Who pays what at the U after financial aid is factored in


The graphic above is the University of Minnesota‘s response to “The Benson Chart,” which is an attempt by the Minnesota State Colleges and Universities (MnSCU) system to show the net cost of tuition for students from various income levels.

(I’d wondered in my post whether the U had a similar chart handy. )

I’m reposting the MnSCU chart below for your convenience:

AKA “The Benson Chart”

The U’s chart came from Matt Hodson, a media relations associate there. He wrote me:

I have prepared the attached chart for the University of Minnesota, Twin Cities campus using the same formula as the MnSCU chart – which is tuition, minus state and Pell grants.

However, an important caveat: the University of Minnesota Promise Scholarship (U Promise) is the U of M’s guaranteed scholarship commitment to Minnesota undergraduate students whose families make up to $100,000 per year.

While I do not know the structure of institutional aid at MnSCU, resident undergraduates across the University of Minnesota system who are eligible for state and Pell grants are also eligible for the U Promise Scholarship; therefore, this institutional aid must be included in the chart.

He brings up a good point — at it involves data that I tried to get while covering MnSCU’s attempt to boost the money it has for scholarships. I’ve spoken to the communications director at MnSCU about that, and I’m hoping to follow up when I get some numbers. I’m assuming that will drive down the MnSCU prices a bit, but I’m not sure by how much.

That said, Hodson did acknowledge that the income brackets in the U’s graphic are different from the ones in MnSCU’s.

I’ve asked the Minnesota Private College Council for charts that it might have, and will post what I’ve received so far in just a bit.

  • Guest

    The question is less about tuition and more about cost of attendance. The State holding down the tuition, putting more dollars into State grants, and holding the U accountable to graduating low-income students are all good starts . Increases in on-campus housing and University-related fees will put the U’s tuition over $26,000 (approximately) for this year’s class. Thus, low-income students (who often don’t have the same tax breaks and resources that middle and upper classes have) will need to work and take out loans to make up for the remaining $12,000. Most graduate in five years so that could means that low-income students will graduate with almost $60,000 in debt if the U doesn’t put in more for need-based aid. $4,000 of need-based is not much when the cost of attendance is $26,000.

  • Guest

    The question is less about tuition and more about cost of attendance. The State holding down the tuition, putting more dollars into State grants, and holding the U accountable to graduating low-income students are all good starts . Increases in on-campus housing and University-related fees will put the U’s cost of attendance over $26,000 (approximately) for this year’s class. Thus, low-income students (who often don’t have the same tax breaks and resources that middle and upper classes have) will need to work and take out loans to make up for the remaining $12,000. Most graduate in five years so that could means that low-income students will graduate with almost $60,000 in debt if the U doesn’t put in more for need-based aid. $4,000 of need-based is not much when the cost of attendance is $26,000.

  • Andy Howe

    The question is less about tuition and more about cost of attendance. The State holding down the tuition, putting more dollars into State grants, and holding the U accountable to graduating low-income students are all good starts . Increases in on-campus housing and University-related fees will put the U’s cost of attendance over $26,000 (approximately) for this year’s class. Thus, low-income students (who often don’t have the same tax breaks and resources that middle and upper classes have) will need to work and take out loans to make up for the remaining $12,000. Most graduate in five years so that could means that low-income students will graduate with almost $60,000 in debt if the U doesn’t put in more for need-based aid. $4,000 of need-based is not much when the cost of attendance is $26,000.