Herzing University-Minneapolis reported a 10.2% reduction in tuition fees for the 2022-23 school year, based on the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the four-year private not-for-profit institution paid $12,750 this year, which is $1,450 less than the $14,200 tuition charged during the 2021-22 academic year.
Approximately 98% of the undergraduate students at the university are residents of Minnesota, while around 2% come from other states.
Data indicates that 95% of full-time undergraduates who began their studies at Herzing University-Minneapolis in 2022-23 received some form of student financial aid. Specifically, 82 students were awarded grants or scholarships totaling $699,990, and 69 students secured student loans amounting to more than $648,989.
Across the entire undergraduate population, 693 students benefited from grants or scholarships totaling $4.8 million. Additionally, 610 students obtained federal student loans totaling $5.4 million.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 54 | 58% | $315,146 | $5,836 |
| State / local grant or scholarship | 51 | 55% | $229,919 | $4,508 |
| Institutional grants or scholarships | 60 | 65% | $154,925 | $2,582 |
| Grant or scholarship aid total | 82 | 88% | $699,990 | $8,536 |
| Federal student loans | 69 | 74% | $554,250 | $8,033 |
| Other student loans | 9 | 10% | $94,739 | $10,527 |
| Student loan aid | 69 | 74% | $648,989 | $9,406 |
| Total student aid | 88 | 95% | $1.3 million | $15,329 |
