We are a responsible steward of resources
At the University of Minnesota, we are committed to reducing financial barriers to student achievement. We are committed to aligning revenue with forward-thinking mission fulfillment. We are committed to building comprehensive long-range capital facilities and land-holding strategies to drive strategic growth. And we are committed to re-envisioning risk management and safety.
A higher percentage of our workforce is solely committed to core mission activities than at peer institutions.
Fulfilling our mission while stewarding our resources is a key commitment for the University as a public land-grant institution. The University system achieved a $90 million reduction in administrative expenses and is committed to further focusing expenses on activities central to our mission of teaching, research, and public service. Compared to peer institutions, UM—Twin Cities had the 3rd highest percentage of its workforce dedicated to delivering mission-focused activities.
Mission-Focused Workforce, UMTC & Peers
Sources: National Center for Education Statistics, IPEDS, Full- and Part-Time Staff by Occupational Category, excluding graduate assistants, 2020, https://nces.ed.gov/ipeds/use-the-data and Penn State IR website, https://opair.psu.edu/insitutional-research/projects/ipeds/human-resources/
Positioned for Excellence, Alignment & Knowledge
The PEAK Initiative, a systemwide effort to identify opportunities across non-academic functions to increase efficiency or gain capacity was launched to help steer our teaching, research, and outreach mission into the future.
Tuition Program for MN Families Earning < $50K
The Promise Plus Free Tuition Program provides funds in addition to the federal, state, and University grants/scholarships needed to cover the full cost of tuition for students whose families make $50,000 per year or less.
$280 Million in institutional gift aid provided to students systemwide.
2021 Institutional Gift Aid
Total: $279,903,451
>$2K Below National Average student debt
Systemwide, average student debt is below the national average by more than $2,000. Average student debt on the Twin Cities campus is the fourth lowest in the Big Ten.
Student Debt at Big 10 Institutions
| 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|
| Nebraska | $23,231 | $22,918 | $22,676 | $22,290 | $24,598 |
| Illinois | $25,222 | $25,550 | $23,123 | $24,655 | $24,766 |
| Michigan | $25,712 | $25,712 | $27,224 | $25,777 | $26,600 |
| Minnesota | $26,644 | $26,568 | $26,262 | $27,077 | $26,644 |
| Ohio State | $27,930 | $28,158 | $27,453 | $27,242 | $27,133 |
| Iowa | $27,715 | $28,405 | $28,691 | $28,328 | $27,369 |
| Indiana | $28,039 | $28,792 | $28,352 | $27,555 | $27,815 |
| Wisconsin | $27,831 | $27,979 | $28,229 | $27,973 | $27,889 |
| Purdue | $27,530 | $27,617 | $28,440 | $27,673 | $28,793 |
| Maryland | $27,559 | $28,122 | $28,511 | $29,133 | $30,594 |
| Michigan State | $32,310 | $31,736 | $31,393 | $31,275 | |
| Rutgers | $25,975 | $32,601 | $34,113 | $30,829 | $33,865 |
| Northwestern | $20,308 | $19,718 | $32,395 | $36,350 | $35,219 |
| Penn State | $37,213 | $37,307 | $38,695 | $40,128 | $42,657 |
| Average | $26,993 | $27,983 | $28,993 | $29,029 | $29,658 |
| Minnesota-Twin Cities compared to Big10 Avg | -$349 | -$1,415 | -$2,731 | -$1,952 | -$3,014 |
Source: Common Data Set
