Rasmussen University-Minnesota

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2022 Undergraduate Tuition
$11,817
2.11% growth from 2021
2022 Average Net Price
$17,858
After Financial Aid
2019 Default Rate
1.62%
on Student Loans
2022 Enrolled Students
3,058
53.4% Full-Time
2022 Graduation Rate
48.5%
79 Graduates

About

Rasmussen University-Minnesota is a higher education institution located in Stearns County, MN. In 2022, the most popular Associates Degree concentrations at Rasmussen University-Minnesota were Registered Nursing (855 degrees awarded), Criminal Justice - Police Science (67 degrees), and General Business Administration & Management (64 degrees).

In 2022, 2,068 degrees were awarded across all undergraduate and graduate programs at Rasmussen University-Minnesota. 85.9% of these degrees were awarded to women, and 14.1% awarded men. The most common race/ethnicity group of degree recipients was white (1,080 degrees), 2.57 times more than then the next closest race/ethnicity group, black or african american (420 degrees).

The median undergraduate tuition at Rasmussen University-Minnesota is $11,817, which is $−147 less than the national average for Baccalaureate/Associates Colleges ($11,964).

Costs

In 2022, the median undergraduate tuition at Rasmussen University-Minnesota is $11,817, which is $−147 less than the national average for Baccalaureate/Associates Colleges ($11,964).

After taking grants and loans into account, the average net price for students is $17,858.

In 2022, 74% of undergraduate students attending Rasmussen University-Minnesota received financial aid through grants. Comparatively, 74% of undergraduate students received financial aid through loans.

Tuition Costs

$11,817
2022 Undergraduate Tuition

In 2022, the cost of tuition at Rasmussen University-Minnesota was $11,817. The cost of tuition at Rasmussen University-Minnesota is $−147 less than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($11,964).

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Average Net Price

$17,858
2022 Value
2.09%
1 Year Growth

In 2022 Rasmussen University-Minnesota had an average net price — the price paid after factoring in grants and loans — of $17,858. Between 2021 and 2022, the average net price of Rasmussen University-Minnesota grew by 2.09%.

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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.

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Other Student Expenses

$8,721
Room and Board
$74
Books and Supplies

The average yearly cost of room and board at Rasmussen University-Minnesota was of $8,721 in 2022. The cost of room and board increased by 1.25% between 2021 and 2022.

During the same period, the average yearly cost of books and supplies was $74. The cost of books and supplies decreased by 11.9% during the same period.

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Financial Aid by Income Level

74%
Undergraduates Receiving Financial Aid through Grants
74%
Undergraduates Receiving Financial Aid through Loans

74% of undergraduate students at Rasmussen University-Minnesota received financial aid through grants or loans in 2022. This represents a decline of 15.9% with respect to 2021, when 88% 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.

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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.
1.62%
2019 Default Rate
185
Number of Defaults

In 2019 the default rate for borrower's at Rasmussen University-Minnesota was 1.62%, which represents 185 out of the 11394 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.

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Enrollment

Rasmussen University-Minnesota had a total enrollment of 3,058 students in 2022. The full-time enrollment at Rasmussen University-Minnesota is 1,633 students and the part-time enrollment is 1,425. This means that 53.4% of students enrolled at Rasmussen University-Minnesota are enrolled full-time.

The enrolled student population at Rasmussen University-Minnesota, both undergraduate and graduate, is 44.9% White, 28% Black or African American, 6.25% Hispanic or Latino, 4.84% Asian, 3.37% Two or More Races, 0.36% American Indian or Alaska Native, and 0.229% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Rasmussen University-Minnesota in full-time Undergraduate programs are most commonly White Female (37.3%), followed by Black or African American Female (21.9%) and White Male (9.02%). Students enrolled in full-time Graduate programs are most commonly White Female (48.3%), followed by Black or African American Female (12%) and White Male (10.4%).

Full-Time vs Part-Time Enrollment

53.4%
Full-Time Enrollment

The total enrollment at Rasmussen University-Minnesota in 2022, both undergraduate and graduate, is 3,058 students. The full-time enrollment at Rasmussen University-Minnesota is 1,633 and the part-time enrollment is 1,425. This means that 53.4% of students enrolled at Rasmussen University-Minnesota are enrolled full-time compared with 43.2% 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.

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Retention Rate over Time

100%
2020 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 (63%), Rasmussen University-Minnesota had a retention rate higher than its peers.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2022)
  1. White
    1,372 enrolled students
  2. Black or African American
    856 enrolled students
  3. Hispanic or Latino
    191 enrolled students

The enrolled student population at Rasmussen University-Minnesota is 44.9% White, 28% Black or African American, 6.25% Hispanic or Latino, 4.84% Asian, 3.37% Two or More Races, 0.36% American Indian or Alaska Native, and 0.229% 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 42.6% White, 27.7% Hispanic or Latino, and 14% Black or African American.

