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Rasmussen University is a private, for-profit institution with multiple locations throughout the United States. Founded by Walter Rasmussen in 1900, the university was meant to address a market need for the growing business class.

Overview of Rasmussen University (RU)

Today, students can take advantage of the school’s various academic opportunities online or at one of 23 different campuses.

While program availability varies by state and campus, Rasmussen University offers classes in the many following locations.

  • Orlando, Florida
  • Odessa, Florida
  • Brandon, Florida
  • Land O’ Lakes, Florida
  • Ocala, Florida
  • Fort Myers, Florida
  • Overland Park, Kansas
  • Topeka, Kansas
  • Aurora, Illinois
  • Rockford, Illinois
  • Mokena, Illinois
  • Romeoville, Illinois
  • Blaine, Minnesota
  • Bloomington, Minnesota
  • Brooklyn Park, Minnesota
  • Eagan, Minnesota
  • Lake Elmo / Woodbury, Minnesota
  • Mankato, Minnesota
  • St. Cloud, Minnesota
  • Fargo, North Dakota
  • Wausau, Wisconsin
  • Green bay, Wisconsin

Rasmussen University is dedicated to global enrichment, as well as meeting the evolving needs of diverse communities. As a pioneer of career-focused education, the institution places emphasis on innovative programs, dynamic curriculum, and general education skills. It strives to empower students, faculty, and staff to exceed the expectations of society through academic excellence, community enrichment, and service to the public good.

There are approximately 16,000 students enrolled at Rasmussen University, with the largest percentage located in Florida. The majority of students are enrolled in associate and bachelor’s degrees. Total full-time faculty employment is about 322, with another 1,646 providing instructional support part time. None of the campuses have staff dedicated to research and public service and there are no graduate assistant positions available. The student-to-faculty ratio also varies by location; it is lowest in Florida (10:1) and highest in Kansas and Minnesota (18:1).

General Information

School Type Private for-profit
Campus Setting City: Small
Campus Housing No
Student Faculty Ratio 10:1
Graduation Rate 34%
Year Founded 1900

Student Enrollment

Total Students8,469


Undergraduate Student

Male 1,167
Female 7,167

Graduate Student

Male 19
Female 116

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Rasmussen University Acceptance Rate and Admissions


Male NA
Female NA


Male NA
Female NA

Acceptance RateNA

Male NA
Female NA

Enrollment NA

Male NA
Female NA
Application Fee NA
High School GPA NA
High School Rank NA
High School Transcripts NA
College Prep Courses NA
Recommendations NA
TOEFL (Test of English as a Foreign Language) NA
Application Deadline Rolling
Common Application Accepted No

RU Tuition Cost & Financial Aid

Tuition rates at Rasmussen University vary based on the area of study selected, as well as enrollment status and degree level. Students are charged per credit hour, with those taking classes part time sometimes paying slightly more. The cost per credit hour ranges from $155 to $865. Notably, active-duty military members receive a reduced tuition pricing of $167 per credit hour.

Students are also responsible for paying for housing and meals. Rasmussen University does not offer room and board, so students are responsible for finding their own accommodations off campus. Additional expenses often include books, supplies, transportation, parking, and personal needs.

Rasmussen University does work with students to make the cost of college more manageable. The institution provides all incoming students with admission advisors who walk them through every step of the process. This includes assistance with the Free Application for Federal Student Aid (FAFSA), which is used to determine eligibility for financial assistance. Advisors also provide guidance regarding other affordability options.

Financial aid is available for new and continuing students in the form of grants, scholarships, loans, and employment opportunities. Most available grants are awarded based on need, but the institution does offer several scholarships meant to minimize student loan debt and make college even more affordable. Those interested in receiving federal direct loans will need to complete loan entrance counseling and a Master Promissory Note (MPN).

As of the 2020-2021 academic year, between 96% and 100% of beginning undergraduate students enrolled at the various Rasmussen University locations received some form of financial aid. While the majority of assistance came in the form of scholarships and grants, many students still required student loans to attend. In fact, 100% of those enrolled in Wisconsin and Kansas received some amount in loans.

