Musicians Institute vs. Minnesota School of Business-Richfield

Musicians Institute vs. Minnesota School of Business Richfield comparison

	Musicians Institute	Minnesota School of Business Richfield	College 3	College 4
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Overview	Musicians Institute	Minnesota School of Business-Richfield
Location	Hollywood, CA	Richfield, MN
Setting	Large City	Large Suburban
Enrollment	864	581
Type	Private 4 Year	Private 4 Year
National Ranking
Religious Affiliation	-	-	-	-
Status	For-profit	For-profit
Website	mi.edu	msbcollege.edu
Team Colors

Costs	Musicians Institute	Minnesota School of Business-Richfield
Tuition (In State)	$24,525	$14,040
Tuition (Out of State)	$24,525	$14,040
Room & Board	$12,438	$5,472
Avg Net Price	$36,976	$19,167
Avg Grant Aid	$4,265	$7,125
% Receiving Grant Aid	47%	98%

Admission	Musicians Institute	Minnesota School of Business-Richfield
Admission Chances	Calculate	Calculate
Applied	348	-
Admitted	273	-
Acceptance Rate	78.4%	Open
Enrolled %	42.5%	Open
Avg High School GPA	-	-
Typical High School Grades	-	-
Admissions Standards	Unavailable	Unavailable
Applicant Competition
ACT Range
SAT Range
Submit Test Scores	Not required for admission, but considered if submitted (Test Optional)	Not applicable
Application Deadline

Academics	Musicians Institute	Minnesota School of Business-Richfield
Student to Faculty Ratio	6:1	0:1
Popular Majors	Visual and Performing Arts (100%)	Business (44%) Health Professions (19%) Communications Technology (10%) Computer and Information Sciences (10%) Legal Professions (9%)
Outcomes	Musicians Institute	Minnesota School of Business-Richfield
Graduation Rate	67%	25%
Median Earnings (After 10 years)	$34,900	$35,300
Making Student Loan Payments	53%	42%
Median Student Loan Debt	N/A	$26,325
Median Loan Payment	N/A	$272

Diversity	Musicians Institute	Minnesota School of Business-Richfield
% Men	74%	0%
% Women	26%	0%
Racial Diversity	Very High	Low
HBCU	No	No
% White	26%	76%
% Black	8%	8%
% Hispanic	13%	5%
% Native American	1%	1%
% Pacific Islander	0%	1%
% Two or More Races	6%	0%
% International	35%	0%
% Unknown Race	6%	3%

Students	Musicians Institute	Minnesota School of Business-Richfield
% In-State	20%	-
% Out-of-State	27%	-
Campus	Musicians Institute	Minnesota School of Business-Richfield
Campus Housing	No	No
Freshman Dorm Required	No	No
Meal Plan	No	No
Weekend/Evening Classes	Yes	Yes
Daycare Facility	No	No
Learn More	Details	Details

Comparable Facts

• Musicians Institute is larger than than Minnesota School of Business-Richfield based on total student enrollment (864 students vs. 581 students)

Musicians Institute vs. Minnesota School of Business-Richfield Cost Comparison

Which college is more expensive, Musicians Institute or Minnesota School of Business-Richfield?

• Musicians Institute is 74.7% more expensive to attend than Minnesota School of Business-Richfield for in-state tuition ($24,525.00 vs. $14,040.00)
• Out of state tuition is 74.7% higher at Musicians Institute than Minnesota School of Business Richfield ($24,525.00 vs. $14,040.00)
• The typical actual cost that students pay to attend (average net price) is less at Minnesota School of Business Richfield than Musicians Institute ($19,167 vs. $36,976)
• Living costs (room and board or off-campus housing budget) at Minnesota School of Business Richfield are 127.3% lower than costs at Musicians Institute ($5,472 vs. $12,438)
• More students receive financial grant aid at Minnesota School of Business Richfield than Musicians Institute (98% vs. 47%)
• The average total grant financial aid received by Minnesota School of Business Richfield students is 67.1% larger than aid received Musicians Institute ($7,125 vs. $4,265)

Which college is harder to get into, Musicians Institute or Minnesota School of Business-Richfield? Average SAT and ACT scores plus acceptance rates offer good insight into the difficulty of admission between Minnesota School of Business-Richfield or Musicians Institute .

Musicians Institute vs. Minnesota School of Business-Richfield Graduation Outcomes Comparison

Which is better, Musicians Institute or Minnesota School of Business-Richfield? Graduation rate, salary and amount of student loan debt are indicators of a college which offers better outcomes for its graduates. Compare the following outcomes facts between Minnesota School of Business-Richfield and Musicians Institute.

• The graduation rate at Musicians Institute is higher than Minnesota School of Business Richfield (67% vs. 25%)
• Graduates from Minnesota School of Business Richfield earn on average $400 more per year than Musicians Institute graduates after ten years. ($35,300 vs. $34,900)
• More Musicians Institute graduates are actively paying back their federal student loan debt than former Minnesota School of Business-Richfield students, three years after graduation. (53% vs. 42%)

Sources: U.S. Department of Education https://nces.ed.gov IPEDS and College Scorecard https://collegescorecard.ed.gov/