Rasmussen University-Minnesota
For-profit Community College in St. Cloud, MN. Six-year graduation rate 53%. Median 10-year earnings $39,080.
Ten-year median earnings of $39,080 are on the low side, which raises the bar for what this degree needs to cost. 54% finish within six years — respectable, though a meaningful share still leave without a credential. Graduates carry a median of $20,899 in debt — in line with the national norm.
Earnings: College Scorecard, median ten years after entry across students who received federal aid — completers and non-completers alike.
- ✓ 3-year loan default 0.0% — below national benchmark
Academics
Completion is middling: 54% finish inside six years. Retention is strong at 100%, and first-year attrition is where most degrees are lost. The distance between those two figures is the part worth noticing — students return for a second year at a much higher rate than they graduate, so attrition here is spread across the middle years rather than concentrated in the first. A 16:1 ratio is unremarkable; expect a mix of lecture halls and seminars. This is a for-profit four-year institution. That is not disqualifying, but it does mean verifying accreditation, transferability of credits, and job-placement claims directly rather than trusting the category.
Financial Aid
IPEDS Student Financial Aid · 2023-24 · grant and loan rates against 8,032 degree- or certificate-seeking undergraduates
Net price lands at $17,667 a year on average, neither cheap nor punishing. Income makes less difference than usual: $17,104 at $0–30k, $20,667 at $110k+. Most students get help: 86% receive grants worth $6,872 on average. 74% of students borrow federally, so debt is the norm rather than the exception.
Entering first-year students
A different, smaller group than the rates above: full-time students in their first year of college anywhere. The grant series here also excludes the "other sources" counted in the all-undergraduate figure, so the two are not comparable.
IPEDS Student Financial Aid · 2023-24 · 303 students
Net price by family income
The same students as the headline above, limited to those who received Title IV federal aid — a narrower group, with a lower overall average. IPEDS publishes no combined figure across these bands, so they should not be averaged into one.
| Family income band | Average net price |
|---|---|
| $0–30k | $17,104 |
| $30–48k | $17,088 |
| $48–75k | $19,170 |
| $75–110k | $22,575 |
| $110k+ | $20,667 |
IPEDS Student Financial Aid · 2023-24
Federal student loans went to 5,933 of these 8,032 students, totalling $53,610,897 — an average of $9,036 each.
IPEDS Student Financial Aid · 2023-24
Local housing costs
Typical rents near campus (Stearns County) — budget these against any cost-of-attendance housing estimate.
HUD Fair Market Rents (40th-percentile gross rent incl. utilities) · FY2026
Veterans & GI Bill
Heightened Cash Monitoring (Financial Responsibility); School placed on Heightened Cash Monitoring
VA GI Bill Comparison Tool (Veterans Affairs GIDS)