Rasmussen University-Minnesota is a private for-profit institution offering graduate degrees based in St. Cloud, Minnesota. It enrolls 8,617 students (a large student body), according to IPEDS 2023-24 data. Below you'll find verified data on admissions, cost, student outcomes, programs offered, and what graduates typically earn, all pulled from the U.S. Department of Education's College Scorecard and IPEDS.
US College Data scores each college on four pillars (outcomes, value, affordability, and selectivity) on a 0–100 scale, ranked within its peer group (4-Year Open / Online). Scores are calculated from verified College Scorecard and IPEDS data, not opinion or paid placement. Where data is missing, that pillar isn't scored.
Strong
73/100
UCD Score · 4-Year Open / Online
Outcomes87
Value31
Affordability56
Selectivity—
Admissions & Acceptance Rate
Admissions data is not yet reported for Rasmussen University-Minnesota.
Acceptance Rate
—
SAT Range (25th–75th)
—
Not reported
ACT Range (25th–75th)
—
Not reported
Cost & Financial Aid
The real cost of attending Rasmussen University-Minnesota isn't the sticker price. It's the net price,which is what most students actually pay after grants and scholarships. According to College Scorecard 2023-24 data, the average net price is $17,962 per year. That's below the typical net price for private for-profit colleges nationally.
Average Net Price
$17,962
Per year, after typical aid
Receive Pell Grants
60%
Need-based federal aid
Receive Federal Loans
69%
Borrowing to attend
Full Cost Breakdown
Published cost of attendance, the sticker price before grants and scholarships. Most students underestimate room & board and other expenses.
Tuition & Fees
$11,490
Room & Board (off-campus)
$10,269
Books & Supplies
$91
Other Expenses (off-campus)
$7,119
Total Cost of Attendance
$25,221
Net Price by Family Income
Aid is need-based, so net price varies by family income. Here's what each bracket typically pays after grants and scholarships.
Under $30,000
$17,104
$30,001 – $48,000
$17,088
$48,001 – $75,000
$19,170
$75,001 – $110,000
$22,575
Over $110,000
$20,667
Debt at Graduation
Cumulative federal-loan debt across the full borrowing distribution. The 10th and 90th percentiles bracket the typical range; the median sits in the middle.
$1,90010%percentile
$3,66825%percentile
$20,899Medianpercentile
$19,98775%percentile
$29,79990%percentile
Median Debt by Student Type
Median federal-loan debt at graduation broken down by demographic. Each slice's size is proportional to the dollar amount that group typically borrows.
GroupDebtvs Median
Pell recipients $13,000
↓ $7,899
No Pell $13,000
↓ $7,899
Dependent students $9,834
↓ $11,065
Independent students $14,000
↓ $6,899
Female students $13,000
↓ $7,899
Male students $12,500
↓ $8,399
Worth knowing:
Students who don't finish leave with a median debt of $6,334, less than completers ($20,899), but still a meaningful obligation without a degree in hand.
Graduation Rate & Retention
39% of full-time students who enrolled at Rasmussen University-Minnesota graduate within six years, and 100% return for their second year, per IPEDS 2023-24 completion data.
6-Year Graduation Rate
39%
Of students who graduate within six years
First-Year Retention
100%
Returning for their second year
What this means:
Lower than typical completion. Worth asking the school how they support students who fall behind.
After Graduation: Earnings & Outcomes
According to College Scorecard 2023-24 data, students who entered Rasmussen University-Minnesota earn a median of $39,080 ten years after first enrolling. That's close to the national median for U.S. colleges.
Median Earnings (10 yrs)
$39,080
Earning > $25K
64%
10 yrs after entry
Earnings Growth After Graduation
Median annual earnings 6, 8, and 10 years after students first enrolled.
Earnings by Demographic
Mean annual earnings 10 years after entry, segmented by demographic. Reveals gaps the headline median can't show.
By Gender
Female graduates
$31,600
Median earnings for female grads ten years after first enrolling here.
Male graduates
$45,900
Median earnings for male grads ten years after first enrolling here.
By Family Income at Entry
Family income (lowest third)
$30,000
Earnings of grads from the bottom-third of family incomes at entry.
Family income (middle third)
$38,100
Earnings of grads from the middle-third of family incomes at entry.
Family income (highest third)
$36,900
Earnings of grads from the top-third of family incomes at entry.
The gender gap:
Male graduates earn $14,300, about 31% more than female graduates ten years out. The gap reflects industry mix, role choice, and structural pay differences that exist across most US colleges.
Loan Repayment Progression
Share of completer-cohort borrowers paying down at least $1 of principal at the 1-, 3-, 5-, and 7-year mark. Climbing rates show graduates settling into careers and managing debt; flat or declining rates are a warning.
