About

Borrowers

Learn about Borrowers for Minnesota Higher Education Facilities Authority, including Augsburg University, Bethel University, and Carleton College.

Augsburg University

Augsburg University offers more than 50 undergraduate majors and 11 graduate degrees to nearly 3,400 students of diverse backgrounds at its campus in the vibrant center of the Twin Cities and a location in Rochester. Augsburg educates students to be informed citizens, thoughtful stewards, critical thinkers, and responsible leaders. An Augsburg education is defined by excellence in the liberal arts and professional studies, guided by the faith and values of the Lutheran church, and shaped by its urban and global settings.

2015 Augsburg College Financial Statement

2016 Augsburg College Financial Statement

2017 Augsburg College Financial Statement

2018 Augsburg University Financial Statement

2019 Augsburg University Financial Statement

2020 Augsburg University Financial Statement

2018 Augsburg University Form 990 available in the Documents Section

Bethel University

Bethel University is a leader in Christ-centered higher education with about 4,500 students from 47 states and 22 countries enrolled in undergraduate, graduate, seminary, and adult undergraduate programs. Based in St. Paul, Minnesota, Bethel offers bachelor’s and advanced degrees in more than 100 fields through classroom-based and online programs. The university equips graduates for excellence in leadership, scholarship, and service as they strive to live out biblical truth.

2015 Bethel University Financial Statement

2016 Bethel University Financial Statement

2017 Bethel University Financial Statement

2018 Bethel University Financial Statement

2019 Bethel University Financial Statement

2018 Bethel University Form 990 available in the Documents Section

Carleton College

Founded in 1866, Carleton College is a private, coeducational liberal arts college of 2,000 students located in the historic river town of Northfield, Minnesota. Nationally recognized as the nation’s top college for undergraduate teaching, Carleton is known for its academic rigor, intellectual curiosity, and sense of humor. Carleton offers 33 majors and 37 minors in the arts, humanities, natural sciences, mathematics, and social sciences.

2015 Carleton College Financial Statement

2016 Carleton College Financial Statement

2017 Carleton College Financial Statement

2018 Carleton College Financial Statement

2019 Carleton College Financial Statement

2018 Carleton College Form 990 available in the Documents Section

College of Saint Benedict

The mission of the College of Saint Benedict is to provide for women the best residential liberal arts education in the Catholic and Benedictine traditions. The College fosters integrated learning, exceptional leadership for change and wisdom for a lifetime. CSB is one of the top 100 liberal arts colleges in the country and ranked number one among liberal arts colleges for operating efficiency, as cited by U.S. News & World Report. We are a top-40 Fulbright producing school and the only Catholic, Benedictine college for women in the country.

2015 College of Saint Benedict Financial Statement

2016 College of Saint Benedict Financial Statement

2017 College of Saint Benedict Financial Statement

2018 College of Saint Benedict Financial Statement

2019 College of Saint Benedict Financial Statement

2017 College of Saint Benedict Form 990 available in the Documents Section

College of St. Scholastica

The College of St. Scholastica is a 108-year-old private, independent college in Catholic Benedictine tradition. Its main campus is in Duluth, with sites around Minnesota and with online learners throughout the world. St. Scholastica is nationally recognized for quality and value. It has been named the top Minnesota college for economic mobility, and U.S. News & World Report includes it on its Best National Universities and Top Performers on Social Mobility lists. The College is ranked on Money magazine's “Best Colleges for your Money” list, Princeton Review’s 2020 list of Best Midwestern Colleges, and Forbes’ Top Colleges list. The Center for First-Generation Student Success has named St. Scholastica one of the top 80 colleges in the country for commitment to first-generation students.

Learn more at css.edu.

