Minnesota State University-Mankato

www.mnsu.edu

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2021 Undergraduate Tuition

$8,072

7.57% growth from 2020

2021 Average Net Price

$15,832

After Financial Aid

2019 Student Loan

1.24%

Default Rate

2021 Acceptance Rate

69.5%

9,859 Applicants

2021 Enrolled Students

14,576

73.4% Full-Time

2021 Graduation Rate

51.1%

1,215 Graduates

About

Minnesota State University-Mankato is a higher education institution located in Blue Earth County, MN. In 2021, the most popular Bachelors Degree concentrations at Minnesota State University-Mankato were Registered Nursing (266 degrees awarded), General Business Administration & Management (150 degrees), and General Psychology (126 degrees).

In 2021, 3,616 degrees were awarded across all undergraduate and graduate programs at Minnesota State University-Mankato. 60.4% of these degrees were awarded to women, and 39.6% awarded men. The most common race/ethnicity group of degree recipients was white (2,709 degrees), 19.4 times more than then the next closest race/ethnicity group, black or african american (140 degrees).

The median undergraduate tuition at Minnesota State University-Mankato is $8,072, which is $−15,112 less than the national average for Masters Colleges and Universities ($23,184).

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Masters Colleges & Universities: Larger Programs Masters Colleges and Universities

Costs

In 2021, the median undergraduate tuition at Minnesota State University-Mankato is $8,072, which is $−15,112 less than the national average for Masters Colleges and Universities ($23,184).

After taking grants and loans into account, the average net price for students is $15,832.

In 2021, 57% of undergraduate students attending Minnesota State University-Mankato received financial aid through grants. Comparatively, 46% of undergraduate students received financial aid through loans.

Tuition Costs

$8,072

2021 Undergraduate Tuition

In 2021, the cost of tuition at Minnesota State University-Mankato was $8,072. The cost of tuition at Minnesota State University-Mankato is $−15,112 less than than the overall (public and private) national average for Masters Colleges and Universities ($23,184).

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

Average Net Price

$15,832

2021 Value

4.15%

1 Year Growth

In 2021 Minnesota State University-Mankato had an average net price — the price paid after factoring in grants and loans — of $15,832. Between 2020 and 2021, the average net price of Minnesota State University-Mankato grew by 4.15%.

This chart compares the average net price of Minnesota State University-Mankato (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

$8,835

Room and Board

$1,042

Books and Supplies

The average yearly cost of room and board at Minnesota State University-Mankato was of $8,835 in 2021. The cost of room and board increased by 1.99% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $1,042. The cost of books and supplies did not change during the same period.

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

Financial Aid by Income Level

57%

Undergraduates Receiving Financial Aid through Grants

46%

Undergraduates Receiving Financial Aid through Loans

57% of undergraduate students at Minnesota State University-Mankato received financial aid through grants or loans in 2021. This represents a decline of 32.1% with respect to 2020, when 84% of undergraduate students received financial aid.

This chart compares the average award discount at Minnesota State University-Mankato (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.

1.24%

2019 Default Rate

Number of Defaults

In 2019 the default rate for borrower's at Minnesota State University-Mankato was 1.24%, which represents 43 out of the 3462 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.

Admissions

Minnesota State University-Mankato received 9,859 undergraduate applications in 2021, which represents a 5.3% annual growth. Out of those 9,859 applicants, 6,850 students were accepted for enrollment, representing a 69.5% acceptance rate.

There were 14,576 students enrolled at Minnesota State University-Mankato in 2021.

Minnesota State University-Mankato has an overall enrollment yield of 30.8%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

69.5%

Acceptance Rate in 2021

6,850

Accepted Out of 9,859

In 2021, the undergraduate acceptance rate of Minnesota State University-Mankato was 69.5% (6,850 admissions from 9,859 applications). This is higher than the acceptance rate of 2020, which was 67.3%. Between 2020 and 2021, the number of applicants grew by 5.3%, while admissions declined by −2.17%..

This chart compares the acceptance rate of Minnesota State University-Mankato (in red) with that of other similar universities, and the chart below shows the acceptance rate by gender.

Enrollment

Minnesota State University-Mankato had a total enrollment of 14,576 students in 2021. The full-time enrollment at Minnesota State University-Mankato is 10,704 students and the part-time enrollment is 3,872. This means that 73.4% of students enrolled at Minnesota State University-Mankato are enrolled full-time.

