Rasmussen University-Minnesota
St. Cloud, MN 56301-3713 — Private For-Profit
Value Score: 65/100 | ROI Score: -15 | Affordability Score: 90/100
Tuition (In-State): $11,490 | Out-of-State: $11,490
Graduation Rate: 53.3% | Retention Rate: 100.0%
Median Earnings (10yr): $39,080 | Median Debt: $20,899
Student Body Size: 8,617 (medium)
Pell Grant Recipients: 59.6% | Federal Loan Rate: 69.4%
Average Faculty Salary: $6,523/month
Tuition & Affordability Analysis
In-state tuition at Rasmussen University-Minnesota is $11,490 per year, which is 71% below the national average for private institutions.
Out-of-state students pay $11,490/year — a premium of $0 over in-state rates. Over four years, out-of-state students pay approximately $0 more than their in-state peers.
Estimated four-year tuition cost: $45,960 (tuition only, not including room, board, and fees).
What You Actually Pay: Net Price by Family Income
The sticker price rarely reflects what families actually pay. After grants and scholarships, here is the average net price by family income bracket at Rasmussen University-Minnesota:
- Families earning $0–$30,000: $17,104/year
- Families earning $30,001–$48,000: $17,088/year
- Families earning $48,001–$75,000: $19,170/year
- Families earning $75,001–$110,000: $22,575/year
- Families earning $110,000+: $20,667/year
Graduate Outcomes & Return on Investment
53.3% of students at Rasmussen University-Minnesota complete their degree, 14% below the national average. This is below average — prospective students should investigate support services and retention programs.
First-year retention rate: 100.0% (23% above the national average). A retention rate above 90% signals high student satisfaction and strong first-year experience programs.
Graduates of Rasmussen University-Minnesota earn a median salary of $39,080 ten years after enrollment, 4% below the national average. This represents a $4,080/year earnings premium over the average high school diploma holder, or $122,400 in additional lifetime earnings over a 30-year career.
The median student debt at graduation is $20,899, near the national average. On a standard 10-year repayment plan at 5.5% interest, this translates to approximately $227/month, with a total repayment of $27,240 (including $6,341 in interest).
Debt-to-Earnings Ratio: 0.53x. This is a healthy ratio, suggesting debt is manageable for most graduates.
Breakeven Point: Based on the earnings premium over high school graduates, a degree from Rasmussen University-Minnesota pays for itself in approximately 12 years. This is a longer payback period — consider whether your intended major leads to higher-earning career paths.
Financial Aid Profile
59.6% of students at Rasmussen University-Minnesota receive Pell Grants (federal need-based aid for families earning under ~$60,000), 81% above the national average. This high Pell rate indicates the school serves a large proportion of lower-income students and likely has strong need-based aid programs.
69.4% of students take federal loans, 48% above the national average. This high borrowing rate means most students need loans to attend. Factor loan payments into your decision carefully.
Average faculty salary: $6,523/month, 25% below the national average. Higher faculty salaries generally indicate greater investment in teaching quality and ability to attract experienced professors.
Student Body & Campus Diversity
Rasmussen University-Minnesota enrolls 8,617 undergraduate students. As a large institution, students have access to a wide range of programs, research opportunities, and campus activities.
Diversity Index: 73/100 (higher = more diverse). Rasmussen University-Minnesota has a highly diverse student body with strong representation across multiple racial and ethnic groups.
Student body composition: White 40%, Hispanic 12%, Black 31%, Asian 3%.
Rasmussen University-Minnesota: Medium-Sized Private For-Profit Institution
- Rasmussen University-Minnesota: A Pathway to Healthcare Careers with a Cautionary Note on ROI
- Navigating Your Career After Rasmussen: Understanding Graduate Outcomes and Earning Potential
- Is a Rasmussen Degree Worth the Investment? Analyzing the Value and Job Market Impact
Report Card: Overall Grade C
Rasmussen University-Minnesota receives an overall grade of C based on six dimensions:
- Academics: C-
- Value: F
- Outcomes: C
- Affordability: A+
College Analysis
Rasmussen University-Minnesota is a Private For-Profit institution in St. Cloud, MN with approximately 8,617 students. Academics: Rasmussen University-Minnesota has a graduation rate of 53.34%, slightly below the national average for private for-profit institutions. Value: The university offers a relatively affordable tuition rate, with in-state and out-of-state tuition at $11,490, and a high affordability score of 90. Outcomes: Graduates have a median earnings of $39,080 after 10 years, which is below the national average for similar institutions.
The Verdict: Is Rasmussen University-Minnesota Worth It?
