About student aid
The two most important ways in which federal and state governments help students afford college are the Minnesota State Grant and the Federal Pell Grant. These grants do not have to be paid back. Through these programs, we invest in our future workforce. These programs:
- Increase college enrollment among low-income students, as well as the odds that they’ll stay in school and graduate on-time.
- Improve learning by allowing more study time, by reducing work time.
- Reduce reliance on student debt.
The most effective way to help more Minnesotans earn some form of a college degree is to strengthen the State Grant program, which targets aid to low- and middle-income college students.... That’s where new state investments are needed.
- Find out more about the State Grant program and how it targets students with need.
- Read more about State Grant impacts at specific institutions.
The Pell Grant is the federal government’s counterpart to the Minnesota State Grant. Like the State Grant, a student’s eligibility for a Pell Grant depends on financial need, the cost of attendance at a particular school and whether the student is enrolled full-time or part-time. The award is available for students attending either a public or a private institution. A financial aid award can be up to $5,730 through the Pell Grant program. And, like the State Grant, the Pell Grant does not need to be paid back.
- Read more about Pell Grants from the U.S. Department of Education
- Find information on Pell impacts at Minnesota colleges
- Keep up with federal issues on the Student Aid Alliance website