Rasmussen College-Minnesota

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2019 Undergraduate Tuition
$9,360
0% growth from 2018
2019 Average Net Price
$18,455
After Financial Aid
2017 Student Loan
9.4%
Default Rate
2019 Enrolled Students
3,971
48.8% Full-Time
2018 Graduation Rate
33.3%
5 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 Registered Nursing (127 degrees awarded), Health Information & Medical Records Administration (11 degrees), and Graphic Design (8 degrees).

In 2019, 2,208 degrees were awarded across all undergraduate and graduate programs at Rasmussen College-Minnesota. 84.4% of these degrees were awarded to women, and 15.6% awarded men. The most common race/ethnicity group of degree recipients was white (1,259 degrees), 3.29 times more than then the next closest race/ethnicity group, unknown (383 degrees).

The median undergraduate tuition at Rasmussen College-Minnesota is $9,360, which is $-3,129 less than the national average for Baccalaureate/Associates Colleges ($12,489).

Costs

The median undergraduate tuition at Rasmussen College-Minnesota is $9,360, which is $-3,129 less than the national average for Baccalaureate/Associates Colleges ($12,489).

After taking grants and loans into account, the average net price for students is $18,455.

In 2019, 87% of undergraduate students received federal grants, while 76% of undergraduate students received federal loans.

Student Expenses

Tuition Costs

$9,360
2019 Undergraduate Tuition

In 2019, the cost of tuition at Rasmussen College-Minnesota was $9,360. The cost of tuition at Rasmussen College-Minnesota is $-3,129 less than than the overall (public and private) national average for Baccalaureate/Associates Colleges ($12,489).

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Average Net Price

$18,455
2019 Value
9.93%
1 Year Growth

In 2019 Rasmussen College-Minnesota had an average net price — the price paid after factoring in grants and loans — of $18,455. Between 2018 and 2019, the average net price of Rasmussen College-Minnesota grew by 9.93%.

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

$8,226
Room and Board
$180
Books and Supplies

The average yearly cost of room and board at Rasmussen College-Minnesota was of $8,226 in 2019. During the same period, the average yearly cost of books and supplies was $180. The cost of room and board increased by 2.24% between 2018 and 2019. The cost of books and supplies did not change during the same period.

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Financial Aid

Financial Aid by Income Level

87%
Of Undergraduates Receive Grants
76%
Of Undergraduates Receive Federal Loans

87% of undergraduate students at Rasmussen College-Minnesota received grants or loans in 2019. This represents a growth of 29.9% with respect to 2018, when 67% 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.
9.4%
2017 Default Rate
1024
Number of Defaults

In 2017 the default rate for borrower's at Rasmussen College-Minnesota was 9.4%, which represents 1024 out of the 10892 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 3,971 students. The full-time enrollment at Rasmussen College-Minnesota is 1,936 students and the part-time enrollment is 2,035. This means that 48.8% of students enrolled at Rasmussen College-Minnesota are enrolled full-time.

The enrolled student population at Rasmussen College-Minnesota, both undergraduate and graduate, is 49.4% White, 17.3% Black or African American, 5.16% Hispanic or Latino, 4.08% Asian, 2.77% Two or More Races, 0.151% Native Hawaiian or Other Pacific Islanders, and 0% American Indian or Alaska Native.

Students enrolled at Rasmussen College-Minnesota in full-time Undergraduate programs are most commonly White Female (45.3%), followed by Black or African American Female (11.8%) and White Male (7.62%). Students enrolled in full-time Graduate programs are most commonly White Female (68.8%), followed by Black or African American Female (9.38%) and White Male (9.38%).

Full-Time vs Part-Time Enrollment

48.8%
Full-Time Enrollment

The total enrollment at Rasmussen College-Minnesota, both undergraduate and graduate, is 3,971 students. The full-time enrollment at Rasmussen College-Minnesota is 1,936 and the part-time enrollment is 2,035. This means that 48.8% of students enrolled at Rasmussen College-Minnesota are enrolled full-time compared with 44.4% 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%
2019 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 (63%), Rasmussen College-Minnesota had a retention rate higher than its peers.

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Enrollment by Race & Ethnicity

Most Common Race or Ethnicity
  1. White
    1,961
  2. Black or African American
    686
  3. Hispanic or Latino
    205

The enrolled student population at Rasmussen College-Minnesota is 49.4% White, 17.3% Black or African American, 5.16% Hispanic or Latino, 4.08% Asian, 2.77% Two or More Races, 0.151% Native Hawaiian or Other Pacific Islanders, 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 44% White, 26% Hispanic or Latino, and 13.8% Black or African American.

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Graduates

In 2019, 1520 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 (1,259 degrees awarded). There were 3.29 times more white graduates than the next closest race/ethnicity group, unknown (383 degrees).

The most common Bachelor's Degree concentration at Rasmussen College-Minnesota is Registered Nursing (127 degrees awarded), followed by Health Information & Medical Records Administration (11 degrees) and Graphic Design (8 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 (1,520 degrees awarded), Protective Services (109 degrees), and Education (141 degrees).

Workforce

Common Jobs by Major

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 (1,608,043 people), Registered nurses (1,481,317 people), Accountants & auditors (1,017,749 people), Other managers (810,408 people), and Secondary school teachers (554,302 people).

The most specialized majors at Rasmussen College-Minnesota are Health (1,520 degrees awarded), Protective Services (109 degrees), Education (141 degrees), Business (360 degrees), and Legal (17 degrees).

