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Rasmussen University is a private for-profit university with multiple locations throughout the United States. It offers associate, bachelor's, master's, and doctoral degrees as well as certificates and diplomas in career-focused areas at 20 campuses in Minnesota, Illinois, North Dakota, Florida, Wisconsin, and Kansas with many programs offered online.
A student attending a private four year university has an average yearly cost of $49,870. These costs factor in tuition, housing, food, university fees, and supplies such as textbooks, manuals, and uniforms. Two year public universities, such as a community college, factor in tuition and fees, and have an average yearly cost of $3,730.
In October 2020, parent company APEI began the process of acquiring Rasmussen College, [22] later named Rasmussen University. [23] Under the 90-10 rule, schools are required to get funds that are not federal funds. In 2021, Congress closed the loophole in the 90-10 rule that previously excluded DOD Tuition Assistance funds and GI Bill funds.
Schools have also taken action for the sake of students. Harvard University, a well-known costly but wealthy institution that had previously cut tuition for students whose families earned less than $60,000 a year, proceeded to cut costs by nearly fifty percent for those students whose families earned between $120,000 and $180,000 a year. [21]
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Cost of living increased roughly 3.25-fold during this time; medical costs inflated roughly 6-fold; but college tuition and fees inflation approached 10-fold. Another way to say this is that whereas medical costs inflated at twice the rate of cost-of-living, college tuition and fees inflated at four times the rate of cost-of-living inflation.
At Georgia State, athletic fees totaled $17.6 million in 2014, from a student population in which nearly 60 percent qualify for Pell Grants, the federal aid program for low-income students. The university contributed another $3 million in direct support to its sports programs.
In 2009, Rasmussen College began working with the Academy for Urban School Leadership (AUSL) by providing dual-enrollment opportunities at no cost to students from five Chicago Public Schools (CPS) high schools. To date, more than 1,199 high school students have taken dual-credit courses through the Rasmussen College-AUSL partnership.