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Graduates

In 2022, 1,486 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 (1,080 degrees awarded). There were 2.57 times more white recipients than the next closest race/ethnicity group, black or african american (420 degrees).

The most common Associates Degree concentration at Rasmussen University-Minnesota is Registered Nursing (855 degrees awarded), followed by Criminal Justice - Police Science (67 degrees) and General Business Administration & Management (64 degrees).

In 2022,  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 (1,421 degrees awarded), Protective Services (77 degrees), and Business (342 degrees).

Common Jobs by Major

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 (1,733,413 people), Registered nurses (1,522,079 people), Accountants & auditors (1,068,470 people), Other managers (826,449 people), and Financial managers (518,086 people).

The most specialized majors at Rasmussen University-Minnesota in 2022 are Health (1,421 degrees awarded), Protective Services (77 degrees), Business (342 degrees), Legal (26 degrees), and Education (117 degrees) (as of 2022).

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Highest Paying Jobs by Major

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 (1,421 degrees awarded), Protective Services (77 degrees), Business (342 degrees), Legal (26 degrees), and Education (117 degrees) (as of 2022).

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Common Industries by Major

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).

The most specialized majors at Rasmussen University-Minnesota are Health (1,421 degrees awarded), Protective Services (77 degrees), Business (342 degrees), Legal (26 degrees), and Education (117 degrees) (as of 2022).

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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 (2021)
  1. 674 degrees awarded
  2. 71 degrees awarded
  3. 50 degrees awarded

In 2021, the most common associates degree concentration at Rasmussen University-Minnesota was Registered Nursing with 674 degrees awarded.

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

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Sex Breakdown for Common Majors

291
Degrees Awarded to Men
in 2022
1,777
Degrees Awarded to Women
in 2022

In 2022, 291 degrees were awarded to men at Rasmussen University-Minnesota, which is 0.164 times less than the number of degrees awarded to females (1,777).

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

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Most Common Male Majors

In 2022, 105 degrees were awarded to men at Rasmussen University-Minnesota in Registered Nursing, which is 0.119 times less than the 881 female recipients with that same degree.

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Most Common Female Majors

In 2022, 881 degrees were awarded to men at Rasmussen University-Minnesota in Registered Nursing, which is 8.39 times more than the 105 male recipients with that same degree.

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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.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
American Indian or Alaska Native Female
Highest Graduation Rate (100%)

The student demographic with the highest graduation rate in 2022 at Rasmussen University-Minnesota is Female and American Indian or Alaska Native (100% graduation rate). Across all Baccalaureate/Associates Colleges, Asian Female students have the highest graduation rate (73.2%).

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.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)
  1. White
    1,080 degrees awarded
  2. Black or African American
    420 degrees awarded
  3. Hispanic or Latino
    106 degrees awarded

The most common race/ethnicity at Rasmussen University-Minnesota is white (1,080 degrees awarded). There were 2.57 times more white recipients than the next closest race/ethnicity group, black or african american (420 degrees).

13.9% of degree recipients (287 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2022)
  1. White Female
    937 degrees awarded
  2. Black or African American Female
    347 degrees awarded
  3. White Male
    143 degrees awarded

The most common race/ethnicity and sex grouping at Rasmussen University-Minnesota is white female (937 degrees awarded). There were 2.7 times more white female recipients than the next closest race/ethnicity group, black or african american female (347 degrees).

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Operations

Rasmussen University-Minnesota employs 73 Instructors. Most academics at Rasmussen University-Minnesota are Female Instructor (63), and Male Instructor (10).

The most common positions for non-instructional staff at Rasmussen University-Minnesota are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 124 employees, Management, with 41 employees, and Office and Administrative Support with 18 employees.

Salary Expenditure

$47.6M
2022 Salaries
92%
growth from 2021

In 2022, Rasmussen University-Minnesota paid a median of $47.6M in salaries, a 92% growth from the previous year.

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

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Instructional Salaries

$6.95M
Instructional Salaries
73
Number of Employees

In 2022, Rasmussen University-Minnesota paid a total of $6.95M to 73 employees working as instructors, which represents 14.6% of all salaries paid.

This is compared to a median of $3.45M (26.6%) for similar Baccalaureate/Associates Colleges.

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Occupations by Share

Instructor
Most Common Instructor
73 Employees
Librarians, Curators, Archivists, and Academic Affairs and Other Education Services
Most Common Non-Instructional Employee
124 Employees

In 2022, the most common positions for instructional staff at Rasmussen University-Minnesota was Instructor with 73 employees.

In 2022, the most common positions for non-instructional staff at Rasmussen University-Minnesota were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 124 employees, Management with 41 employees, and Office and Administrative Support with 18 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2022)
  1. Female Instructor
  2. Male Instructor

In 2022, the most common demographic for instructional staff at Rasmussen University-Minnesota was Female Instructor with 63 employees, and Male Instructor with 10 employees.

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

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