2016 College of St. Scholastica Financial Statement

2017 College of St. Scholastica Financial Statement

2018 College of St. Scholastica Financial Statement

2019 College of St. Scholastica Financial Statement

2018 College of St. Scholastica Form 990 available in the Documents Section

Concordia College (Moorhead)

Concordia College in Moorhead, Minn., is a private, four-year liberal arts college of the Evangelical Lutheran Church in America that offers more than 120 areas of study, including 18 honors majors and 12 preprofessional programs. Top majors include business, biology, education, nursing, and psychology. The Offutt School of Business blends globally immersive business education with a liberal arts curriculum that emphasizes ethical leadership and entrepreneurship. Concordia is a community of more than 2,000 students from 27 states and 34 countries representing 37 religions and thought traditions. Our integrative learning (PEAK) opportunities take students beyond the classroom and prepare them to be ready for anything. Some PEAK options include student leadership roles, nontraditional semester-long courses, internships, global learning opportunities, or intensive weeklong experiences.

Concordia’s world class music program features 19 performance ensembles, some of which tour nationally and globally. The Emmy-winning Concordia Christmas concerts are broadcast nationwide on radio and television stations. Varsity athletic programs in 22 men’s and women’s sports have produced an NCAA Woman of the Year finalist, an NCAA Award of Valor honoree, and 10+ NCAA Postgraduate Scholars.

2016 Concordia College (Moorhead) Financial Statement

2017 Concordia College (Moorhead) Financial Statement

2018 Concordia College (Moorhead) Financial Statement

2019 Concordia College (Moorhead) Financial Statement

2018 Concordia College (Moorhead) Form 990 available in the Documents Section

Concordia University, St. Paul

Founded in 1893, Concordia University, St. Paul is a comprehensive liberal arts university that delivers academic programs designed to respond to marketplace needs by teaching relevant skills and abilities that employers seek. One of the most diverse campuses in Minnesota, our student body consists of over 5,000 undergraduate, graduate and online students representing 49 states and over 20 different countries.

2018 Concordia University, St. Paul Form 990 available in the Documents Section

Dunwoody College of Technology

Founded in 1914, Dunwoody College of Technology is the only private, not-for-profit technical college in the Upper Midwest.

Having provided hands-on, applied technical education to more than 250,000 men and women, Dunwoody is the college for experimenters and makers, a place where the curious and the confident learn by doing.

Located in Minneapolis, Dunwoody offers a unique campus experience in dedicated labs, studios, and shops that treats students like future professionals from day one. With certificates, associate’s, and bachelor’s degrees in more than 45 majors – including engineering, robotics, design and other STEM-related fields – Dunwoody challenges students to come determined and graduate destined.

2020 Dunwoody College of Technology Financial Statement

2018 Dunwoody College of Technology Form 990 available in the Documents Section

Gustavus Adolphus College

Hamline University

As Minnesota’s first university, Hamline has welcomed students of all backgrounds since 1854. In 2019, 45% of Hamline’s incoming class were students of color, and 46% were the first in their families to attend college. Committed to inclusion and social change, Hamline students take the lead both on campus and in the wider community. Hamline undergraduate students have opportunities to participate in research projects with faculty, and each of these students leaves Hamline with an internship, service-learning experience, teaching apprenticeship, or collaborative research project on their résumé.

With more than 50 areas of study in innovative areas such as forensic science and computational data science, as well as an online bachelor's degree completion program, undergraduate students gain a well-rounded liberal arts education that prepares them for rewarding careers. Graduate students can take advantage of highly sought-after master's degrees in areas such as business analytics, as well as one-of-a-kind master's programs with national reputations, including the Master of Fine Arts in Writing for Children and Young Adults. At Hamline, all students get a highly relevant, affordable education.

2015 Hamline University Financial Statement

2016 Hamline University Financial Statement

2017 Hamline University Financial Statement

2018 Hamline University Financial Statement

2019 Hamline University Financial Statement

2017 Hamline University Form 990 available in the Documents Section

Macalester College

Macalester College is a small, liberal arts college that combines a close-knit, welcoming community with the benefits of being in the Minneapolis/St Paul metro area. Macalester students come from every state and 98 countries for an academic program ranked among the top 20 in the nation. Our philosophy of global citizenship and collaborative learning prepares students to have an outsized impact on the world.

