Minnesota State University-Mankato

www.mnsu.edu

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2022 Undergraduate Tuition

$8,356

3.52% growth from 2021

2022 Average Net Price

$16,809

After Financial Aid

2020 Default Rate

on Student Loans

2022 Acceptance Rate

70.7%

11,152 Applicants

2022 Enrolled Students

14,590

72.6% Full-Time

2022 Graduation Rate

51.8%

1,254 Graduates

About

Minnesota State University-Mankato is a higher education institution located in Blue Earth County, MN. In 2022, the most popular Bachelors Degree concentrations at Minnesota State University-Mankato were Registered Nursing (327 degrees awarded), General Business Administration & Management (148 degrees), and General Psychology (126 degrees).

In 2022, 3,728 degrees were awarded across all undergraduate and graduate programs at Minnesota State University-Mankato. 61.8% of these degrees were awarded to women, and 38.2% awarded men. The most common race/ethnicity group of degree recipients was white (2,704 degrees), 13.4 times more than then the next closest race/ethnicity group, black or african american (202 degrees).

The median undergraduate tuition at Minnesota State University-Mankato is $8,356, which is $−15,640 less than the national average for Masters Colleges and Universities ($23,996).

In 2020 the default rate for borrower's at Minnesota State University-Mankato was 0%, corresponding to 0 out of the 3216 total borrowers.

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Masters Colleges & Universities: Larger Programs Masters Colleges and Universities

Costs

In 2022, the median undergraduate tuition at Minnesota State University-Mankato is $8,356, which is $15,640 less than the national average for Masters Colleges and Universities ($23,996).

After taking grants and loans into account, the average net price for students is $16,809.

In 2022, 64% of undergraduate students attending Minnesota State University-Mankato received financial aid through grants. Comparatively, 43% of undergraduate students received financial aid through loans.

Tuition Costs

$8,356

2022 Undergraduate Tuition

In 2022, the cost of tuition at Minnesota State University-Mankato was $8,356. The cost of tuition at Minnesota State University-Mankato is $−15,640 less than than the overall (public and private) national average for Masters Colleges and Universities ($23,996).

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

Average Net Price

$16,809

2022 Value

6.17%

1 Year Growth

In 2022 Minnesota State University-Mankato had an average net price — the price paid after factoring in grants and loans — of $16,809. Between 2021 and 2022, the average net price of Minnesota State University-Mankato grew by 6.17%.

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

$8,969

Room and Board

$1,042

Books and Supplies

The average yearly cost of room and board at Minnesota State University-Mankato was of $8,969 in 2022. The cost of room and board increased by 1.52% between 2021 and 2022.

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

64%

Undergraduates Receiving Financial Aid through Grants

43%

Undergraduates Receiving Financial Aid through Loans

64% of undergraduate students at Minnesota State University-Mankato received financial aid through grants or loans in 2022. This represents a growth of 12.3% with respect to 2021, when 57% 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.

2020 Default Rate

Number of Defaults

In 2020 the default rate for borrower's at Minnesota State University-Mankato was 0%, which represents 0 out of the 3216 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 11,152 undergraduate applications in 2022, which represents a 13.1% annual growth. Out of those 11,152 applicants, 7,882 students were accepted for enrollment, representing a 70.7% acceptance rate.

There were 14,590 students enrolled at Minnesota State University-Mankato in 2022.

Minnesota State University-Mankato has an overall enrollment yield of 29.3%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

70.7%

Acceptance Rate in 2022

7,882

Accepted Out of 11,152

In 2022, the undergraduate acceptance rate of Minnesota State University-Mankato was 70.7% (7,882 admissions from 11,152 applications). This is higher than the acceptance rate of 2021, which was 69.5%. Between 2021 and 2022, the number of applicants grew by 13.1%, while admissions grew by 15.1%.

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.

SAT Scores

0% of enrolled first-time students at Minnesota State University-Mankato in 2021 submitted SAT scores with their applications.

