Minnesota State University, Mankato · Minnesota
Minnesota State Mankato Merit Aid
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The merit-aid verdict at Minnesota State Mankato
Strong out-of-state value with dedicated awards for high achievers, transfers, and talent.
Who this school is for
Out-of-state students find exceptional value here, while transfer students with community college honors and those with military service or artistic talent have clear pathways to recognition.
Tuition / cost of attendance: Approximately $27,124 for 2026-2027. Source
Federal cost and outcome data
Federal reporting on who actually enrolls at Minnesota State Mankato, what they paid after aid, and what happened next — independent of anything the school markets.
| Family income | Average net price paid |
|---|---|
| $0–$30,000 | $12,339 |
| $30,001–$48,000 | $12,750 |
| $48,001–$75,000 | $15,137 |
| $75,001–$110,000 | $18,921 |
| $110,001+ | $22,798 |
| All income levels (average) | $19,139 |
Sticker price vs. what students actually pay
- Published tuition & fees (in-state), AY 2022-23
- $9,572
- Published tuition & fees (out-of-state), AY 2022-23
- $18,942
- Average net price paid (all Title-IV aid), AY 2021-22
- $19,139
That works out to roughly a 20% discount below the federal AY 2021-22 average cost of attendance of $23,995 (College Scorecard — a separate, federally reported figure, not the published cost of attendance shown above).
Minnesota State Mankato is a public school; Scorecard's net price figure covers in-state, Title-IV-aid-recipient payers only — there is no comparable federal figure for out-of-state students.
Outcomes for students who enrolled here
- Graduation rate (150% of normal time), 2016 cohort
- 54%
- First-year retention rate, 2021 cohort
- 80%
- Median debt at completion, 2020–2021 completers
- $21,106 (~$224/mo on a 10-yr plan)
- Median earnings, 10 years after entry (measured 2020-21)
- $56,922
- Share of students receiving a Pell grant, AY 2021-22
- 25%
- Share of students receiving a federal loan, AY 2021-22
- 58%
Institutional merit aid tiers
Every tier below is sourced to the school’s own published financial aid pages. Renewal terms apply only if the student maintains the stated GPA.
Lesser-known scholarships at Minnesota State Mankato
Named awards that don’t always surface on the main financial aid page. Each one has its own eligibility rules.
Minnesota State Mankato merit aid FAQ
What is the deadline for Meredith Scholarship?
The deadline for the Meredith Scholarship is January 15.
What is the deadline for Presidential Scholarship?
The deadline for the Presidential Scholarship is January 15.
How Minnesota State Mankato compares across our verified dataset
- 668 of 750 verified schools publish at least one four-year renewable merit award.
Minnesota State Mankato is one of them. The cohort minority (82 schools) only awards one-year scholarships, which means the four-year value families assume on a brochure quote isn't guaranteed at every school.
- 132 of 750 verified schools publish a dedicated National Merit Finalist package.
Minnesota State Mankato is one of them. NMF packages typically carry their own stacking and renewal carve-outs separate from the standard automatic merit ladder; confirm those before assuming the headline NMF value is final.
Sources used on this page
Every claim is checked against Minnesota State Mankato’s own published materials. Below is the full reference set.
Compare with similar schools
- Metro State University merit aid — Minnesota public university — compare automatic merit, amounts, and stacking.
- St. Cloud State merit aid — Minnesota public university — compare automatic merit, amounts, and stacking.
- UMN Duluth merit aid — Minnesota public university — compare automatic merit, amounts, and stacking.
- UMN Morris merit aid — Minnesota public university — compare automatic merit, amounts, and stacking.