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Yearly Budgets


 

The Minnesota Office of Higher Education (OHE) operates with a total Fiscal Year 2021 budget of $353 million. Of this:

  • 76 percent comes from state appropriations;
  • 18 percent comes from SELF Loan funds; and
  • 6 percent comes from federal, special revenue and miscellaneous funds.

Of the $269 million state general fund expenditures (76% of the budget), 96.8 percent flows through the OHE and directly into grants to students and institutions.

Audits of Agency Financial Statements

Audits of Federal Aid Awards