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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 ...
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The school was founded in 1900 as the Rasmussen School of Business by Walter Rasmussen in Saint Paul, Minnesota.[1] Rasmussen believed that the need for skilled professionals by the local business community was not being met.[2] This belief led to the development of the school’s vision, which was: 1.
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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.
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