The following chart shows the average SAT scores for the 25th, 50th, and 75th percentile of applicants for each section of the test that they are evaluated on.

Enrollment

Minnesota State University-Mankato had a total enrollment of 14,590 students in 2022. The full-time enrollment at Minnesota State University-Mankato is 10,596 students and the part-time enrollment is 3,994. This means that 72.6% 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 71.3% White, 5.5% Hispanic or Latino, 5.44% Black or African American, 3.67% Asian, 3.06% Two or More Races, 0.308% American Indian or Alaska Native, and 0.048% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Minnesota State University-Mankato in full-time Undergraduate programs are most commonly White Female (39.1%), followed by White Male (32.3%) and Hispanic or Latino Female (2.69%). Students enrolled in full-time Graduate programs are most commonly White Female (48.4%), followed by White Male (19.5%) and Hispanic or Latino Female (3.69%).

Full-Time vs Part-Time Enrollment

72.6%

Full-Time Enrollment

The total enrollment at Minnesota State University-Mankato in 2022, both undergraduate and graduate, is 14,590 students. The full-time enrollment at Minnesota State University-Mankato is 10,596 and the part-time enrollment is 3,994. This means that 72.6% of students enrolled at Minnesota State University-Mankato are enrolled full-time compared with 67.6% 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

76%

2022 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 76%. 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 (2022)

White
10,404 enrolled students
Hispanic or Latino
803 enrolled students
Black or African American
794 enrolled students

The enrolled student population at Minnesota State University-Mankato is 71.3% White, 5.5% Hispanic or Latino, 5.44% Black or African American, 3.67% Asian, 3.06% Two or More Races, 0.308% American Indian or Alaska Native, and 0.048% 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 51.2% White, 17.3% Hispanic or Latino, and 13% 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, 181 students (1.24%) did not report their race.

Graduates

In 2022, 878 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 (2,704 degrees awarded). There were 13.4 times more white recipients than the next closest race/ethnicity group, black or african american (202 degrees).

The most common Bachelor's Degree concentration at Minnesota State University-Mankato is Registered Nursing (327 degrees awarded), followed by General Business Administration & Management (148 degrees) and General Psychology (126 degrees).

In 2022, 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 (169 degrees awarded), Transportation (75 degrees), and Education (581 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 (1,639,622 people), Secondary school teachers (508,147 people), Education administrators (290,436 people), Special education teachers (193,541 people), and Social workers, all other (181,017 people).

The most specialized majors at Minnesota State University-Mankato in 2022 are Parks, Recreation, & Leisure (169 degrees awarded), Transportation (75 degrees), Education (581 degrees), English (71 degrees), and Public Administration and Social Service (107 degrees) (as of 2022).

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 Minnesota State University-Mankato are Surgeons, Physicians, Cardiovascular technologists and technicians, Aircraft pilots & flight engineers, and Nurse anesthetists

The most specialized majors at Minnesota State University-Mankato are Parks, Recreation, & Leisure (169 degrees awarded), Transportation (75 degrees), Education (581 degrees), English (71 degrees), and Public Administration and Social Service (107 degrees) (as of 2022).

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 (2,939,229 people), Colleges, universities & professional schools, including junior colleges (376,719 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (231,546 people), Individual & family services (156,802 people), and Outpatient care centers (132,224 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 (2022)

Registered Nursing
327 degrees awarded
General Business Administration & Management
148 degrees awarded
General Psychology
126 degrees awarded

In 2022, the most common bachelors degree concentration at Minnesota State University-Mankato was Registered Nursing with 327 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

1,425

Degrees Awarded to Men

in 2022

2,303

Degrees Awarded to Women

in 2022

In 2022, 1,425 degrees were awarded to men at Minnesota State University-Mankato, which is 0.619 times less than the number of degrees awarded to females (2,303).