2015 Macalester College Financial Statement

2016 Macalester College Financial Statement

2017 Macalester College Financial Statement

2018 Macalester College Financial Statement

2019 Macalester College Financial Statement

2018 Macalester College Form 990 available in the Documents Section

Minneapolis College of Art & Design

Recognized nationally and internationally for its innovative and interdisciplinary approaches to visual arts education, the Minneapolis College of Art and Design (MCAD) is home to more than 800 students and offers bachelor’s degrees, master’s degrees, and continuing education classes for all ages.

Founded in 1886, MCAD was one of the first colleges to offer the BFA degree. The college has earned the highest accreditation possible and its four-year graduation rate is among the highest of all Midwestern visual arts colleges. College facilities contain the latest in technology with multiple studios and labs open 24/7.

2015 Minneapolis College of Art and Design Financial Statement

2016 Minneapolis College of Art and Design Financial Statement

2017 Minneapolis College of Art and Design Financial Statement

2018 Minneapolis College of Art and Design Financial Statement

2019 Minneapolis College of Art and Design Financial Statement

2018 Minneapolis College of Art and Design Form 990 available in the Documents Section

Mitchell Hamline School of Law

With roots dating to 1900, Mitchell Hamline School of Law, in St. Paul, Minnesota, was established in December 2015 through the combination of William Mitchell College of Law and Hamline University School of Law. It is the largest law school in the region, with approximately 1,200 students and 40 full-time faculty. It has nationally ranked offerings in alternative dispute resolution, health law, clinical education, and part-time programs; an array of certificate and dual-degree programs; and an alumni network of more than 20,000. Mitchell Hamline is an independent law school that enjoys an enduring relationship with Hamline University, allowing students to earn dual degrees and have access to Hamline’s athletic facilities, library, and cultural programs.

Mitchell Hamline offers a rigorous, practice-based experience, preparing graduates to serve clients and communities. The school gives motivated students the opportunity to study full time or part time, on-campus or partially online, in the way that fits their lives.

2016 Mitchell Hamline School of Law Financial Statement

2017 Mitchell Hamline School of Law Financial Statement

2018 Mitchell Hamline School of Law Financial Statement

2019 Mitchell Hamline School of Law Financial Statement

2018 Mitchell Hamline School of Law Form 990 available in the Documents Section

Northwestern Health Sciences University

For more than 75 years, Northwestern Health Sciences University, based in Bloomington, Minnesota, has provided world-class professional education and research as well as comprehensive health and wellness services. Its more than 130 faculty members annually teach about 6,500 students pursuing degrees and continuing education in accredited programs in acupuncture and Chinese medicine, chiropractic, massage therapy, medical assisting, medical laboratory technology, medical laboratory science, radiation therapy, radiologic technology, undergraduate health sciences and post-baccalaureate pre-health . Northwestern Health Sciences University prepares the next generation of healthcare professionals to not only deliver, but also advance health care. The university has more than 7,500 graduates throughout the U.S. and in 21 countries.

Learn more at nwhealth.edu.

2018 Northwestern Health Sciences University Form 990 available in the Documents Section

Saint John's University

The College of Saint Benedict (for women) and Saint John's University (for men) are nationally recognized liberal arts colleges distinguished by a singular, undergraduate experience. This partnership gives students the opportunities of a large university while retaining the close personal attention of a premier liberal arts college. The colleges are committed to global learning and connection — a commitment that extends to experiences inside and outside of the classroom. All students complete at least one experiential learning activity such as undergraduate research, internships, study abroad or community service. The campuses are located on 3,300 acres of woods, lakes and prairie — providing students with unique opportunities for education and recreation. Through a four-year residential program, nearly all students live on campus.

