Tuition / Financial Aid

Figuring out how to pay for school may be an issue for you. Luckily, there is a financial aid program to suit almost every need. Rasmussen College is here to make this process easy to understand and as stress-free as possible.

Each campus has a knowledgeable Financial Aid Staff, who will work with you to clarify Scholarship opportunities, help with required paperwork, and make sure you get the maximum assistance for which you qualify.

Learn more:

Tuition

Tuition varies based upon course selection, location and the number of courses studied each quarter. Also, some of our programs are based on a price per credit while others are priced per course. On average, tuition will run approximately $405 a credit for our Minnesota programs and approximately $1200 a course for our Florida, Illinois, Wisconsin and North Dakota programs. Online pricing is comparable.

For specific tuition and information on your program of interest, please contact us at (888) 549-6755 for more details.

Types of Assistance

Note: Financial Aid award years run from July 1 to June 30 of each year.

Pell Grants and Supplemental Educational Opportunity Grants:

  • Are awarded based on the level of enrollment (the number of credits being taken per term) and financial need as determined by federal formulas.
  • If you have a Bachelor’s Degree, you are no longer eligible to receive Pell grant funding.
  • Maximum full-time Pell Grant for 2008-2009 award year is $4,731.
  • Each campus awards SEOG, depending on the amount of funding that has been allocated to the institution for the award year.

Federal Loan Programs:

  • Federal Subsidized Stafford Loans
    • These loans do not accrue interest while you are attending school at least half-time. Refer to your college catalog for loan limits.
  • Federal Unsubsidized Stafford Loans
    • These loans accrue interest at a low rate while you are attending school at least half-time. Refer to your college catalog for loan limits.
  • Federal PLUS loans
    • These loans are borrowed by a parent for his or her dependent son or daughter. Refer to your college catalog for loan limits.

State Programs:

Some states offer additional funding in the form of grants, scholarships, or loans. To find out whether you qualify for state funding, contact the Financial Aid Office.

Alternative Loans:

Various lenders offer alternative loan sources to cover costs of attendance that cannot be covered through federal programs. Each Rasmussen College campus has information on loan options available for your convenience.

Outside Sources:

All campuses accept funding from outside sources for attendance. Contact the Financial Aid Office at your campus if you need to arrange for outside funding to pay for any part of your educational expenses.

Employment Assistance

For information about Work/Study or obtaining a part-time job that will help you pay for school, contact us at (888) 549-6755. We will be happy to discuss all of your options with you.

Rasmussen College’s Military Servicemember Discount

We are proud to announce that we are offering a 10% tuition discount to all United States Military Servicemembers and in addition, we will extend the 10% discount to the spouse, and dependents under age 21, of any service member on active duty as outlined above. These individuals must provide an actual or faxed copy of their dependent military ID card, which includes an expiration date.

This represents an expansion from our original military tuition discount to include a Servicemember's spouse and/or children.

Servicemembers may also have the ability to accept military-specific tuition assistance, including the MGI Bill and Federal Financial Aid, to help them pay for the remainder of their tuition to Rasmussen College.

Learn more:
Military Students

How to Apply for Student Financial Assistance

There are many important steps in applying for Financial Aid, but we have gathered them all together for you in an easy-to-understand format.

Learn more:
How to Apply for Student Financial Assistance