[From Muna] Minnesota spent the most on education and related expenses per FTE student in public research institutions of all 50 states at $24,138 compared to the national average of $15,618. Average net tuition was $10,522 in 2008; this is the amount students had to pay out-of-pocket for higher education on average and it was 44% of the total cost of education. Therefore, the state subsidized each student at $13,616 or 56% of total cost. The national average out-of-pocket spending per student was $7,563 and the average student paid 51% of costs (i.e. national subsidization of each student’s education cost was 49%).
According to the Chronicle of Higher Education, in the 2008/2009 academic year, Minnesota spent $311 million on financial aid in 2008/2009 and total national spending on financial aid was $10 billion. The national average for the 50 states, D.C. and Puerto Rico was $198 million.