2015 Saint John's University Financial Statement

2016 Saint John's University Financial Statement

2017 Saint John's University Financial Statement

2018 Saint John's University Financial Statement

2019 Saint John's University Financial Statement

2018 Saint John's University Form 990 available in the Documents Section

Saint Mary's University of Minnesota

Saint Mary’s University of Minnesota awakens, nurtures, and empowers learners to ethical lives of leadership and service. At Saint Mary’s, students find in every classroom — whether in person or online — a relationship-driven, person-centered education. Through intense inquiry, students discover the truths in the world and the character within. Founded in 1912 and accredited by the Higher Learning Commission, Saint Mary’s University of Minnesota enrolls 5,600 students at its residential undergraduate college in Winona and its Schools of Graduate and Professional Programs, based in Minneapolis but extending worldwide. Saint Mary’s offers respected and affordable programs in a variety of areas leading to bachelor's, bachelor's completion, master's, certificate, specialist, and doctoral degrees.

Learn more at smumn.edu.

2015 St. Mary's University of Minnesota Financial Statement

2016 St. Mary's University of Minnesota Financial Statement

2017 St. Mary's University of Minnesota Financial Statement

2018 St. Mary's University of Minnesota Financial Statement

2019 St. Mary's University of Minnesota Financial Statement

2018 St. Mary's University of Minnesota Form 990 available in the Documents Section

St. Catherine University

St. Catherine University (St. Kate’s) is a dynamic university educating women to lead and influence. As the nation’s largest private women’s university, we prepare students to be effective leaders in their profession, communities, and the world. The University is home to nearly 5,000 students in associate, bachelor’s, master’s, doctorate, and certificate programs that emphasize academic rigor and social justice.

Learn more at stkate.edu.

2016 St. Catherine University Financial Statement

2017 St. Catherine University Financial Statement

2018 St. Catherine University Financial Statement

2019 St. Catherine University Financial Statement

2018 St. Catherine University Form 990 available in the Documents Section

St. Olaf College

St. Olaf College’s 3,000 students come from 90 countries, every state, and a variety of religious and non-religious backgrounds. One of the nation’s leading liberal arts colleges, St. Olaf offers more than 85 majors, concentrations, and pre-professional tracks, and more than 95 percent of students live on campus or in college-owned houses nearby.

St. Olaf’s beautiful 300-acre campus is located in Northfield, Minnesota. The college is home to 16 academic and administrative buildings, 30 student residences, and 10 athletic facilities. Situated on a hilltop, the campus overlooks 325 acres of college-owned wetlands, woodlands, and prairie. The college’s wind turbine rises above 40 acres of solar panels, enabling St. Olaf to achieve 100 percent carbon-free electrical power.

2015 St. Olaf College Financial Statement

2016 St. Olaf College Financial Statement

2017 St. Olaf College Financial Statement

2018 St. Olaf College Financial Statement

2019 St. Olaf College Financial Statement

2020 St. Olaf College Financial Statement

2018 St. Olaf College Form 990 available in the Documents Section

University of St. Thomas

Inspired by Catholic intellectual tradition, St. Thomas educates students to be morally responsible leaders who think critically, act wisely, and work skillfully to advance the common good. As a community, we are committed to our convictions: the pursuit of truth, academic excellence, faith and reason, dignity, diversity, personal attention and gratitude. St. Thomas is the largest private university in Minnesota, with more than 10,000 undergraduate and graduate students, and 110,000+ alumni. Eight schools and colleges offer 150+ undergraduate majors and minors, and 55+ graduate degree programs.

2015 University of St. Thomas Financial Statement

2016 University of St. Thomas Financial Statement

2017 University of St. Thomas Financial Statement

2018 University of St. Thomas Financial Statement

2019 University of St. Thomas Financial Statement

2018 University of St. Thomas Form 990 available in the Documents Section