books and Supplies

The average yearly cost of room and board at Rasmussen University-Minnesota was of $9,270 in 2023. The cost of room and board increased by 6.3% between 2022 and 2023.

During the same period, the average yearly cost of books and supplies was $72. The cost of books and supplies decreased by 2.7% during the same period.

This chart compares the average student costs at Rasmussen University-Minnesota (in red) with that of similar universities.

Financial Aid by Income Level

74%

Undergraduates Receiving Financial Aid through Grants

73%

Undergraduates Receiving Financial Aid through Loans

74% of undergraduate students at Rasmussen University-Minnesota received financial aid through grants or loans in 2023. This represents a growth of 0% with respect to 2022, when 74% of undergraduate students received financial aid.

This chart compares the average award discount at Rasmussen University-Minnesota (in red) with that of other similar universities.

The average award discount is the ratio between the average grant or scholarship value, and the cost, which is the sum of out-of-state tuition, room, board, book, supplies, and other expenses.

Student Loan Default Rate

Cohort default rates only account for borrowers who default in the first three years, and some schools only have a small proportion of borrowers entering repayment. These rates should be interpreted with caution, as they may not be reflective of the entire school population.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Rasmussen University-Minnesota was 0%, which represents 0 out of the 12001 total borrowers.

A cohort default rate is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1 to September 30, and default or meet other specified conditions prior to the end of the second following fiscal year.

Enrollment

Rasmussen University-Minnesota had a total enrollment of 8,823 students in 2023. The full-time enrollment at Rasmussen University-Minnesota is 4,548 students and the part-time enrollment is 4,275. This means that 51.5% of students enrolled at Rasmussen University-Minnesota are enrolled full-time.

The enrolled student population at Rasmussen University-Minnesota, both undergraduate and graduate, is 44.8% White, 26.4% Black or African American, 11.5% Hispanic or Latino, 3.55% Asian, 1.62% Two or More Races, 1.07% American Indian or Alaska Native, and 0.272% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Rasmussen University-Minnesota in full-time Undergraduate programs are most commonly White Female (37.7%), followed by Black or African American Female (22.3%) and Hispanic or Latino Female (8.46%). Students enrolled in full-time Graduate programs are most commonly White Female (44.4%), followed by Black or African American Female (13.6%) and White Male (9.2%).

Full-Time vs Part-Time Enrollment

51.5%

Full-Time Enrollment

The total enrollment at Rasmussen University-Minnesota in 2023, both undergraduate and graduate, is 8,823 students. The full-time enrollment at Rasmussen University-Minnesota is 4,548 and the part-time enrollment is 4,275. This means that 51.5% of students enrolled at Rasmussen University-Minnesota are enrolled full-time compared with 44% at similar Baccalaureate/Associates Colleges.

This chart shows the full-time vs part-time enrollment status at Rasmussen University-Minnesota (in red) compares to similar universities.

Retention Rate over Time

100%

2023 Retention Rate

Retention rate measures the number of first-time students who began their studies the previous fall and returned to school the following fall. The retention rate for full-time undergraduates at Rasmussen University-Minnesota was 100%. Compared with the full-time retention rate at similar Baccalaureate/Associates Colleges (62%), Rasmussen University-Minnesota had a retention rate higher than its peers.

This chart shows the retention rate over time at Rasmussen University-Minnesota (highlighted in red) compares to similar universities.

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)

White
3,952 enrolled students
Black or African American
2,328 enrolled students
Hispanic or Latino
1,019 enrolled students

The enrolled student population at Rasmussen University-Minnesota is 44.8% White, 26.4% Black or African American, 11.5% Hispanic or Latino, 3.55% Asian, 1.62% Two or More Races, 1.07% American Indian or Alaska Native, and 0.272% Native Hawaiian or Other Pacific Islanders. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate/Associates Colleges is 42.4% White, 27.4% Hispanic or Latino, and 13.9% Black or African American.

Any student who is studying in the United States on a temporary basis is categorized as a "Non-Resident Alien", and the share of those students are shown in the chart below. Additionally, 949 students (10.8%) did not report their race.

Graduates

In 2023, 1,385 more women than men received degrees from Rasmussen University-Minnesota. The most common race/ethnicity group of degree recipients at Rasmussen University-Minnesota is white (984 degrees awarded). There were 2.09 times more white recipients than the next closest race/ethnicity group, black or african american (470 degrees).

The most common Associates Degree concentration at Rasmussen University-Minnesota is Registered Nursing (711 degrees awarded), followed by General Business Administration & Management (48 degrees) and Criminal Justice - Police Science (45 degrees).

In 2023, the most specialized majors across all degree types at Rasmussen University-Minnesota, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Health (1,259 degrees awarded), Business (422 degrees), and Education (159 degrees).

Common Jobs by Major

Elementary & middle school teachers

Most Common Job

The most common jobs for people who hold a degree in one of the 5 most specialized majors at Rasmussen University-Minnesota are Elementary & middle school teachers (1,658,498 people), Registered nurses (1,584,963 people), Accountants & auditors (1,055,789 people), Other managers (871,627 people), and Secondary school teachers (559,677 people).

The most specialized majors at Rasmussen University-Minnesota in 2023 are Health (1,259 degrees awarded), Business (422 degrees), Education (159 degrees), Protective Services (47 degrees), and Legal (22 degrees) (as of 2023).