Rasmussen University-Minnesota presents a challenging value proposition. With a median 10-year earning of $39,080 and median debt of $20,899, the return on investment (ROI) score of -15 is a stark indicator of financial strain. The debt payoff timeline, assuming a significant portion of earnings goes towards repayment, could easily extend beyond 5-7 years, especially considering living expenses. The cost of tuition, while not exorbitant compared to some private institutions, does not appear to translate into significantly higher earning potential compared to the debt incurred. The median earnings are relatively low, especially when contrasted with the cost of education and the debt burden. This suggests that while Rasmussen provides access to education and career training, the financial outcomes for its graduates, on average, do not strongly justify the investment. It is not a hidden gem, nor is it a straightforward good deal. It appears to be an overpriced option for many, requiring careful consideration of program-specific outcomes and individual career goals to determine if the value is present for a specific student. A clear recommendation is difficult without program-specific data, but the overall financial metrics suggest caution.
Return on Investment
While the tuition is affordable, the lower graduation and earnings outcomes suggest that the return on investment may not be as strong as at other institutions.
Debt Reality Check
Median student debt at Rasmussen University-Minnesota: $20,899. Monthly payment on a standard 10-year plan: $237/month. Total repaid: $28,440 ($7,541 in interest).
Breakeven vs high school diploma: 2.3 years. Debt burden: Manageable. Salary needed for comfortable repayment: $28,440.
Strengths
- Affordable tuition
- Diverse student body
- High affordability score
Weaknesses
- Below average graduation rate
- Below average median earnings
- Above average median debt
Academic Profile
Retention Rate: 100.0%.
Rasmussen University-Minnesota in St. Cloud excels in delivering career-focused education across a range of in-demand fields. Its academic strengths are most pronounced in its allied health programs, particularly nursing, where it consistently aims to prepare graduates for licensure and immediate employment. Other notable departments include business, technology, and criminal justice, all designed with direct industry relevance in mind. While specific research opportunities for undergraduates may be limited compared to large research universities, faculty often bring real-world industry experience into the classroom, enriching the learning environment. The faculty quality, while not directly measurable by salary data (N/A), is generally characterized by practical expertise and a commitment to student success in the job market. Rasmussen does not typically offer traditional honors programs; instead, academic rigor is embedded within the curriculum, emphasizing practical application and skill development. Study abroad opportunities are not a common feature, as the university's mission is rooted in serving the immediate career needs of its local and regional student population. Academic support is a cornerstone, with resources like tutoring services, academic advising, and career services readily available to help students navigate their coursework and prepare for post-graduation employment. Programs like the Associate's Degree in Nursing (ADN) and Bachelor of Science in Nursing (BSN) are highly sought after, as are programs in areas like Medical Assisting and Business Administration.
Financial Aid Guide for Rasmussen University-Minnesota
Pell Grant recipients: 59.6%. Students taking federal loans: 69.4%.
Navigating financial aid at Rasmussen University-Minnesota is a crucial step for most students, given its private, for-profit status. The university is committed to making its career-focused education accessible, and a significant portion of students rely on federal financial aid. This includes federal Pell Grants for students with demonstrated financial need, federal student loans (Direct Subsidized and Unsubsidized), and potentially the Federal Work-Study program, which offers part-time employment opportunities to help cover educational expenses. While merit-based scholarships are not a primary focus, Rasmussen does offer institutional scholarships and grants, often tied to specific programs or academic achievements, though these are typically smaller in scale and may require separate applications. For students with an annual family income below $30,000, it's common to see aid packages heavily weighted towards Pell Grants and federal loans, potentially covering a substantial portion of the $11,490 annual tuition. For those with higher incomes, federal loans will likely form the bulk of the aid, with students needing to cover the remaining balance through private loans, payment plans, or personal savings. The university's financial aid office is designed to guide students through the FAFSA application process and explain the various aid options. Negotiating aid packages is generally less common and less effective at for-profit institutions compared to private non-profits or public universities, as their tuition structures and aid philosophies are often more standardized. Focus on maximizing your federal aid eligibility by completing the FAFSA accurately and on time.
Hidden Costs at Rasmussen University-Minnesota
- Textbooks and course materials can range from $800 to $1,500 per academic year, depending on the program and required resources.
- Technology fees, often around $150-$300 per term, cover access to online learning platforms and university IT services.
- Transportation costs, including gas, vehicle maintenance, or public transit passes, can add $100-$300 per month for commuting students.
- Parking permits, if available and required for on-campus parking, may cost $50-$150 per semester.
- Supplies specific to programs, such as nursing scrubs, lab kits, or software licenses, can add $200-$600 annually.
- Student activity fees, though often modest, can total $50-$100 per year for campus events and services.
- Health insurance, if not covered by a parent's plan or other means, can be an additional $2,000-$4,000 annually.