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Highest Paying Jobs by Major

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, Magnetic resonance imaging technologists, Physicians, Actuaries, and Cardiovascular technologists and technicians

The most specialized majors at Rasmussen College-Minnesota are Health (1,520 degrees awarded), Protective Services (109 degrees), Education (141 degrees), Business (360 degrees), and Legal (17 degrees).

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Common Industries by Major

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 (3,242,040 people), General medical and surgical hospitals, and specialty (except psychiatric and substance abuse) hospitals (1,803,923 people), Colleges, universities & professional schools, including junior colleges (626,948 people), Justice, public order, & safety activities (537,336 people), and Computer Systems Design (517,234 people).

The most specialized majors at Rasmussen College-Minnesota are Health (1,520 degrees awarded), Protective Services (109 degrees), Education (141 degrees), Business (360 degrees), and Legal (17 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. 127 degree-majorss awarded
  2. 11 degree-majorss awarded
  3. 8 degree-majorss awarded

In 2019, the most common bachelors degree concentration at Rasmussen College-Minnesota was Registered Nursing with 127 degrees awarded.

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

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Gender Breakdown for Common Majors

344
Degrees Awarded to Men
in 2019
1,864
Degrees Awarded to Women
in 2019

In 2019, 344 degrees were awarded to men at Rasmussen College-Minnesota, which is 0.185 times less than the number of degrees awarded to females (1,864).

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 2019, 102 degrees were awarded to men at Rasmussen College-Minnesota in Registered Nursing, which is 0.138 times less than the 738 female recipients with that same degree.

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Most Common Female Majors

In 2019, 738 degrees were awarded to women at Rasmussen College-Minnesota in Registered Nursing, which is 7.24 times more than the 102 male recipients with that same degree.

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Time to Complete

14%
100% Completion Time
14%
150% Completion Time

In 2019, 14% of students graduating from Rasmussen College-Minnesota completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 14% completed their degrees within 150% of the normal time, and 14% 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 (66.7%)

The student demographic with the highest graduation rate at Rasmussen College-Minnesota is Female and White (66.7% graduation rate). Across all Baccalaureate/Associates Colleges, Asian Female students have the highest graduation rate (69.1%).

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, 20% of graduates (1 students) did not report their race.

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Race & Ethnicity by Share

Most Common Student Race or Ethnicity
  1. White
    1,259 degrees awarded
  2. Unknown
    383 degrees awarded
  3. Black or African American
    322 degrees awarded

The most common race/ethnicity at Rasmussen College-Minnesota is white (1,259 degrees awarded). There were 3.29 times more white recipients than the next closest race/ethnicity group, unknown (383 degrees).

17.3% of degree recipients (383 students) did not report their race.

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Race & Ethnicity by Gender

Most Common Gender Demographic
  1. White Female
    1,060 degrees awarded
  2. Black or African American Female
    252 degrees awarded
  3. White Male
    199 degrees awarded

The most common race/ethnicity and gender grouping at Rasmussen College-Minnesota is white female (1,060 degrees awarded). There were 4.21 times more white female recipients than the next closest race/ethnicity group, black or african american female (252 degrees).

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Operations

Rasmussen College-Minnesota has an endowment valued at nearly $N/A, as of the end of the 2019 fiscal year. The return on its endowment was of $0 (NaNN%), compared to the 3.05% average return ($330k on $10.8M) across all Baccalaureate/Associates Colleges.

In 2019, Rasmussen College-Minnesota had a total salary expenditure of $70.2M. Rasmussen College-Minnesota employs 81 Instructors, 0 N/A, and 0 N/A. Most academics at Rasmussen College-Minnesota are Female Instructors (68), 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 66 employees, and Office and Administrative Support with 19 employees.

Finances

Endowment

$N/A
2019 Endowment
0%
growth from 2018

Rasmussen College-Minnesota has an endowment valued at about $N/A, as of the end of the 2019 fiscal year. The endowment of Rasmussen College-Minnesota stayed 0% from the previous year. The value of their endowment was $NaNM 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 2019, 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

$27.9M
2019 Salaries
2.9%
decline from 2018

In 2019, Rasmussen College-Minnesota paid a median of $27.9M in salaries, which represents 39.7% of their overall expenditure ($70.2M) and a 2.9% decline from the previous year. This is compared to a 17.2% growth from 2017 and a 1.46% decline from 2016.

The median for similar Baccalaureate/Associates Colleges is 9.89M (32.2% of overall expenditures).

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Instructional Salaries

$5.84M
Instructional Salaries
81
Number of Employees

In 2019, Rasmussen College-Minnesota paid a total of $5.84M to 81 employees working as instructors, which represents 21% of all salaries paid.

This is compared to a median of $2.99M (30.3%) for similar Baccalaureate/Associates Colleges.

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Faculty and Staff

Occupations by Share

Instructor
Most Common Instructor
81 Employees
Librarians, Curators, Archivists, and Academic Affairs and Other Education Services
Most Common Non-Instructional Employee
201 Employees

In 2019, the most common positions for instructional staff at Rasmussen College-Minnesota were Instructor with 81 employees; false with 0 employees; and false with 0 employees.

In 2019, 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 66 employees; and Office and Administrative Support with 19 employees.

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Instructors by Academic Rank and Gender

Most Common Demographic
  1. Female Instructor
  2. Male Instructor
  3. false

In 2019, the most common demographic for instructional staff at Rasmussen College-Minnesota was Female Instructor with 68 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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