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 Minnesota School of Business-Richfield

Minnesota School of Business-Richfield - Richfield, MN

1401 W 76 St, Richfield, Minnesota 55423

General information:(612)861-2000
Website:
Type:4-Year,Private for-profit
Awards offered:Award of at least 1 but less than 2 academic years
Associate's degree
Bachelor's degree
Award of less than 1 academic year
Master's degree
Campus setting:Suburb: Large
Campus housing:No
Student population:1,647(1,559 undergraduate)
Student-to-faculty ratio:10 to 1
Admissions
Apply Online
Financial Aid
Net Price Calculator
Special Learning Opportunities
Distance learning opportunities
Study abroad
Weekend/evening college
Student Services
Remedial services
Academic/career counseling service
Employment services for students
Placement services for completers
Credit Accepted
Dual credit
Credit for life experiences
Advanced placement (AP) credits
Carnegie Classification
Master's Colleges and Universities (smaller programs)
Religious Affiliation
Not applicable
Federal Aid
Eligible students may receive Pell Grants and other federal aid (e.g. Direct Loans).
Undergraduate students enrolled who are formally registered with office of disability services
3% or less
Estimated Expenses for Full-time Beginning Undergraduate Students

• Beginning students are those who are entering postsecondary education for the first time.

Detailed Expenses 2009-2010 2010-2011 2011-2012 %change 2010-2011 to 2011-2012
Tuition and fees
In-state $14,940 $15,660 $15,660 0%
Out-of-state $14,940 $15,660 $15,660 0%
Books and supplies $2,160 $2,160 $2,160 0%
Living arrangement
On Campus
Room and board $ $ $ NAN%
Other $ $ $ NAN%
Off Campus
Room and board $12,537 $13,167 $13,167 0%
Other $3,384 $3,555 $3,555 0%
Off Campus with Family
Other $3,384 $3,555 $3,555 0%
Total Expenses 2009-2010 2010-2011 2011-2012 %change 2010-2011 to 2011-2012
In-state
On Campus $17,100 $17,820 $17,820 0%
Off Campus $33,021 $34,542 $34,542 0%
Off Campus with Family $20,484 $21,375 $21,375 0%
Out-of-state
On Campus $17,100 $17,820 $17,820 0%
Off Campus $33,021 $34,542 $34,542 0%
Off Campus with Family $20,484 $21,375 $21,375 0%
Average graduate student tuition and fees for academic year 2012-2013
In-state tuition $15,660
In-state fees $0
Out-of-state tuition $15,660
Out-of-state fees $0
Alternative Tuition Plans
Type of Plan Offered
Tuition guarantee plan
Prepaid tuition plan
Tuition payment plan X
Other alternative tuition plan
Average graduate student tuition and fees for academic year 2012-2013
In-state tuition $9,630
In-state fee $0
Out-of-state tuition $9,630
Out-of-state fees $0
Undergraduate Student Financial Aid, 2010-2011
Full-time Beginning Undergraduate Students

• Beginning students are those who are entering postsecondary education for the first time.

Type of Aid Number receiving aid Percent receiving aid Total amount of aid received Average amount of aid received
Any student financial aid 48 98% --
Grant or scholarship aid 46 94% $303,586 $6,600
Federal grants 36 73% $158,098 $4,392
Pell grants 36 73% $143,810 $3,995
Other federal grants 14 29% $14,288 $1,021
State/local government grant or scholarships 21 43% $28,402 $1,352
Institutional grants or scholarships 28 57% $117,086 $4,182
Student loan aid 41 84% $411,566 $10,038
Federal student loans 40 82% $334,137 $8,353
Other student loans 18 37% $77,429 $4,302
All Undergraduate Students
Type of Aid Number receiving aid Percent receiving aid Total amount of aid received Average amount of aid received
Grant or scholarship aid1 1,409 81% $6,940,163 $4,926
Pell grants 977 56% $3,602,364 $3,687
Federal student loans 1,372 79% $14,183,884 $10,338

AVERAGE NET PRICE FOR FULL-TIME BEGINNING STUDENTS

Full-time beginning undergraduate students who paid the in-state or in-district tuition rate and were awarded grant or scholarship aid from federal, state or local governments, or the institution.
2008-20092009-20102010-2011
Average net price Not applicable Not applicable Not applicable
Full-time beginning undergraduate students who paid the in-state or in-district tuition rate and were awarded Title IV aid by income.
Average net price by Income 2008-2009 2009-2010 2010-2011
$0 - $30,000 Not applicable Not applicable Not applicable
$30,001 - $48,000 Not applicable Not applicable Not applicable
$48,001 - $75,000 Not applicable Not applicable Not applicable
$75,001 - $110,000 Not applicable Not applicable Not applicable
$110,001 and more Not applicable Not applicable Not applicable

• Average net price is generated by subtracting the average amount of federal, state/local government, or institutional grant or scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies, and the weighted average for room and board and other expenses.

