The private nonprofit colleges that are members of the Minnesota Private College Council award 29% of all the bachelor's degrees earned in the state. That translates to 9,958 graduates a year -- not much different at all from the U of M with 10,514 graduates and MnSCU universities with 10,737 graduates.
Yet what the state contributes -- through need-based financial aid -- to students at our colleges is only 2.9% of the state's overall spending on higher education, looking at fiscal year 2012-13.
So for 2.9% of higher education spending the state is supporting 29% of all of the state's baccalaureates. That's just one of the reasons why private nonprofit colleges are good for Minnesota.
A new factsheet sums up a few more key facts about our colleges.