Rasmussen College-Minnesota

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2017 Undergraduate Tuition

$9,360

0% growth from 2016

2017 Average Net Price

$16,288

After Financial Aid

2016 Student Loan

7.32%

Default Rate

2017 Enrolled Students

4,509

40.9% Full-Time

2017 Graduation Rate

14.3%

2 Graduates

About

Rasmussen College-Minnesota is a higher education institution located in Stearns County, MN. In 2016, the most popular Bachelor's Degree concentrations at Rasmussen College-Minnesota were General Business Administration & Management (29 degrees awarded), Registered Nursing (26 degrees), and Accounting (25 degrees).

In 2017, 1,879 degrees were awarded across all undergraduate and graduate programs at Rasmussen College-Minnesota. 81.5% of these degrees were awarded to women, and 18.5% awarded men. The majority of degree recipients were white (1,400 degrees), 6.39 times more than then the next closest race/ethnicity group, unknown (219 degrees).

The median undergraduate tuition at Rasmussen College-Minnesota is $9,360, which is $-3,530 less than the national average for Baccalaureate/Associates Colleges ($12,890).

Costs

The median undergraduate tuition at Rasmussen College-Minnesota is $9,360, which is $-3,530 less than the national average for Baccalaureate/Associates Colleges ($12,890).

After taking grants and loans into account, the average net price for students is $16,288.

In 2017, 62% of undergraduate students received federal grants, while 65% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$9,360

2017 Undergraduate Tuition

In 2017, the cost of tuition at Rasmussen College-Minnesota was $9,360. The cost of tuition at Rasmussen College-Minnesota is $-3,530 less than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($12,890).

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

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Average Net Price

$16,288

2017 Value

0.967%

1 Year Growth

In 2017 Rasmussen College-Minnesota had an average net price — the price paid after factoring in grants and loans — of $16,288. Between 2016 and 2017, the average net price of Rasmussen College-Minnesota grew by 0.967%.

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.

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Other Student Expenses

$7,902

Room and Board

$1,575

Books and Supplies

The average yearly cost of room and board at Rasmussen College-Minnesota was of $7,902 in 2017. During the same period, the average yearly cost of books and supplies was $1,575. The cost of room and board increased by 0.458% between 2016 and 2017. The cost of books and supplies increased by 16.7% during the same period.

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Financial Aid

Financial Aid by Income Level

62%

Of Undergraduates Receive Grants

65%

Of Undergraduates Receive Federal Loans

62% of undergraduate students at Rasmussen College-Minnesota received grants or loans in 2017. This represents a growth of 21.6% with respect to 2016, when 51% 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.

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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.

7.32%

2016 Default Rate

782

Number of Defaults

In 2016 the default rate for borrower's at Rasmussen College-Minnesota was 7.32%, which represents 782 out of the 10677 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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Enrollment

Rasmussen College-Minnesota has a total enrollment of 4,509 students. The full-time enrollment at Rasmussen College-Minnesota is 1,845 students and the part-time enrollment is 2,664. This means that 40.9% of students enrolled at Rasmussen College-Minnesota are enrolled full-time.

The enrolled student population at Rasmussen College-Minnesota, both undergraduate and graduate, is 50.7% White, 11.4% Black or African American, 3.99% Asian, 3.39% Hispanic or Latino, 0.155% Native Hawaiian or Other Pacific Islanders, 0.0222% Two or More Races, and 0% American Indian or Alaska Native.

Students enrolled at Rasmussen College-Minnesota in full-time Undergraduate programs are majority White Female (48.8%), followed by White Male (10.6%) and Black or African American Female (8.56%). Students enrolled in full-time Graduate programs are majority N/A, followed by N/A and N/A.

Full-Time vs Part-Time Enrollment

40.9%

Full-Time Enrollment

The total enrollment at Rasmussen College-Minnesota, both undergraduate and graduate, is 4,509 students. The full-time enrollment at Rasmussen College-Minnesota is 1,845 and the part-time enrollment is 2,664. This means that 40.9% of students enrolled at Rasmussen College-Minnesota are enrolled full-time compared with 45.4% 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.

