Minnesota State University-Mankato

www.mnsu.edu

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2023 Undergraduate Tuition
$8,356
2023 Average Net Price
$17,227
After Financial Aid
2021 Default Rate
0%
on Student Loans
2023 Acceptance Rate
91.3%
8,974 Applicants
2023 Enrolled Students
14,709
71.9% Full-Time
2023 Graduation Rate
53.5%
1,205 Graduates

About

Minnesota State University-Mankato is a higher education institution located in Blue Earth County, MN. In 2023, the most popular Bachelors Degree concentrations at Minnesota State University-Mankato were Registered Nursing (353 degrees awarded), General Business Administration & Management (174 degrees), and General Psychology (153 degrees).

In 2023, 3,842 degrees were awarded across all undergraduate and graduate programs at Minnesota State University-Mankato. 59.3% of these degrees were awarded to women, and 40.7% awarded men. The most common race/ethnicity group of degree recipients was white (2,824 degrees), 13.1 times more than then the next closest race/ethnicity group, black or african american (216 degrees).

The median undergraduate tuition at Minnesota State University-Mankato is $8,356, which is $−16,219 less than the national average for Masters Colleges and Universities ($24,575).

In 2021 the default rate for borrower's at Minnesota State University-Mankato was 0%, corresponding to 0 out of the 3,213 total borrowers.

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Masters Colleges & Universities: Larger ProgramsMasters Colleges and Universities

Costs

In 2023, the median undergraduate tuition at Minnesota State University-Mankato is $8,356, which is $16,219 less than the national average for Masters Colleges and Universities ($24,575).

After taking grants and loans into account, the average net price for students is $17,227.

In 2023, 54% of undergraduate students attending Minnesota State University-Mankato received financial aid through grants. Comparatively, 42% of undergraduate students received financial aid through loans.

Tuition Costs

$8,356
2023 Undergraduate Tuition

In 2023, the cost of tuition at Minnesota State University-Mankato was $8,356. The cost of tuition at Minnesota State University-Mankato is $−16,219 less than than the overall (public and private) national average for Masters Colleges and Universities ($24,575).

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

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Average Net Price

$17,227
2023 Value
2.49%
1 Year Growth

In 2023 Minnesota State University-Mankato had an average net price — the price paid after factoring in grants and loans — of $17,227. Between 2022 and 2023, the average net price of Minnesota State University-Mankato grew by 2.49%.

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.

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Other Student Expenses

$9,182
Room and Board
$1,042
Books and Supplies

The average yearly cost of room and board at Minnesota State University-Mankato was of $9,182 in 2023. The cost of room and board increased by 2.37% between 2022 and 2023.

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.

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Financial Aid by Income Level

54%
Undergraduates Receiving Financial Aid through Grants
42%
Undergraduates Receiving Financial Aid through Loans

54% of undergraduate students at Minnesota State University-Mankato received financial aid through grants or loans in 2023. This represents a decline of 15.6% with respect to 2022, when 64% 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.

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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.
0%
2021 Default Rate
0
Number of Defaults

In 2021 the default rate for borrower's at Minnesota State University-Mankato was 0%, which represents 0 out of the 3213 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.

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Admissions

Minnesota State University-Mankato received 8,974 undergraduate applications in 2023, which represents a 19.5% annual growth. Out of those 8,974 applicants, 8,196 students were accepted for enrollment, representing a 91.3% acceptance rate.

There were 14,709 students enrolled at Minnesota State University-Mankato in 2023.

Minnesota State University-Mankato has an overall enrollment yield of 29.4%, which represents the number of admitted students who ended up enrolling.

Acceptance Rate

91.3%
Acceptance Rate in 2023
8,196
Accepted Out of 8,974

In 2023, the undergraduate acceptance rate of Minnesota State University-Mankato was 91.3% (8,196 admissions from 8,974 applications). This is higher than the acceptance rate of 2022, which was 70.7%. Between 2022 and 2023, the number of applicants declined by 19.5%, while admissions grew by 3.98%.

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.

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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.