Average net price 2020-2021
Net Price $17,820
Average Total Aid $6,619
Students Receiving Financial Aid 97%
Room & Board $8,721

Sticker Price

  • Tuition In-State - $11,707
  • Tuition Out-of-State - $11,707
  • Books and Supplies - $69
  • Room & Board - $8,721
  • Other - $4,878


Rasmussen University offers certificates and diplomas, as well as associate’s, bachelor’s, master’s, and doctoral degrees in over 60 career-enriching programs. All majors focus learning on high-demand skillsets that potential employers often prefer when hiring.

Students can pursue educational opportunities in any of the following seven areas of study.

  • Business
  • Design
  • Education
  • Health Sciences
  • Justice Studies
  • Nursing
  • Technology

The institution is also a leader in online, affordable education. Rasmussen University believes in providing students the opportunity to balance work, life, and school. As a result, the school is dedicated to helping those enrolled find appropriate online programs that fit their schedules, as well as preparing them to pursue their career goals with confidence. There are over 50 fully online degree programs available, including certificates and diplomas. Notably, no doctoral degrees are offered in this format.

According to the National Center for Education Statistics (NCES), Minnesota locations have the best retention rates for first-time students pursuing bachelor’s degrees part time. Based on the data provided, 100% of those who began their studies in fall 2020 were pleased enough with their experience to return in fall 2021. Retention rates for many other states are not available, however.

Graduation rates vary significantly by location. This data is significant, as it indicates the number of students who successfully earned their degrees or certificates within 150% of the standard completion time. In Illinois, the overall graduation rate for full-time, first-time degree or certificate-seeking students who began their studies in fall 2015 was 60%. Stats for other states are much lower, however. The graduation rate reported for Florida and Minnesota was in the low 30s, while North Dakota campuses achieved a rate of only 15%.

Rasmussen University is accredited by the Higher Learning Commission, an institutional accreditation agency recognized by the United States Department of Education and the Council for Higher Education Accreditation. The university also maintains many programmatic, specialized, and professional accreditations awarded for specific programs or areas of study. Additionally, Rasmussen University possesses state authorization and licensing in compliance with state higher education regulations.

Student Population Total

Student Population 8,469

Evening Classes : Yes
Online Learning : Yes

Most Popular Programs & Majors

(# of Diplomas Awarded by Subject)

Health Professions and Related Programs 506 Total Graduates / 40%
Registered Nursing/Registered Nurse 354 Graduates
Health/Health Care Administration/Management 108 Graduates
Community Health and Preventive Medicine 30 Graduates
Health Information/Medical Records Administration/Administrator 14 Graduates
All Business Majors 333 Total Graduates / 26%
Business Administration and Management, General 111 Graduates
Human Resources Management/Personnel Administration, General 89 Graduates
Accounting 72 Graduates
Marketing/Marketing Management, General 31 Graduates
All Education Majors 224 Total Graduates / 18%
Educational Leadership and Administration, General 224 Graduates
All Computer Information Sciences Majors 91 Total Graduates / 7%
Computer and Information Systems Security/Auditing/Information Assurance 37 Graduates
Computer Science 24 Graduates
Network and System Administration/Administrator 21 Graduates
Information Science/Studies 9 Graduates
Public Administration and Social Service Professions 75 Total Graduates / 6%
Human Services, General 75 Graduates
All Other Diplomas 4%

Outcome & Salary

Outcome measurements for the Rasmussen University campus locations vary, but few demonstrate exceptional results. This is particularly true for full-time, first-time, degree-seeking, undergraduate students. Wisconsin had the best statistics, with 13% of these students receiving certificates and 16% successfully earning associate’ degrees. Only 1% of students were awarded bachelor’s degrees, however. Kansas had the highest achievement rates for bachelor’s degrees, with 7% of full-time, first-time students earning them.

Graduates Salary
College Grads Early Career Salary NA
College Grads Average Salary $55,000
College Grads Mid Career Salary NA
Return on Investment (ROI)
10 Year Salary Earnings Potential $550,000
20 Year Salary Earnings Potential NA
Cost of Education (Net Price) 4 Year $71,280
10 Year Projected ROI $478,720
20 Year Projected ROI NA
No College Education Salary Comparison
National Average Salary $38,792
10 Year Projected Income $387,920
20 Year Projected Income $775,840

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