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Retention Rate over Time

100%

2017 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 (64%), 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.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity

  1. White

    2,288

  2. Black or African American

    515

  3. Asian

    180

The enrolled student population at Rasmussen College-Minnesota is 50.7% White, 11.4% Black or African American, 3.99% Asian, 3.39% Hispanic or Latino, 0.155% Native Hawaiian or Other Pacific Islanders, 0.0222% Two or More Races, and 0% American Indian or Alaska Native. This includes both full-time and part-time students as well as graduate and undergraduates. By comparison, enrollment for all Baccalaureate/Associates Colleges is 46.1% White, 24.4% Hispanic or Latino, and 14% Black or African American.

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Graduates

In 2017, 1183 more women than men received degrees from Rasmussen College-Minnesota. The majority of degree recipients at Rasmussen College-Minnesota are white (1,400 degrees awarded). There were 6.39 times more white graduates than the next closest race/ethnicity group, unknown (219 degrees).

The most common Bachelor's Degree concentration at Rasmussen College-Minnesota is General Business Administration & Management (29 degrees awarded), followed by Registered Nursing (26 degrees) and Accounting (25 degrees).

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 (1,290 degrees awarded), Protective Services (121 degrees), and Public Administration and Social Service (34 degrees).

Workforce

Common Jobs by Major

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 Registered nurses (1,390,423 people), Accountants & auditors (1,104,611 people), Other managers (677,335 people), Financial managers (429,710 people), and Chief executives & legislators (324,716 people).

The most specialized majors at Rasmussen College-Minnesota are Health (1,290 degrees awarded), Protective Services (121 degrees), Public Administration and Social Service (34 degrees), Business (268 degrees), and Legal (19 degrees).

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Highest Paying Jobs by Major

The highest paying jobs for people who hold a degree in one of the 5 most specialized majors at Rasmussen College-Minnesota are Public relations specialists, Surgeons, Physicians, Podiatrists, and Dentists

The most specialized majors at Rasmussen College-Minnesota are Health (1,290 degrees awarded), Protective Services (121 degrees), Public Administration and Social Service (34 degrees), Business (268 degrees), and Legal (19 degrees).

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Common Industries by Major

The most common industries for people who hold a degree in one of the 5 most specialized majors at Rasmussen College-Minnesota are General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,757,629 people), Elementary & secondary schools (738,413 people), Banking & related activities (496,559 people), Justice, public order, & safety activities (487,185 people), and Colleges, universities & professional schools, including junior colleges (463,585 people).

The most specialized majors at Rasmussen College-Minnesota are Health (1,290 degrees awarded), Protective Services (121 degrees), Public Administration and Social Service (34 degrees), Business (268 degrees), and Legal (19 degrees).

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Degrees

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

  1. 29 degrees awarded

  2. 26 degrees awarded

  3. 25 degrees awarded

In 2017, the most common bachelors degree concentration at Rasmussen College-Minnesota was General Business Administration & Management with 29 degrees awarded.

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

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Gender Breakdown for Common Majors

Degrees Awarded to Men

  1. 348

  2. 1,531

In 2017, 348 degrees were awarded to men at Rasmussen College-Minnesota, which is 0.227 times less than the number of degrees awarded to females (1,531).

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

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Most Common Male Majors

In 2017, 82 degrees were awarded to men at Rasmussen College-Minnesota in Registered Nursing, which is 0.171 times less than the 479 female recipients with that same degree.

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Most Common Female Majors

In 2017, 479 degrees were awarded to women at Rasmussen College-Minnesota in Registered Nursing, which is 5.84 times more than the 82 male recipients with that same degree.

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Time to Complete

11%

100% Completion Time

13%

150% Completion Time

In 2017, 11% of students graduating from Rasmussen College-Minnesota completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 13% completed their degrees within 150% of the normal time, and 13% 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.

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Diversity

Graduation Rate by Race and Gender

Showing demographic groups with ≥ 5 graduating students.

White Female

Highest Graduation Rate (40%)

The student demographic with the highest graduation rate at Rasmussen College-Minnesota is Female and White (40% graduation rate). Across all Baccalaureate/Associates Colleges, Asian Female students have the highest graduation rate (68.1%).