• Beginning students are those who are entering postsecondary education for the first time.

• Title IV aid to students includes grant aid, work study aid, and loan aid. These include: Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), Academic Competitiveness Grant (ACG), National Science and Mathematics Access to Retain Talent Grant (National SMART Grant), Teacher Education Assistance for College and Higher Education (TEACH) Grant, Federal Work-Study, Federal Perkins Loan, Subsidized Direct or FFEL Stafford Loan, and Unsubsidized Direct or FFEL Stafford Loan. For those Title IV recipients, net price is reported by income category and includes students who received federal aid even if none of that aid was provided in the form of grants. While Title IV status defines the cohort of student for which the data are reported, the definition of net price remains the same total cost of attendance minus grant aid.

NET PRICE CALCULATOR

• An institution's net price calculator allows current and prospective students, families, and other consumers to estimate the net price of attending that institution for a particular student.

Fall 2011
Total enrollment 1,647
Undergraduate enrollment 1,559
Undergraduate transfer-in enrollment 248
Graduate enrollment 88
UNDERGRADUATE STUDENT GENDER
UNDERGRADUATE RACE/ETHNICITY
GRADUATE ATTENDANCE STATUS

Undergraduate application fee (2012-2013):$50

Graduate application fee (2011-2012):$50

•This institution has an open admission policy. Contact the institution for more information.

First-to-Second Year Retention Rates

Retention rates measure the percentage of first-time students who are seeking bachelor's degrees who return to the institution to continue their studies the following fall.

Retention Rates for First-Time Students Pursuing Bachelor's Degrees

Percentage of Students Who Began Their Studies in Fall 2010 and Returned in Fall 2011

Overall Graduation Rate and Transfer-Out Rate

The overall graduation rate is also known as the "Student Right to Know" or IPEDS graduation rate. It tracks the progress of students who began their studies as full-time, first-time degree- or certificate-seeking students to see if they complete a degree or other award such as a certificate within 150% of "normal time" for completing the program in which they are enrolled.

Some institutions also report a transfer-out rate, which is the percentage of the full-time, first-time students who transferred to another institution.

Note that not all students at the institution are tracked for these rates. Students who have already attended another postsecondary institution, or who began their studies on a part-time basis, are not tracked for this rate. At this institution, 8 percent of entering students were counted as "full-time, first-time" in 2011.

No varsity sports data reported for this institution.

INSTITUTIONAL ACCREDITATION

AGENCYPERIODS OF ACCREDITATIONSTATUS
Accrediting Council for Independent Colleges and Schools01/01/2005 Accredited
Accrediting Council for Independent Colleges and Schools12/19/2006 Accredited
Accrediting Council for Independent Colleges and Schools07/01/2008 Accredited
Accrediting Council for Independent Colleges and Schools01/01/2009 Accredited
Accrediting Council for Independent Colleges and Schools05/04/2009 Accredited
Accrediting Council for Independent Colleges and Schools07/01/1953 Accredited
Accrediting Council for Independent Colleges and Schools07/01/1953 Accredited
Accrediting Council for Independent Colleges and Schools07/01/1953 Accredited
Accrediting Council for Independent Colleges and Schools07/01/1953 Accredited
Accrediting Council for Independent Colleges and Schools07/01/1953 Accredited

SPECIALIZED ACCREDITATION

AGENCY/PROGRAMPERIODS OF ACCREDITATIONSTATUS
Accrediting Bureau of Health Education Schools

