Financial aid comes from four key sources:

• The federal government, the largest source of financial aid for undergraduates.
• The state government.
• The school itself.
• Private organizations and corporations.

The school will draw upon funds from all available sources to create a financial aid package.

In the 2008-2009 academic year, students attending Minnesota institutions received financial aid totaling $2.8 billion from state and federal governments, colleges, and private sources. This included:

• $1.1 billion in grants, scholarships, or price discounts
• $1.7 billion in student loans
• $119 million in parent loans
• $38 million in work-study earnings