Rahel Theodros is a full-time college student from Columbia Heights studying business marketing education at the University of Minnesota. In addition to her studies, Rahel works 15-20 hours per week as a waitress and is heavily involved in volunteeringand numerous campus activities.
Rahel has a younger sister and an older brother who are also attending college right now. She is one of nearly 100,000 Minnesota students who rely on the Minnesota State Grant program to pay for college.
In addition to the State Grant funding she receives, Rahel has also had to take out $5,000 to $6,000 in student loans each year. She anticipates that she will graduate with more than $20,000 in student debt. “Without the Minnesota State Grant Program,” she said, “I would not have been able to afford tuition.”
Under Governor Dayton’s budget proposal, Rahel’s State Grant award would increase by an estimated $1,200.
Helping Thousands of Students Like Rahel
State financial assistance has not kept pace with rising tuition and other increased costs of higher education. Over the last decade, tuition and fees have increased by three times the rate of inflation. Meanwhile, Minnesota students are taking out loans at one of the highest rates in the nation, with the average graduate leaving school with $29,800 in student debt.