Alumni Outcomes & Career Paths
Rasmussen University-Minnesota, a private for-profit institution in St. Cloud, positions its graduates primarily within the healthcare and business sectors, reflecting its program strengths. While specific major employer recruitment data for the Minnesota campus is not publicly detailed, institutions of this type often see alumni placed in regional healthcare systems such as CentraCare Health, St. Cloud Hospital, and various clinics and long-term care facilities across the state. In the business realm, graduates may find roles in local companies and administrative positions within larger organizations. Industries where alumni tend to cluster include nursing and allied health professions, business administration, and information technology. Graduate school placement rates are not prominently advertised, suggesting it's not a primary focus or a significant pathway for the majority of its graduates. Notable alumni are not widely publicized, which is common for institutions of this size and type. Career services at Rasmussen University are generally geared towards practical job placement, offering resume assistance, interview preparation, and connections to local employers. The quality is often measured by the success of graduates in securing entry-level positions within their fields. Internship pipelines are crucial for Rasmussen, particularly in nursing and allied health, where clinical rotations are integral to the curriculum and often serve as direct entry points into employment with the host facilities. Geographic hiring patterns for Rasmussen-Minnesota graduates tend to be concentrated within a 50-100 mile radius of St. Cloud, serving the immediate community and the broader Twin Cities metropolitan area, though some may relocate for specific opportunities.
Campus Life & Culture at Rasmussen University-Minnesota
The student body at Rasmussen University-Minnesota is diverse in age and background, attracting many adult learners seeking to advance their careers or transition into new fields. Students are typically highly motivated, goal-oriented individuals who value practical education and a clear path to employment. The campus culture fosters a sense of shared purpose among students focused on achieving their professional objectives.
Rasmussen University-Minnesota in St. Cloud offers a unique campus experience primarily focused on career-oriented education, which shapes its social and cultural landscape. As a private, for-profit institution, the student body is highly motivated and often juggling academic pursuits with work and family responsibilities. This means the 'vibe' is generally focused and pragmatic, with less emphasis on traditional, sprawling campus social scenes and more on networking and professional development. While large-scale, traditional student organizations might be less prevalent than at a public university, Rasmussen fosters a strong sense of community among students pursuing similar career paths. Expect to find active student clubs and associations often tied to specific academic programs, such as nursing or business, providing opportunities for peer support and industry connections. Social events tend to be more program-specific or career-focused, like guest speaker panels, workshops, or networking mixers, rather than large weekend parties. Housing is not provided on campus, so students typically live in the surrounding St. Cloud community, often in apartments or shared housing, which fosters a more independent student lifestyle. Dining options are limited to what's available on campus, likely a small cafe or vending services, encouraging students to utilize local St. Cloud eateries or prepare their own meals. Athletics are not a significant feature of Rasmussen University, aligning with its focus on vocational training. The overall atmosphere is one of focused ambition, where students are driven by their career goals, supported by faculty and peers who share similar aspirations.
Campus Highlights
- Strong emphasis on career-ready education with direct ties to industry needs.
- Dedicated career services department to assist with job placement and resume building.
- Flexible learning options, including online and hybrid formats, to accommodate diverse student schedules.
- Faculty often possess significant real-world professional experience in their fields.
- Focus on practical, hands-on learning and skill development for immediate employability.
- Supportive academic environment with accessible tutoring and advising services.
- Programs designed to meet the demands of the current job market in Minnesota and beyond.
Location & Regional Advantages
Rasmussen University-Minnesota's location in St. Cloud, MN, offers a mixed bag of geographic advantages for its students. St. Cloud itself provides a mid-sized city environment with a lower cost of living compared to the Twin Cities, making it more affordable for students to manage expenses during their studies and potentially after graduation. The local job market is anchored by healthcare, manufacturing, and education, with CentraCare Health being a major employer, aligning well with Rasmussen's strong nursing and allied health programs. Proximity to Minneapolis and St. Paul, about a 70-mile drive, offers access to a larger, more diverse job market and potential industry hubs in technology, finance, and advanced healthcare, though direct recruitment from St. Cloud can be less frequent than from within the metro area. Quality of life in St. Cloud is characterized by a strong sense of community, access to outdoor recreation along the Mississippi River, and a relatively stable, though not booming, economy. Weather is typical of central Minnesota, with cold, snowy winters and warm summers, which can be a factor for some. Safety is generally comparable to other cities of its size. The location's primary career advantage post-graduation lies in its ability to serve the immediate regional healthcare needs, with the Twin Cities offering broader opportunities for those willing to commute or relocate.