Climbing: graduates increasingly paying down debt ↑
25.6 pts
across 6 years
What this signals:
Moderate. Only 67% of graduates are paying down principal seven years out.
Who Studies Here
Rasmussen University-Minnesota is home to 8,617 students, a large student community. Some distinctive traits: 48% are first-generation college students, 48% study part-time.
Total Enrolled
8,617
Part-Time
48%
First-Generation
48%
Race & Ethnicity Breakdown
Undergraduate student body composition reported to the US Department of Education.
GroupShareStudents
White 39.6%3,411
Black 31.0%2,667
Hispanic 11.7%1,004
Asian 2.9%251
Other 2.5%217
Student Life & Campus Culture
Where students live, learn, and connect at Rasmussen University-Minnesota. The campus setting, housing profile, and signals that shape day-to-day life here.
Setting
Small CitySt. Cloud, Minnesota
Housing
Commuter campusNo on-campus housing
Adult Learners
80%of students are 25 or older
Athletics
NAIAathletic-conference member
Academic Calendar
Quarterscheduling structure
What You Can Study
Rasmussen University-Minnesota offers
an extensive catalog of programs:
40 distinct programs across
9 majors.
Below are its strongest majors, each with flagship programs and typical earnings.
Open a major to explore it in depth, or browse the full program catalog.
The student-to-faculty ratio at Rasmussen University-Minnesota is 14:1, close to the national average.
Student : Faculty
14:1
Students per instructional faculty member
Avg Faculty Salary
$67,920
9-month equivalent across all ranks
Faculty by Rank
101 instructional faculty across 1 ranks.
The rank mix shows how many senior faculty are teaching versus contingent or junior staff, with average salary equated to a 9-month contract.
Rank
Faculty Count
Share
Avg Salary
Instructors
101
100%
$67,920
Pros & Cons of Rasmussen University-Minnesota
A quick at-a-glance summary of how Rasmussen University-Minnesota tends to stack up for prospective students,weighing its data, size, setting, and cost profile together.
PROS
Below-average net price
Reasonable class sizes
Strong first-year retention
Wide reach of need-based federal aid
First-gen-friendly student body
CONS
Low completion rate, many students don't graduate within six years
Earnings outcomes are on the lower side
Most students take on federal loans
For-profit institution, verify accreditation and outcomes carefully
Best for:
Based on the data, Rasmussen University-Minnesota is a fit for
working adults or students needing part-time study options.
Frequently Asked Questions about Rasmussen University-Minnesota
Quick answers to the questions most students and parents ask. Every answer below is calculated from verified government data about Rasmussen University-Minnesota.
How much does Rasmussen University-Minnesota cost?
The average net price after aid at Rasmussen University-Minnesota is $17,962 per year, this is what students typically pay after grants and scholarships are applied. Net price data: College Scorecard 2023-24.
Is Rasmussen University-Minnesota worth it?
Moderate return on investment. Graduates earn a median of $39,080 ten years after entering, against an average net price of $17,962 per year. That's roughly 2.2x earnings-to-cost. Source: College Scorecard 2023-24.
What is Rasmussen University-Minnesota known for?
Rasmussen University-Minnesota is best known for its programs in Nursing, Business Administration, Nursing. These are the most popular fields by completed degrees, per IPEDS 2023-24 completion data.
What do Rasmussen University-Minnesota graduates earn?
Median earnings 10 years after entering Rasmussen University-Minnesota are $39,080, based on College Scorecard 2023-24 federal earnings data for Title IV recipients.
Is Rasmussen University-Minnesota accredited?
Yes. Rasmussen University-Minnesota is accredited by the Higher Learning Commission.
How many students attend Rasmussen University-Minnesota?
Rasmussen University-Minnesota enrolls 8,617 students, per IPEDS 2023-24 fall enrollment data.
What is the graduation rate at Rasmussen University-Minnesota?
Rasmussen University-Minnesota graduates 39% of full-time students within six years, per IPEDS 2023-24 completion data.
Is Rasmussen University-Minnesota a public or private college?
Rasmussen University-Minnesota is a Private For-Profit institution.
Where is Rasmussen University-Minnesota located?
Rasmussen University-Minnesota is located in St. Cloud, Minnesota.
What programs does Rasmussen University-Minnesota offer?
Rasmussen University-Minnesota offers 40 distinct programs. The most popular include Nursing, Business Administration, Nursing.
What is the student-to-faculty ratio at Rasmussen University-Minnesota?
The student-to-faculty ratio at Rasmussen University-Minnesota is 14:1, per IPEDS 2023-24 data.
Related Colleges in Minnesota
Other colleges in Minnesota share the same applicant pool, regional economy, and academic landscape. Comparing nearby options puts admissions, costs, and outcomes in context, useful when weighing your fit against local alternatives.
Liberal Arts
Nursing
Agricultural Business and Management
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