Highest Paying Jobs by Major

Surgeons

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Rasmussen University-Minnesota are Surgeons, Physicians, Photographic process workers & processing machine operators, Cardiovascular technologists and technicians, and Magnetic resonance imaging technologists

The most specialized majors at Rasmussen University-Minnesota are Health (1,259 degrees awarded), Business (422 degrees), Education (159 degrees), Protective Services (47 degrees), and Legal (22 degrees) (as of 2023).

Common Industries by Major

Elementary & secondary schools

Most Common Industry

The most common industries for people who hold a degree in one of the 5 most specialized majors at Rasmussen University-Minnesota are Elementary & secondary schools (3,293,979 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,887,159 people), Colleges, universities & professional schools, including junior colleges (647,490 people), Computer Systems Design (562,446 people), and Justice, public order, & safety activities (542,346 people).

Majors Awarded

IPEDS uses the Classification of Instructional Programs (CIP) standard, so the categories may not match the exact concentrations offered by Rasmussen University-Minnesota.

Most Common (2023)

Registered Nursing
711 degrees awarded
General Business Administration & Management
48 degrees awarded
Criminal Justice - Police Science
45 degrees awarded

In 2023, the most common associates degree concentration at Rasmussen University-Minnesota was Registered Nursing with 711 degrees awarded.

This visualization illustrates the percentage of degree-majors recipients from associates degree programs at Rasmussen University-Minnesota according to their major.

Sex Breakdown for Common Majors

300

Degrees Awarded to Men

in 2023

1,685

Degrees Awarded to Women

in 2023

In 2023, 300 degrees were awarded to men at Rasmussen University-Minnesota, which is 0.178 times less than the number of degrees awarded to females (1,685).

This chart displays the sex disparity between the top 5 majors at Rasmussen University-Minnesota by degrees awarded.

Most Common Male Majors

In 2023, 101 degrees were awarded to men at Rasmussen University-Minnesota in Registered Nursing, which is 0.134 times less than the 753 female recipients with that same degree.

Most Common Female Majors

In 2023, 753 degrees were awarded to men at Rasmussen University-Minnesota in Registered Nursing, which is 7.46 times more than the 101 male recipients with that same degree.

Time to Complete

18%

100% Completion Time

18%

150% Completion Time

In 2022, 18% of students graduating from Rasmussen University-Minnesota completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 18% completed their degrees within 150% of the normal time, and 18% within 200%.

The following chart shows these completion rates over time compared to the average for the Baccalaureate/Associates Colleges Carnegie Classification group.

Graduation rate is defined as the percentage of full-time, first-time students who received a degree or award within a specific percentage of "normal time" to completion for their program.

Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.

White Male

Highest Graduation Rate (0%)

The student demographic with the highest graduation rate in 2023 at Rasmussen University-Minnesota is Male and White (0% graduation rate). Across all Baccalaureate/Associates Colleges, Non-resident Alien Male students have the highest graduation rate (65.7%).

The department of education defines graduation rate as the percentage of full-time, first-time students who received a degree or award within 150% of "normal time" to completion.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)

White
984 degrees awarded
Black or African American
470 degrees awarded
Hispanic or Latino
135 degrees awarded

The most common race/ethnicity at Rasmussen University-Minnesota is white (984 degrees awarded). There were 2.09 times more white recipients than the next closest race/ethnicity group, black or african american (470 degrees).

11.8% of degree recipients (235 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2023)

White Female
834 degrees awarded
Black or African American Female
398 degrees awarded
White Male
150 degrees awarded

The most common race/ethnicity and sex grouping at Rasmussen University-Minnesota is white female (834 degrees awarded). There were 2.1 times more white female recipients than the next closest race/ethnicity group, black or african american female (398 degrees).

Operations

Rasmussen University-Minnesota employs 101 Instructors. Most academics at Rasmussen University-Minnesota are Female Instructor (82), and Male Instructor (19).

The most common positions for non-instructional staff at Rasmussen University-Minnesota are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 181 employees, Management, with 66 employees, and Office and Administrative Support with 16 employees.

Salary Expenditure

$34.6M

2023 Salaries

27.3%

decline from 2022

In 2023, Rasmussen University-Minnesota paid a median of $34.6M in salaries, a 27.3% decline from the previous year. This is compared to a 92% growth between 2021 and 2022, and a 6.14% decline between 2020 and 2021.

The median for similar Baccalaureate/Associates Colleges is 13M (33.2% of overall expenditures).

Instructional Salaries

$9.15M

Instructional Salaries

101

Number of Employees

In 2023, Rasmussen University-Minnesota paid a total of $9.15M to 101 employees working as instructors, which represents 26.4% of all salaries paid.

This is compared to a median of $533k (3.76%) for similar Baccalaureate/Associates Colleges.

Occupations by Share

Instructor

Most Common Instructor

101 Employees

Librarians, Curators, Archivists, and Academic Affairs and Other Education Services

Most Common Non-Instructional Employee

181 Employees

In 2023, the most common positions for instructional staff at Rasmussen University-Minnesota was Instructor with 101 employees.

In 2023, the most common positions for non-instructional staff at Rasmussen University-Minnesota were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 181 employees, Management with 66 employees, and Office and Administrative Support with 16 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2023)

Female Instructor
Male Instructor

In 2023, the most common demographic for instructional staff at Rasmussen University-Minnesota was Female Instructor with 82 employees, and Male Instructor with 19 employees.

This chart shows the sex split between each academic rank present at Rasmussen University-Minnesota.

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