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Enrollment

Minnesota State University-Mankato had a total enrollment of 14,709 students in 2023. The full-time enrollment at Minnesota State University-Mankato is 10,576 students and the part-time enrollment is 4,133. This means that 71.9% 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 71.4% White, 5.74% Black or African American, 5.65% Hispanic or Latino, 3.34% Asian, 3.21% Two or More Races, 0.272% American Indian or Alaska Native, and 0.0476% Native Hawaiian or Other Pacific Islanders.

Students enrolled at Minnesota State University-Mankato in full-time Undergraduate programs are most commonly White Female (39.3%), followed by White Male (32.3%) and Hispanic or Latino Female (2.89%). Students enrolled in full-time Graduate programs are most commonly White Female (48.9%), followed by White Male (18.7%) and Black or African American Female (3.75%).

Full-Time vs Part-Time Enrollment

71.9%
Full-Time Enrollment

The total enrollment at Minnesota State University-Mankato in 2023, both undergraduate and graduate, is 14,709 students. The full-time enrollment at Minnesota State University-Mankato is 10,576 and the part-time enrollment is 4,133. This means that 71.9% of students enrolled at Minnesota State University-Mankato are enrolled full-time compared with 68.2% 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.

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Retention Rate over Time

80%
2023 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 80%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity (2023)
  1. White
    10,503 enrolled students
  2. Black or African American
    844 enrolled students
  3. Hispanic or Latino
    831 enrolled students

The enrolled student population at Minnesota State University-Mankato is 71.4% White, 5.74% Black or African American, 5.65% Hispanic or Latino, 3.34% Asian, 3.21% Two or More Races, 0.272% American Indian or Alaska Native, and 0.0476% 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 50.1% White, 17.7% Hispanic or Latino, and 13.4% 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, 197 students (1.34%) did not report their race.

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Graduates

In 2023, 718 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 (2,824 degrees awarded). There were 13.1 times more white recipients than the next closest race/ethnicity group, black or african american (216 degrees).

The most common Bachelor's Degree concentration at Minnesota State University-Mankato is Registered Nursing (353 degrees awarded), followed by General Business Administration & Management (174 degrees) and General Psychology (153 degrees).

In 2023,  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 Transportation (105 degrees awarded), Parks, Recreation, & Leisure (202 degrees), and Education (551 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 (1,554,203 people), Secondary school teachers (545,682 people), Education administrators (287,475 people), Special education teachers (207,065 people), and Preschool & kindergarten teachers (187,720 people).

The most specialized majors at Minnesota State University-Mankato in 2023 are Transportation (105 degrees awarded), Parks, Recreation, & Leisure (202 degrees), Education (551 degrees), English (86 degrees), and Cultural & Gender Studies (26 degrees) (as of 2023).

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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, Surgeons, Securities, commodities, & financial services sales agents, Logisticians, and Tool & die makers

The most specialized majors at Minnesota State University-Mankato are Transportation (105 degrees awarded), Parks, Recreation, & Leisure (202 degrees), Education (551 degrees), English (86 degrees), and Cultural & Gender Studies (26 degrees) (as of 2023).

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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 (2,898,535 people), uninformed (394,656 people), Colleges, universities & professional schools, including junior colleges (372,564 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (194,693 people), and Computer Systems Design (118,292 people).

The most specialized majors at Minnesota State University-Mankato are Transportation (105 degrees awarded), Parks, Recreation, & Leisure (202 degrees), Education (551 degrees), English (86 degrees), and Cultural & Gender Studies (26 degrees) (as of 2023).

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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 (2023)
  1. Registered Nursing
    353 degrees awarded
  2. General Business Administration & Management
    174 degrees awarded
  3. General Psychology
    153 degrees awarded

In 2023, the most common bachelors degree concentration at Minnesota State University-Mankato was Registered Nursing with 353 degrees awarded.

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

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Sex Breakdown for Common Majors

1,562
Degrees Awarded to Men
in 2023
2,280
Degrees Awarded to Women
in 2023

In 2023, 1,562 degrees were awarded to men at Minnesota State University-Mankato, which is 0.685 times less than the number of degrees awarded to females (2,280).

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

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Most Common Male Majors

In 2023, 113 degrees were awarded to men at Minnesota State University-Mankato in General Business Administration & Management, which is 1.16 times more than the 97 female recipients with that same degree.

