Rasmussen University Explained

Rasmussen University
Established:1900
President:Paula Singer
Students:16,790[1]
Undergrad:Yes
City:Multiple campuses
Country:United States
Campus:Multiple
Colors:Green and gold
Mascot:"Rassy" the Moose

Rasmussen University is a private for-profit university with multiple locations throughout the United States. It offers associate, bachelor's, master's, and doctoral degrees as well as certificates and diplomas in career-focused areas at 20 campuses in Minnesota, Illinois, North Dakota, Florida, Wisconsin, and Kansas with many programs offered online.[2]

Presently, the school has more than 100,000 graduates.[3]

History

Walter Rasmussen founded the school in 1900 as the Rasmussen Practical School of Business, in Stillwater, Minnesota.[4] [5] Rasmussen believed the need for skilled professionals by the local business community was not being met.[6] [7] With the advent of women's suffrage in 1920 through the Nineteenth Amendment, the school's female enrollment began to increase.[8] In 1945 Walter Rasmussen retired and named Walter Nemitz to succeed him as director of the college. Nemitz had been with the college since 1934 and as director instituted a number of curriculum upgrades.[9] By 1950, more than 22,400 students had graduated from the school.[10] In 1961, Walter's sons Wilbur Nemitz and Robert Nemitz took ownership of the school.

In 1974, Rasmussen College acquired the St. Cloud Business College, and in 1979 acquired the Northern Technical School of Business.

In 1983, the school opened a campus in Mankato, Minnesota. More campuses were opened in Eagan, Minnesota (1989), St. Cloud, Minnesota (1997), Rockford, Illinois (2006), Lake Elmo, Minnesota; Eden Prairie, Minnesota; Blaine, Minnesota (2010), Topeka, Kansas (2013), Overland Park, Kansas (2013) and Green Bay, Wisconsin (2007), Mokena-Tinley Park, Illinois (2010) and Wausau, Wisconsin (2010).[11]

In 2001, Rasmussen College was accredited by the Higher Learning Commission.[12] Rasmussen opened an online campus in 2002.[13] The school acquired Aakers College in North Dakota[14] and Webster College in Florida and merged the schools into Rasmussen's operations.[15] [16]

In 2010, Rasmussen College announced a partnership with Market Motive Inc and announced programs in Internet marketing.[17] Rasmussen was sold to Renovus Capital in 2018.[18]

Rasmussen College became Rasmussen University in October, 2020.[19] That same month, American Public Education, Inc began the process of acquiring Rasmussen.[20]

Academics

The school offers 60+ programs[21] [22] (program availability varies by state and campus) and is organized into eight areas of study:[23]

Rasmussen University is accredited by the Higher Learning Commission (HLC).[24]

Student outcomes

According to a 2012 US Senate HELP investigation on for-profit colleges led by Tom Harkin, 63.2 percent of Rasmussen students withdrew, many after only five months of study.[25]

The College Scorecard,[26] reports that Rasmussen University has graduation rates ranging from 21 to 31 percent, typical salary after attending of $32,600 and a student loan repayment rate of 35 percent.

Notes and References

  1. Web site: Search . College Scorecard . US Department of Education . 13 January 2023.
  2. Web site: Degrees and Programs Online and On Campus.
  3. Web site: School History And Background. 22 May 2021.
  4. Web site: For Profit Higher Education: The Failure to Safeguard the Federal Investment and Ensure Student Success. U.S. Senate Committee on Health, Education, Labor, and Pensions. 9 August 2012. http://www.help.senate.gov/hearings/hearing/?id=cdd6e130-5056-9502-5dd2-e4d005721cb2. 29 July 2012. 693–712.
  5. http://eab.state.wi.us/newsroom/newsletter/02winter-news.pdf
  6. http://www.edref.com/school_list/rasmussen-college Rasmussen College: from the EdRef college search directory
  7. http://www.rasmussen.edu/history/rasmussen-timeline.asp Rasmussen College – Business College
  8. http://www.rasmussen.edu/history/ Rasmussen College – Business College
  9. Web site: Rasmussen College History: 1950s-1960s. Rasmussen College.
  10. Web site: 1950s-1960s Rasmussen History.
  11. http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20070625/GPG03/70625114/1247 Green Bay Press-Gazette - The article requested can not be found! Please refresh your browser or go back. (U0,20070625,GPG03,70625114,AR)
  12. Web site: Statement of Accreditation Status . Higher Learning Commission . 17 June 2019.
  13. http://www.convergemag.com/story.php?catid=239&storyid=93370 Rasmussen College Announces New Online Division
  14. http://www.bismarcktribune.com/business/article_9cb6a5af-58c3-5124-a273-cdb720ae7ce1.html Aakers plans merger with parent college
  15. http://wcco.com/topstories/local_story_078145432.html wcco.com - Aakers College May Merge With Rasmussen
  16. http://www.kxma.com/getTopic.asp?TopicId=3&Page=55 Bismarck, ND News - Page 55| KXNet.com Dickinson North Dakota
  17. http://www.greenbaypressgazette.com/article/20101104/GPG03/11040588/Rasmussen-boosts-Internet-marketing-program
  18. Web site: Guy . Edu . Private Equity investing in Education companies conference discount code . www.marketdrivenedu.com . 5 April 2020.
  19. Web site: Rasmussen University Transition Rasmussen University. 2021-03-01. Rasmussen University Transition Rasmussen University. en.
  20. Web site: Seltzer . Rick . American Public Education Acquires Rasmussen . Inside Higher Education.
  21. Web site: RasStateFair30. https://web.archive.org/web/20120825001543/http://www.youtube.com/watch?v=O1DIWdkYmAc&gl=US&hl=en . 2012-08-25 . dead. Kare11.
  22. Web site: Earn Your Business Management Bachelor's Degree and MBA Online in Five Years. Rasmussen College.
  23. Web site: Degree Programs. Rasmussen College.
  24. http://www.ncahlc.org/component/option,com_directory/Itemid,184/form_submitted,TRUE/institution,/lang,en/showquery,/state,MN/submit,Search/ MN schools with regional accreditation
  25. News: Herbert. Matt. Hustad. Elizabeth. For-profit colleges: Prospective students need to approach them with eyes wide open. 1 February 2015. MinnPost. November 20, 2013.
  26. Web site: College Scorecard . Rasmussen College . US Department of Education . 17 June 2019.

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