Applying For Financial Aid
Applying For Financial Aid
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Email
umdhelp@d.umn.edu
Net Price Calculator
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Application Process
Application Deadline
Rolling
Award Notification
On a rolling basis beginning February 14
Methodology For Awarding Institutional Aid
Federal Methodology
Forms Required Cost
FAFSA Code is 002388 Free
Profile of 2023-24 Financial Aid
Profile of 2023-24 Financial Aid
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Freshman
Financial Aid Applicants
1,670 (92.4%) of freshmen
Found to Have Financial Need
933 (55.9%) of applicants
Received Financial Aid
932 (99.9%) of applicants with financial need
Need Fully Met
334 (35.8%) of aid recipients
Average Percent of Need Met
79%
Average Award
$15,706
Need-Based Gift
Received by 919 (98.6%) of aid recipients, average amount $10,993
Need-Based Self-Help
Received by 705 (75.6%) of aid recipients, average amount $6,967
Merit-Based Gift
Received by 261 (28.0%) of aid recipients
792 (43.8%) of freshmen had no financial need and received merit aid, average amount $2,487
All Undergraduates
Financial Aid Applicants
5,654 (79.7%) of undergraduates
Found to Have Financial Need
3,533 (62.5%) of applicants
Received Financial Aid
3,492 (98.8%) of applicants with financial need
Need Fully Met
1,230 (35.2%) of aid recipients
Average Percent of Need Met
77%
Average Award
$15,260
Need-Based Gift
Received by 3,331 (95.4%) of aid recipients, average amount $10,986
Need-Based Self-Help
Received by 2,533 (72.5%) of aid recipients, average amount $7,064
Merit-Based Gift
Received by 882 (25.3%) of aid recipients
2,289(32.3%)of undergraduates had no financial need and received merit aid,average amount $2,540
All Undergraduates
2024 Graduates Who Took Out Loans
66%
Average Indebtedness of 2024 Graduates
$31,296
Financial Aid Programs
Financial Aid Programs
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Loans
Federal Loans
Direct Subsidized Stafford Loans
Direct Unsubsidized Stafford Loans
Direct Plus Loans
State Loans
Available
Other Loans
College/University Loans
Scholarships and Grants
Need-Based Available
Federal Pell grants
SEOG
State scholarships
Institutional scholarships
Private scholarships
Non-Need-Based Available
None
Non-Need Awards
Academic Interest/Achievement Award Areas
Not reported
Number of Awards
Not reported
Creative Arts/Performance Award Areas
Not reported
Number of Awards
Not reported
Special Achievements/Activities Award Areas
Not reported
Number of Awards
Not reported
Special Characteristics Award Areas
Ethnic Background
First-Generation College Students
Number of Awards
Not reported
Employment
Work-Study Programs
Federal work study available
other work study available
Average Earnings from On-Campus Employment
$1,120
Undergraduate and Undergraduate Financial Aid data displayed on CollegeData’s college profiles is from the 2024-25 academic year.
A portion of the College Profile data is provided under license by:
Peterson's Undergraduate and Undergraduate Financial Aid Databases, copyright © 2025 Peterson's LLC. All rights reserved.