Registered Nursing, Nursing Administration, Nursing Research and Clinical Nursing at Rasmussen University-Minnesota

This nursing program delivers solid financial outcomes with exceptionally low debt, making it a smart choice for students seeking affordable entry into healthcare. With median debt of just $30,500—well below both the national average ($20,751) and Minnesota average ($27,655) for nursing programs—graduates face manageable loan payments while earning $68,119 in their first year, which places them in the 60th percentile among Minnesota nursing programs.

The debt-to-earnings ratio of 0.45 is quite favorable, meaning graduates earn more than twice their total debt in their first year alone. While earnings don't grow from year 1 to year 4 (staying flat around $68,000), this reflects the reality that many associate degree nurses reach their earning potential quickly rather than experiencing dramatic salary growth. The program performs slightly below the national median but above Minnesota's state median, suggesting it's a competitive option within the state market.

The main concern is the lack of earnings growth over time, which could limit long-term financial advancement compared to programs that show upward trajectory. However, with 51% of students receiving Pell grants, this program clearly serves students who need affordable pathways to stable middle-class careers. For families prioritizing low debt and quick entry into a stable profession, this represents excellent value—just don't expect significant salary increases without additional education or specialization.