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% of graduates (0 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity

  1. White

    1,400 degrees awarded

  2. Unknown

    219 degrees awarded

  3. Black or African American

    143 degrees awarded

The most common race/ethnicity at Rasmussen College-Minnesota is white (1,400 degrees awarded). There were 6.39 times more white recipients than the next closest race/ethnicity group, unknown (219 degrees).

11.7% of degree recipients (219 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic

  1. White Female

    1,163 degrees awarded

  2. White Male

    237 degrees awarded

  3. Black or African American Female

    119 degrees awarded

The most common race/ethnicity and gender grouping at Rasmussen College-Minnesota is white female (1,163 degrees awarded). There were 4.91 times more white female recipients than the next closest race/ethnicity group, white male (237 degrees).

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Operations

Rasmussen College-Minnesota has an endowment valued at nearly $N/A, as of the end of the 2017 fiscal year. The return on its endowment was of $0 (N/A%), compared to the 1.44% average return ($144k on $10M) across all Baccalaureate/Associates Colleges.

In 2017, Rasmussen College-Minnesota had a total salary expenditure of $61.3M. Rasmussen College-Minnesota employs 76 Instructors, 0 N/A, and 0 N/A. Most academics at Rasmussen College-Minnesota are Female Instructors (63), Male Instructors(13), and N/A (0).

The most common positions for non-instructional staff at Rasmussen College-Minnesota are: Librarians, Curators, Archivists, and Academic Affairs and Other Education Services, with 201 employees, Management, with 63 employees, and Business and Financial Operations with 14 employees.

Finances

Endowment

$N/A

2017 Endowment

0%

growth from 2016

Rasmussen College-Minnesota has an endowment valued at about $N/A, as of the end of the 2017 fiscal year. The endowment of Rasmussen College-Minnesota stayed 0% from the previous year. The value of their endowment was $N/A approximately the same as than the median endowment of Baccalaureate/Associates Colleges according to the Carnegie Classification grouping.

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

The small bar chart below shows the endowment quintiles for all universities in the Baccalaureate/Associates Colleges: Mixed Baccalaureate/Associates Carnegie Classification grouping.

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Government Grants and Contracts

Grants & Contracts

  1. $0 - Federal

  2. $0 - State

  3. $0 - Local

As of 2017, Rasmussen College-Minnesota received $0 in grants and contracts from the federal government, $0 from state grants and contracts, and $0 from local grants and contracts.

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Expenses

Salary Expenditure

$24.5M

2017 Salaries

1.46%

decline from 2016

In 2017, Rasmussen College-Minnesota paid a median of $24.5M in salaries, which represents 40% of their overall expenditure ($61.3M) and a 1.46% decline from the previous year. This is compared to a 1.2% decline from 2015 and a 9.05% decline from 2014.

The median for similar Baccalaureate/Associates Colleges is 6.2M (33.2% of overall expenditures).

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Instructional Salaries

$5.29M

Instructional Salaries

76

Number of Employees

In 2017, Rasmussen College-Minnesota paid a total of $5.29M to 76 employees working as instructors, which represents 21.6% of all salaries paid.

This is compared to a median of $916k (25.3%) for similar Baccalaureate/Associates Colleges: Mixed Baccalaureate/Associates.

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Faculty and Staff

Occupations by Share

Instructor

Most Common Instructor

76 Employees

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

Most Common Non-Instructional Employee

201 Employees

In 2017, the most common positions for instructional staff at Rasmussen College-Minnesota were Instructor with 76 employees; false with 0 employees; and false with 0 employees.

In 2017, the most common positions for non-instructional staff at Rasmussen College-Minnesota were Librarians, Curators, Archivists, and Academic Affairs and Other Education Services with 201 employees; Management with 63 employees; and Business and Financial Operations with 14 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic

  1. Female Instructor

  2. Male Instructor

  3. false

In 2017, the most common demographic for instructional staff at Rasmussen College-Minnesota was Female Instructor with 63 employees, Male Instructor with 13 employees, and false with 0 employees.

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

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