University of Minnesota | Rochester

Financial Aid

Every student who meets the basic eligibility criteria and completes the Free Application for Federal Student Aid (FAFSA) is eligible for some form of assistance.
Note: School code = 003969 - UMN Twin Cities

Take advantage of the benefits open to you by completing the FAFSA as early as possible after January 1 each year. 

Financial Aid Basics

Many students never find out that they are qualified to receive state grants, federally-subsidized student work-study and/or loans. You won't know either, unless you complete a Free Application for Federal Student Aid (FAFSA).

Disbursement and billing

How your aid pays your bills.

Eligibility criteria

Eligibility is impacted by your financial situation, your degree program, academic progress, number of credits, and much more.

Aid sources

Once your FAFSA results are received by the University, you will be awarded financial aid, according to your eligibility. You are considered first for gift aid, then work-study (if requested on the FAFSA or earned last year), and last, loans, from one or more of the following sources:

Grants, waivers, and education benefits

Grant awards are based on your financial need as calculated by a federally-mandated formula and other eligibility as determined by the University of Minnesota. Tuition waivers and education benefits may have additional eligibility requirements or applications.


University, college, and departmental scholarships, national and local awards; resources for searching and tips for successful application.


Work-study awards are a form of financial aid which provides jobs for undergraduate and graduate students who need help to pay their educational expenses. Students must complete a Free Application for Federal Student Aid (FAFSA) to be considered for a work-study award. Click here for additional information - Work Study.


Loans are the last type of aid for which you are considered, after gift aid and work study. They are considered self-help financial aid because you must repay the money loaned to you.

Education Tax Benefits

Information about tax form 1098T, the Hope and Lifelong Learning tax credits, and other education tax benefits considered sources of aid

Financial Aid Estimator

The following links provide online tools that estimate the amount of federal, state, and University-based grants, along with federal education tax benefits, that may be available to you to attend the University of Minnesota. Actual grant amounts, including other types of financial aid (scholarships, work-study, loans), will be awarded only after you submit a FAFSA.

Minnesota Office of Higher Education
Department of Education


Contact One Stop for assistance.

Counselors are your financial aid experts available in:

person, by phone, or e-mail to assist you with questions or concerns.

Phone: 507-258-8069