Rasmussen College-Minnesota

rasmussen.edu

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2021 Undergraduate Tuition

$11,573

3.43% growth from 2020

2021 Average Net Price

$18,239

After Financial Aid

2019 Student Loan

1.62%

Default Rate

2021 Enrolled Students

3,914

47.9% Full-Time

2021 Graduation Rate

30.8%

16 Graduates

About

Rasmussen College-Minnesota is a higher education institution located in Stearns County, MN. In 2021, the most popular Associates Degree concentrations at Rasmussen College-Minnesota were Registered Nursing (674 degrees awarded), General Business Administration & Management (71 degrees), and General Health Services (50 degrees).

In 2021, 1,966 degrees were awarded across all undergraduate and graduate programs at Rasmussen College-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 (997 degrees), 2.92 times more than then the next closest race/ethnicity group, black or african american (341 degrees).

The median undergraduate tuition at Rasmussen College-Minnesota is $11,573, which is $−211 less than the national average for Baccalaureate/Associates Colleges ($11,784).

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

Costs

In 2021, the median undergraduate tuition at Rasmussen College-Minnesota is $11,573, which is $−211 less than the national average for Baccalaureate/Associates Colleges ($11,784).

After taking grants and loans into account, the average net price for students is $18,239.

In 2021, 88% of undergraduate students attending Rasmussen College-Minnesota received financial aid through grants. Comparatively, 81% of undergraduate students received financial aid through loans.

Tuition Costs

$11,573

2021 Undergraduate Tuition

In 2021, the cost of tuition at Rasmussen College-Minnesota was $11,573. The cost of tuition at Rasmussen College-Minnesota is $−211 less than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($11,784).

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

Average Net Price

$18,239

2021 Value

2.24%

1 Year Growth

In 2021 Rasmussen College-Minnesota had an average net price — the price paid after factoring in grants and loans — of $18,239. Between 2020 and 2021, the average net price of Rasmussen College-Minnesota grew by 2.24%.

This chart compares the average net price of Rasmussen College-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

$8,613

Room and Board

$84

Books and Supplies

The average yearly cost of room and board at Rasmussen College-Minnesota was of $8,613 in 2021. The cost of room and board increased by 2.13% between 2020 and 2021.

During the same period, the average yearly cost of books and supplies was $84. The cost of books and supplies decreased by 53.3% during the same period.

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

Financial Aid by Income Level

88%

Undergraduates Receiving Financial Aid through Grants

81%

Undergraduates Receiving Financial Aid through Loans

88% of undergraduate students at Rasmussen College-Minnesota received financial aid through grants or loans in 2021. This represents a growth of 11.4% with respect to 2020, when 79% of undergraduate students received financial aid.

This chart compares the average award discount at Rasmussen College-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.

1.62%

2019 Default Rate

185

Number of Defaults

In 2019 the default rate for borrower's at Rasmussen College-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.

Enrollment

Rasmussen College-Minnesota had a total enrollment of 3,914 students in 2021. The full-time enrollment at Rasmussen College-Minnesota is 1,875 students and the part-time enrollment is 2,039. This means that 47.9% of students enrolled at Rasmussen College-Minnesota are enrolled full-time.

The enrolled student population at Rasmussen College-Minnesota, both undergraduate and graduate, is 45.2% White, 25.3% Black or African American, 5.62% Hispanic or Latino, 4.78% Asian, 2.76% Two or More Races, 0.383% American Indian or Alaska Native, and 0.23% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Rasmussen College-Minnesota in full-time Undergraduate programs are most commonly White Female (41.7%), followed by Black or African American Female (18.8%) and White Male (7.73%). Students enrolled in full-time Graduate programs are most commonly White Female (50.8%), followed by Black or African American Female (12.2%) and White Male (8.84%).

Full-Time vs Part-Time Enrollment

47.9%

Full-Time Enrollment

The total enrollment at Rasmussen College-Minnesota in 2021, both undergraduate and graduate, is 3,914 students. The full-time enrollment at Rasmussen College-Minnesota is 1,875 and the part-time enrollment is 2,039. This means that 47.9% of students enrolled at Rasmussen College-Minnesota are enrolled full-time compared with 42.4% at similar Baccalaureate/Associates Colleges.

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

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 College-Minnesota was 100%. Compared with the full-time retention rate at similar Baccalaureate/Associates Colleges (59%), Rasmussen College-Minnesota had a retention rate higher than its peers.

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

Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2021)

White
1,771 enrolled students
Black or African American
990 enrolled students
Hispanic or Latino
220 enrolled students

The enrolled student population at Rasmussen College-Minnesota is 45.2% White, 25.3% Black or African American, 5.62% Hispanic or Latino, 4.78% Asian, 2.76% Two or More Races, 0.383% American Indian or Alaska Native, and 0.23% 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 43.3% White, 26.7% Hispanic or Latino, and 13.8% Black or African American.

Graduates

In 2021, 1,374 more women than men received degrees from Rasmussen College-Minnesota. The most common race/ethnicity group of degree recipients at Rasmussen College-Minnesota is white (997 degrees awarded). There were 2.92 times more white recipients than the next closest race/ethnicity group, black or african american (341 degrees).