How to Get Into Rasmussen University-Minnesota
Gaining admission to Rasmussen University-Minnesota is generally a straightforward process focused on ensuring students are prepared for career-focused study. As a private, for-profit institution, Rasmussen typically has a more open admissions policy compared to highly selective universities, with a focus on whether applicants meet basic academic prerequisites and demonstrate a clear intent to pursue a specific career path. While specific GPA or test score ranges are not published (N/A), a strong high school diploma or GED is essential. Admissions counselors will likely review your academic history to gauge your readiness for college-level work. The application process usually involves submitting an application form, high school transcripts, and potentially a personal statement or essay. The essay is an opportunity to articulate your career aspirations, explain why you've chosen Rasmussen, and highlight any relevant experiences or skills that make you a good fit for your chosen program. Demonstrated interest is important; actively engaging with admissions counselors, attending information sessions (virtual or in-person), and asking thoughtful questions shows your commitment. There are no Early Decision or Early Action advantages as Rasmussen operates on a rolling admissions basis. The key is to apply early in the year you intend to start, especially for popular programs like nursing, to ensure you secure a spot and have ample time for financial aid processing.
How Rasmussen University-Minnesota Compares to Similar Schools
Similar schools: Capella University, Walden University, Herzing University, Globe University/Minnesota School of Business
Advantages
- Stronger focus on specific regional healthcare needs in Minnesota.
- Potentially more accessible for local St. Cloud residents due to physical campus presence.
- Offers a blend of online and on-campus learning options catering to diverse student needs.
Disadvantages
- Lower median earnings compared to some national for-profit or even some public alternatives.
- Limited brand recognition and alumni network compared to larger or more established institutions.
- The ROI score is significantly lower than many comparable institutions.
Best For
- Students who are looking for a high graduation rate and low student debt may want to consider other options.
- Prospective students who prioritize high earnings potential may find better opportunities at other institutions.
Avoid If
- Students who are seeking a more traditional academic experience with a focus on research and campus life may not find Rasmussen University-Minnesota to be the best fit.
- Students who are looking for a highly selective institution with a strong reputation may want to consider other options.
Frequently Asked Questions about Rasmussen University-Minnesota
How much does it cost to attend Rasmussen University-Minnesota?
In-state tuition at Rasmussen University-Minnesota is $11,490 per year, and out-of-state tuition is $11,490 per year. The median student debt at graduation is $20,899.
What is the graduation rate at Rasmussen University-Minnesota?
Rasmussen University-Minnesota has a graduation rate of 53.3%.
How much do Rasmussen University-Minnesota graduates earn?
The median earnings for Rasmussen University-Minnesota graduates 10 years after enrollment is $39,080. With median debt of $20,899, graduates earn roughly 1.9x their debt level annually.
How big is Rasmussen University-Minnesota?
Rasmussen University-Minnesota has approximately 8,617 students and is classified as a medium institution. It is located in St. Cloud, MN and is a Private For-Profit institution.
Is Rasmussen University-Minnesota worth the cost?
Rasmussen University-Minnesota has an ROI score of -15 out of 100. With in-state tuition of $11,490 per year and median post-graduation earnings of $39,080, the data suggests the return on investment may be below average.
Where is Rasmussen University-Minnesota located?
Rasmussen University-Minnesota is located in St. Cloud, MN. It is a Private For-Profit institution with approximately 8,617 students.
How much student debt do Rasmussen University-Minnesota graduates have?
The median student debt for Rasmussen University-Minnesota graduates is $20,899. With median earnings of $39,080 ten years after enrollment, graduates can expect a debt-to-income ratio of 53%.
Is Rasmussen University-Minnesota a good college?
Rasmussen University-Minnesota has a graduation rate of 53.3% and median post-graduation earnings of $39,080. The university has a diverse student body with a significant proportion of black and Hispanic students.
How does Rasmussen University-Minnesota compare to similar colleges?
The median debt of $20,899 is relatively high compared to other private for-profit institutions. Compared to peer institutions, Rasmussen University-Minnesota offers a more affordable tuition but has lower graduation and earnings outcomes.
What career prospects do Rasmussen University-Minnesota graduates have?
Graduates of Rasmussen University-Minnesota are well-prepared for entry-level positions in their chosen fields, but may need additional training or experience to advance.
What should prospective students know about Rasmussen University-Minnesota?
Rasmussen University-Minnesota is positioned in the market as an affordable option for students seeking a degree from a private for-profit institution.
What makes Rasmussen University-Minnesota stand out?
The graduation rate is below the national average for private for-profit institutions.
What are the pros and cons of attending Rasmussen University-Minnesota?
The median earnings of graduates are below the national average for similar institutions.
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Visit Rasmussen University-Minnesota official website
View on College Scorecard (Dept. of Education)
Analysis based on U.S. Department of Education data. Not enrollment advice. Verify information with the institution directly.