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Most Common Female Majors

In 2023, 314 degrees were awarded to men at Minnesota State University-Mankato in Registered Nursing, which is 8.05 times more than the 39 male recipients with that same degree.

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Time to Complete

29%
100% Completion Time
51%
150% Completion Time

In 2023, 29% 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, 51% completed their degrees within 150% of the normal time, and 54% 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.

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Graduation Rate by Race and Sex

Showing demographic groups with ≥ 5 graduating students.
White Female
Highest Graduation Rate (59.9%)

The student demographic with the highest graduation rate in 2023 at Minnesota State University-Mankato is Female and White (59.9% graduation rate). Across all Masters Colleges and Universities, Asian Female students have the highest graduation rate (74.3%).

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, 0.249% of graduates (3 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity (2023)
  1. White
    2,824 degrees awarded
  2. Black or African American
    216 degrees awarded
  3. Hispanic or Latino
    188 degrees awarded

The most common race/ethnicity at Minnesota State University-Mankato is white (2,824 degrees awarded). There were 13.1 times more white recipients than the next closest race/ethnicity group, black or african american (216 degrees).

0.625% of degree recipients (24 students) did not report their race.

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Race & Ethnicity by Sex

Most Common Sex Demographic (2023)
  1. White Female
    1,761 degrees awarded
  2. White Male
    1,063 degrees awarded
  3. Black or African American Female
    126 degrees awarded

The most common race/ethnicity and sex grouping at Minnesota State University-Mankato is white female (1,761 degrees awarded). There were 1.66 times more white female recipients than the next closest race/ethnicity group, white male (1,063 degrees).

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Operations

Minnesota State University-Mankato has an endowment valued at nearly $70.9M, as of the end of the 2023 fiscal year. The return on its endowment was of 2.9M (4.09%) compared to the 5.72% average return (2.84M on 49.7M) across all Masters Colleges and Universities.

In 2023, Minnesota State University-Mankato had a total salary expenditure of 267M. Minnesota State University-Mankato employs 202 Professors, 144 Associate professors and 134 Assistant professors. Most academics at Minnesota State University-Mankato are Male Professor (112), Female Professor (90), and Female Assistant professor (79).

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 178 employees, Office and Administrative Support, with 133 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 100 employees.

Endowment

$70.9M
2023 Endowment
9.98%
growth from 2022

Minnesota State University-Mankato has an endowment valued at about $70.9M, as of the end of the 2023 fiscal year. The endowment of Minnesota State University-Mankato grew 9.98% from the previous year. The value of their endowment was $21.2M 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.

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Salary Expenditure

$124M
2023 Salaries
4.32%
growth from 2022

In 2023, Minnesota State University-Mankato paid a median of $124M in salaries, which represents 46.5% of their overall expenditure ($267M) and a 4.32% growth from the previous year. This is compared to a 1.41% growth between 2021 and 2022, and a 1.58% growth between 2020 and 2021.

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Instructional Salaries

$47.4M
Instructional Salaries
490
Number of Employees

In 2023, Minnesota State University-Mankato paid a total of $47.4M to 490 employees working as instructors, which represents 38.2% of all salaries paid.

This is compared to a median of $1.12M (2.97%) for similar Masters Colleges and Universities.

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Occupations by Share

Professor
Most Common Instructor
202 Employees
Librarians, Curators, Archivists, and Academic Affairs and Other Education Services
Most Common Non-Instructional Employee
178 Employees

In 2023, the most common positions for instructional staff at Minnesota State University-Mankato were Professor with 202 employees, Associate professor with 144 employees, and Assistant professor with 134 employees.

In 2023, 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 178 employees, Office and Administrative Support with 133 employees, and Community, Social Service, Legal, Arts, Design, Entertainment, Sports and Media with 100 employees.

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Instructors by Academic Rank and Sex

Most Common Demographic (2023)
  1. Male Professor
  2. Female Professor
  3. Female Assistant professor

In 2023, the most common demographic for instructional staff at Minnesota State University-Mankato was Male Professor with 112 employees, Female Professor with 90 employees, and Female Assistant professor with 79 employees.

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

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