The enrolled student population at Minnesota State University-Mankato, both undergraduate and graduate, is 72.1% White, 5.58% Black or African American, 5.08% Hispanic or Latino, 3.58% Asian, 3.27% Two or More Races, 0.309% American Indian or Alaska Native, and 0.0412% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Minnesota State University-Mankato in full-time Undergraduate programs are most commonly White Female (39.5%), followed by White Male (32.6%) and Black or African American Male (2.89%). Students enrolled in full-time Graduate programs are most commonly White Female (53.7%), followed by White Male (18.1%) and Hispanic or Latino Female (3.89%).

Full-Time vs Part-Time Enrollment

73.4%

Full-Time Enrollment

The total enrollment at Minnesota State University-Mankato in 2021, both undergraduate and graduate, is 14,576 students. The full-time enrollment at Minnesota State University-Mankato is 10,704 and the part-time enrollment is 3,872. This means that 73.4% of students enrolled at Minnesota State University-Mankato are enrolled full-time compared with 68.3% at similar Masters Colleges and Universities.

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

Retention Rate over Time

75%

2021 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 Minnesota State University-Mankato was 75%. Compared with the full-time retention rate at similar Masters Colleges and Universities (73%), Minnesota State University-Mankato had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
10,516 enrolled students
Black or African American
813 enrolled students
Hispanic or Latino
741 enrolled students

The enrolled student population at Minnesota State University-Mankato is 72.1% White, 5.58% Black or African American, 5.08% Hispanic or Latino, 3.58% Asian, 3.27% Two or More Races, 0.309% American Indian or Alaska Native, and 0.0412% 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 Masters Colleges and Universities is 52% White, 16.9% Hispanic or Latino, and 12.8% 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, 187 students (1.28%) did not report their race.

Graduates

In 2021, 754 more women than men received degrees from Minnesota State University-Mankato. The most common race/ethnicity group of degree recipients at Minnesota State University-Mankato is white (2,709 degrees awarded). There were 19.4 times more white recipients than the next closest race/ethnicity group, black or african american (140 degrees).

The most common Bachelor's Degree concentration at Minnesota State University-Mankato is Registered Nursing (266 degrees awarded), followed by General Business Administration & Management (150 degrees) and General Psychology (126 degrees).

In 2021, the most specialized majors across all degree types at Minnesota State University-Mankato, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Parks, Recreation, & Leisure (175 degrees awarded), Transportation (60 degrees), and EDUCATION. (635 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 Minnesota State University-Mankato are Elementary & middle school teachers (1,666,035 people), Secondary school teachers (428,564 people), Education administrators (277,292 people), Other managers (208,100 people), and Special education teachers (175,900 people).

The most specialized majors at Minnesota State University-Mankato in 2021 are Parks, Recreation, & Leisure (175 degrees awarded), Transportation (60 degrees), EDUCATION. (635 degrees), Cultural & Gender Studies (24 degrees), and Communications (141 degrees) (as of 2021).

Highest Paying Jobs by Major

Physicians

Highest Paying Job

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Minnesota State University-Mankato are Physicians, Media and communication workers, all other, Surgeons, Securities, commodities, & financial services sales agents, and Nuclear medicine technologists and medical dosimetrists

The most specialized majors at Minnesota State University-Mankato are Parks, Recreation, & Leisure (175 degrees awarded), Transportation (60 degrees), EDUCATION. (635 degrees), Cultural & Gender Studies (24 degrees), and Communications (141 degrees) (as of 2021).

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 Minnesota State University-Mankato are Elementary & secondary schools (2,812,484 people), Colleges, universities & professional schools, including junior colleges (341,294 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (202,220 people), Computer Systems Design (139,371 people), and Insurance carriers (107,416 people).

Majors Awarded

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

Most Common (2021)

Registered Nursing
266 degree-majors awarded
General Business Administration & Management
150 degree-majors awarded
General Psychology
126 degree-majors awarded

In 2021, the most common bachelors degree concentration at Minnesota State University-Mankato was Registered Nursing with 266 degrees awarded.

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

Sex Breakdown for Common Majors

1,431

Degrees Awarded to Men

in 2021

2,185

Degrees Awarded to Women

in 2021

In 2021, 1,431 degrees were awarded to men at Minnesota State University-Mankato, which is 0.655 times less than the number of degrees awarded to females (2,185).