Medical Assistant Education (MAAB) - Private schools and programs

12/01/2010 Accredited
Accrediting Bureau of Health Education Schools

Medical Assistant Education (MAAB) - Private schools and programs

12/01/2010 Accredited
Accrediting Bureau of Health Education Schools

Medical Assistant Education (MAAB) - Private schools and programs

12/01/2010 Accredited
Accrediting Bureau of Health Education Schools

Medical Assistant Education (MAAB) - Private schools and programs

12/01/2010 Accredited
Accrediting Bureau of Health Education Schools

Medical Assistant Education (MAAB) - Private schools and programs

03/16/2011 Accredited
Accrediting Bureau of Health Education Schools

Medical Assistant Education (MAAB) - Private schools and programs

12/01/2010 Accredited
Accrediting Bureau of Health Education Schools

Medical Assistant Education (MAAB) - Private schools and programs

01/24/2011 Accredited
Accrediting Bureau of Health Education Schools

Medical Assistant Education (MAAB) - Private schools and programs

12/01/2010 Accredited
Accrediting Bureau of Health Education Schools

Medical Assistant Education (MAAB) - Private schools and programs

12/01/2010 Accredited
Accrediting Bureau of Health Education Schools

Medical Assistant Education (MAAB) - Private schools and programs

12/01/2010 Accredited
Commission on Collegiate Nursing Education

Nursing (CNURED) - Nursing education programs at the baccalaureate degree levels

09/27/2008 Accredited

2011 CRIME STATISTICS

ARRESTS-ON-CAMPUS200920102011
Illegal weapons possession000
Drug law violations00 0
Liquor law violations000
Arrests - On-Campus Residence Halls 2009 2010 2011
Illegal weapons possession ------
Drug law violations ----
Liquor law violations ------
Criminal Offenses - On-Campus 2009 2010 2011
Murder/Non-negligent manslaughter 000
Negligent manslaughter 000
Sex offenses - Forcible 000
Sex offenses - Non-forcible (incest and statutory rape only) 000
Robbery 000
Aggravated assault 000
Burglary 000
Motor vehicle theft 000
Arson 000
Criminal Offenses - On-Campus Residence Halls 2009 2010 2011
Murder/Non-negligent manslaughter ------
Negligent manslaughter ------
Sex offenses - Forcible ------
Sex offenses - Non-forcible (incest and statutory rape only) ------
Robbery ------
Aggravated assault ------
Burglary ------
Motor vehicle theft ------
Arson ------
• (!) Residence Halls are a subset of On-Campus statistics
• The crime data reported by the institutions have not been subjected to independent verification by the U.S. Department of Education. Therefore, the Department cannot vouch for the accuracy of the data reported here.
• These data do not include incidents that: (a) took place off campus on public property immediately adjacent to and accessible from the Campus; (b) took place on a noncampus building or property owned or controlled by a student organization that is officially recognized by the institution; or (c) incidents at buildings/property owned or controlled by an institution but is not contiguous to the institution. For further information, see http://ope.ed.gov/security.

THREE-YEAR OFFICIAL COHORT DEFAULT RATES

FISCAL YEAR2009
Default Rate17.1%
Number in default425
Number in repayment2,474

• For further information on default rates please visit the Cohort Default Rate Home Page. This school's six-digit OPE ID is 00464600

Aid Programs

• Federal Family Education Loan (FFEL)

• Federal Direct Loan (Direct Loan)

COMPLETIONS(NUMBER OF AWARDS CONFERRED)

Completions are the number of awards conferred by program and award level.

PROGRAMAward of at least 1 but less than 2 academic years Associate's degree Bachelor's degree Award of less than 1 academic year Master's degree
Business, Management, Marketing, and Related Support Services Colleges
Accounting52129--
Administrative Assistant and Secretarial Science, General---2-
Business Administration and Management, General-4752-70
Marketing/Marketing Management, General-4---
Category total57281270
Communication Technologies Technicians and Support Services Colleges
Animation, Interactive Technology, Video Graphics and Special Effects927---
Category total927---
Computer and Information Sciences and Support Services Colleges
Computer Programming/Programmer, General-43--
Computer Systems Networking and Telecommunications-14---
Information Technology--14--
Category total-1817--
Health Professions and Related Programs Colleges
Health/Health Care Administration/Management--10--
Medical Administrative/Executive Assistant and Medical Secretary15---
Medical/Clinical Assistant98---
Registered Nursing/Registered Nurse--37--
Category total101347--
Homeland Security, Law Enforcement, Firefighting and Related Protective Services Colleges
Criminal Justice/Law Enforcement Administration-7---
Category total-7---
Legal Professions and Studies Colleges
Legal Assistant/Paralegal-20211-
Category total-20211-
Visual and Performing Arts Colleges
Arts, Entertainment,and Media Management, General--3--
Graphic Design-12---
Music Management-11---
Category total-233--
Grand total241801501370