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

Most Common Male Majors

In 2022, 89 degrees were awarded to men at Minnesota State University-Mankato in General Business Administration & Management, which is 0.918 times less than the 97 female recipients with that same degree.

Most Common Female Majors

In 2022, 299 degrees were awarded to men at Minnesota State University-Mankato in Registered Nursing, which is 10.7 times more than the 28 male recipients with that same degree.

Time to Complete

28%

100% Completion Time

50%

150% Completion Time

In 2022, 28% 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, 50% completed their degrees within 150% of the normal time, and 53% 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.

White Male

Highest Graduation Rate (55.3%)

The student demographic with the highest graduation rate in 2022 at Minnesota State University-Mankato is Male and White (55.3% graduation rate). Across all Masters Colleges and Universities, 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.

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, 1.2% of graduates (15 students) did not report their race.

Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2022)

White
2,704 degrees awarded
Black or African American
202 degrees awarded
Hispanic or Latino
163 degrees awarded

The most common race/ethnicity at Minnesota State University-Mankato is white (2,704 degrees awarded). There were 13.4 times more white recipients than the next closest race/ethnicity group, black or african american (202 degrees).

1.23% of degree recipients (46 students) did not report their race.

Race & Ethnicity by Sex

Most Common Sex Demographic (2022)

White Female
1,769 degrees awarded
White Male
935 degrees awarded
Black or African American Female
117 degrees awarded

The most common race/ethnicity and sex grouping at Minnesota State University-Mankato is white female (1,769 degrees awarded). There were 1.89 times more white female recipients than the next closest race/ethnicity group, white male (935 degrees).

Operations

Minnesota State University-Mankato has an endowment valued at nearly $64.5M, as of the end of the 2022 fiscal year. The return on its endowment was of 401k (0.622%) compared to the 0.773% average return (360k on 46.6M) across all Masters Colleges and Universities.

In 2022, Minnesota State University-Mankato had a total salary expenditure of 258M. Minnesota State University-Mankato employs 186 Professors, 146 Assistant professors and 139 Associate professors. Most academics at Minnesota State University-Mankato are Male Professor (108), Female Assistant professor (82), and Female Professor (78).

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 187 employees, Office and Administrative Support, with 125 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 95 employees.

Endowment

$64.5M

2022 Endowment

13.2%

decline from 2021

Minnesota State University-Mankato has an endowment valued at about $64.5M, as of the end of the 2022 fiscal year. The endowment of Minnesota State University-Mankato declined 13.2% from the previous year. The value of their endowment was $17.9M 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

$119M

2022 Salaries

1.41%

growth from 2021

In 2022, Minnesota State University-Mankato paid a median of $119M in salaries, which represents 46.1% of their overall expenditure ($258M) and a 1.41% growth from the previous year. This is compared to a 1.58% growth between 2020 and 2021, and a 2.76% growth between 2019 and 2020.

The median for similar Masters Colleges and Universities is 36.1M (39.6% of overall expenditures).

Instructional Salaries

$43.8M

Instructional Salaries

480

Number of Employees

In 2022, Minnesota State University-Mankato paid a total of $43.8M to 480 employees working as instructors, which represents 36.8% of all salaries paid.

This is compared to a median of $11.3M (31.2%) for similar Masters Colleges and Universities.

Occupations by Share

Professor

Most Common Instructor

186 Employees

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

Most Common Non-Instructional Employee

187 Employees

In 2022, the most common positions for instructional staff at Minnesota State University-Mankato were Professor with 186 employees, Assistant professor with 146 employees, and Associate professor with 139 employees.

In 2022, 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 187 employees, Office and Administrative Support with 125 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 95 employees.

Instructors by Academic Rank and Sex

Most Common Demographic (2022)

Male Professor
Female Assistant professor
Female Professor

In 2022, the most common demographic for instructional staff at Minnesota State University-Mankato was Male Professor with 108 employees, Female Assistant professor with 82 employees, and Female Professor with 78 employees.

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

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