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

Most Common Male Majors

In 2021, 108 degrees were awarded to men at Minnesota State University-Mankato in General Business Administration & Management, which is 1.57 times more than the 69 female recipients with that same degree.

Most Common Female Majors

In 2021, 238 degrees were awarded to men at Minnesota State University-Mankato in Registered Nursing, which is 8.5 times more than the 28 male recipients with that same degree.

Time to Complete

26%

100% Completion Time

49%

150% Completion Time

In 2021, 26% of students graduating from Minnesota State University-Mankato completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 49% completed their degrees within 150% of the normal time, and 51% within 200%.

The following chart shows these completion rates over time compared to the average for the Masters Colleges and Universities 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.

American Indian or Alaska Native Female

Highest Graduation Rate (83.3%)

The student demographic with the highest graduation rate in 2021 at Minnesota State University-Mankato is Female and American Indian or Alaska Native (83.3% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (72.9%).

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.

The National Center for Education Statistics (NCES) categorizes any student who is studying in the United States on a temporary basis as a "Non-Resident Alien", and the graduation rate of those students is shown in the chart below. Additionally, 1.65% of graduates (20 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
2,709 degrees awarded
Black or African American
140 degrees awarded
Hispanic or Latino
133 degrees awarded

The most common race/ethnicity at Minnesota State University-Mankato is white (2,709 degrees awarded). There were 19.4 times more white recipients than the next closest race/ethnicity group, black or african american (140 degrees).

1.44% of degree recipients (52 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
1,716 degrees awarded
White Male
993 degrees awarded
Black or African American Female
83 degrees awarded

The most common race/ethnicity and sex grouping at Minnesota State University-Mankato is white female (1,716 degrees awarded). There were 1.73 times more white female recipients than the next closest race/ethnicity group, white male (993 degrees).

Operations

Minnesota State University-Mankato has an endowment valued at nearly $74.3M, as of the end of the 2021 fiscal year. The return on its endowment was of 619k (0.833%) compared to the 13.1% average return (6.61M on 50.4M) across all Masters Colleges and Universities.

In 2021, Minnesota State University-Mankato had a total salary expenditure of 258M. Minnesota State University-Mankato employs 182 Professors, 152 Associate professors and 146 Assistant professors. Most academics at Minnesota State University-Mankato are Male Professor (101), Female Assistant professor (83), and Female Professor (81).

The most common positions for non-instructional staff at Minnesota State University-Mankato are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 193 employees, Office and Administrative Support, with 129 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 91 employees.

Endowment

$74.3M

2021 Endowment

40.5%

growth from 2020

Minnesota State University-Mankato has an endowment valued at about $74.3M, as of the end of the 2021 fiscal year. The endowment of Minnesota State University-Mankato grew 40.5% from the previous year. The value of their endowment was $23.9M higher than than the median endowment of Masters Colleges and Universities according to the Carnegie Classification grouping.

This line chart shows how the endowment at Minnesota State University-Mankato (in red) compares to that of some similar universities.

The small bar chart below shows the endowment quintiles for all universities in the Masters Colleges & Universities: Larger Programs Carnegie Classification grouping.

Salary Expenditure

$117M

2021 Salaries

1.58%

growth from 2020

In 2021, Minnesota State University-Mankato paid a median of $117M in salaries, which represents 45.5% of their overall expenditure ($258M) and a 1.58% growth from the previous year.

The median for similar Masters Colleges and Universities is 35.1M (41.3% of overall expenditures).

Instructional Salaries

$43M

Instructional Salaries

489

Number of Employees

In 2021, Minnesota State University-Mankato paid a total of $43M to 489 employees working as instructors, which represents 36.6% of all salaries paid.

This is compared to a median of $11M (31.3%) for similar Masters Colleges and Universities.

Occupations by Share

Professor

Most Common Instructor

182 Employees

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

Most Common Non-Instructional Employee

193 Employees

In 2021, the most common positions for instructional staff at Minnesota State University-Mankato were Professor with 182 employees, Associate professor with 152 employees, and Assistant professor with 146 employees.

In 2021, the most common positions for non-instructional staff at Minnesota State University-Mankato were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 193 employees, Office and Administrative Support with 129 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 91 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Male Professor
Female Assistant professor
Female Professor

In 2021, the most common demographic for instructional staff at Minnesota State University-Mankato was Male Professor with 101 employees, Female Assistant professor with 83 employees, and Female Professor with 81 employees.

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