The most common Associates Degree concentration at Rasmussen College-Minnesota is Registered Nursing (674 degrees awarded), followed by General Business Administration & Management (71 degrees) and General Health Services (50 degrees).

In 2021, the most specialized majors across all degree types at Rasmussen College-Minnesota, meaning they have significantly more degrees awarded in that concentration than the national average across all institutions, are Health (1,283 degrees awarded), Protective Services (82 degrees), and Legal (30 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 College-Minnesota are Elementary & middle school teachers (1,797,810 people), Registered nurses (1,453,030 people), Accountants & auditors (1,068,499 people), Other managers (786,148 people), and Financial managers (491,728 people).

The most specialized majors at Rasmussen College-Minnesota in 2021 are Health (1,283 degrees awarded), Protective Services (82 degrees), Legal (30 degrees), Business (378 degrees), and EDUCATION. (111 degrees) (as of 2021).

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 College-Minnesota are Surgeons, Physicians, Magnetic resonance imaging technologists, Chief executives & legislators, and Cardiovascular technologists and technicians

The most specialized majors at Rasmussen College-Minnesota are Health (1,283 degrees awarded), Protective Services (82 degrees), Legal (30 degrees), Business (378 degrees), and EDUCATION. (111 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 Rasmussen College-Minnesota are Elementary & secondary schools (3,261,774 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,837,422 people), Colleges, universities & professional schools, including junior colleges (625,553 people), Justice, public order, & safety activities (527,484 people), and Computer Systems Design (516,409 people).

Majors Awarded

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

Most Common (2020)

Registered Nursing
662 degree-majors awarded
Health Information & Medical Records Technology
64 degree-majors awarded
General Business Administration & Management
62 degree-majors awarded

In 2020, the most common associates degree concentration at Rasmussen College-Minnesota was Registered Nursing with 662 degrees awarded.

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

Sex Breakdown for Common Majors

296

Degrees Awarded to Men

in 2021

1,670

Degrees Awarded to Women

in 2021

In 2021, 296 degrees were awarded to men at Rasmussen College-Minnesota, which is 0.177 times less than the number of degrees awarded to females (1,670).

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

Most Common Male Majors

In 2021, 104 degrees were awarded to men at Rasmussen College-Minnesota in Registered Nursing, which is 0.152 times less than the 685 female recipients with that same degree.

Most Common Female Majors

In 2021, 685 degrees were awarded to men at Rasmussen College-Minnesota in Registered Nursing, which is 6.59 times more than the 104 male recipients with that same degree.

Time to Complete

10%

100% Completion Time

10%

150% Completion Time

In 2021, 10% of students graduating from Rasmussen College-Minnesota completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 10% completed their degrees within 150% of the normal time, and 10% 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.

Two or More Races Female

Highest Graduation Rate (50%)

The student demographic with the highest graduation rate in 2021 at Rasmussen College-Minnesota is Female and Two or More Races (50% graduation rate). Across all Baccalaureate/Associates Colleges, 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.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2021)

White
997 degrees awarded
Black or African American
341 degrees awarded
Hispanic or Latino
110 degrees awarded

The most common race/ethnicity at Rasmussen College-Minnesota is white (997 degrees awarded). There were 2.92 times more white recipients than the next closest race/ethnicity group, black or african american (341 degrees).

19% of degree recipients (374 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2021)

White Female
847 degrees awarded
Black or African American Female
266 degrees awarded
White Male
150 degrees awarded

The most common race/ethnicity and sex grouping at Rasmussen College-Minnesota is white female (847 degrees awarded). There were 3.18 times more white female recipients than the next closest race/ethnicity group, black or african american female (266 degrees).

Operations

Rasmussen College-Minnesota employs 81 Instructors. Most academics at Rasmussen College-Minnesota are Female Instructor (69), and Male Instructor (12).

The most common positions for non-instructional staff at Rasmussen College-Minnesota are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 177 employees, Management, with 69 employees, and Office and Administrative Support with 18 employees.

Salary Expenditure

$24.8M

2021 Salaries

6.14%

decline from 2020

In 2021, Rasmussen College-Minnesota paid a median of $24.8M in salaries, a 6.14% decline from the previous year.

The median for similar Baccalaureate/Associates Colleges is 12.8M (34.8% of overall expenditures).

Instructional Salaries

$7.39M

Instructional Salaries

Number of Employees

In 2021, Rasmussen College-Minnesota paid a total of $7.39M to 81 employees working as instructors, which represents 29.8% of all salaries paid.

This is compared to a median of $3.32M (26%) for similar Baccalaureate/Associates Colleges.

Occupations by Share

Instructor

Most Common Instructor

81 Employees

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

Most Common Non-Instructional Employee

177 Employees

In 2021, the most common positions for instructional staff at Rasmussen College-Minnesota was Instructor with 81 employees.

In 2021, the most common positions for non-instructional staff at Rasmussen College-Minnesota were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 177 employees, Management with 69 employees, and Office and Administrative Support with 18 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2021)

Female Instructor
Male Instructor

In 2021, the most common demographic for instructional staff at Rasmussen College-Minnesota was Female Instructor with 69 employees, and Male Instructor with 12 employees.

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