Rasmussen College is a private for-profit college with its headquarters in Bloomington, Minnesota and multiple locations throughout the United States. It offers associate and bachelor's degrees at 22 campuses in Minnesota, Illinois, North Dakota, Florida, Wisconsin, Kansas and offers many programs fully online. Founded in 1900, it was sold to a private organization in 2018.
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Rasmussen offers on-campus and online classes leading to Bachelor of Science (BS), Associate of Applied Science (AAS), and Associate of Science (AS) degrees in career-focused areas. It also offers a variety of certificates and diplomas.
Walter Rasmussen founded the school in 1900 as the Rasmussen Practical School of Business, in Stillwater, Minnesota. Rasmussen believed the need for skilled professionals by the local business community was not being met. With the advent of women's suffrage in 1920 through the Nineteenth Amendment, the school’s female enrollment began to increase. 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. By 1950, more than 22,400 students had graduated from the school. 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).
Rasmussen opened an online campus in 2002. The school acquired Aakers College in North Dakota and Webster College in Florida and merged the schools into Rasmussen's operations. Presently, the school has more than 100,000 graduates.
The College Scorecard, reports that Rasmussen College 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.
- "Search". College Scorcard. US Department of Education. Retrieved 17 June 2019.
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- "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. pp. 693–712. Archived from the original (PDF) on 29 July 2012. Retrieved 9 August 2012.
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- "Statement of Accreditation Status". Higher Learning Commission. Higher Learning Commission. Retrieved 17 June 2019.
- Rasmussen College Announces New Online Division
- Aakers plans merger with parent college Associated Press, Bismarck Tribune, Monday, March 19, 2007
- wcco.com - Aakers College May Merge With Rasmussen
- Bismarck, ND News - Page 55| KXNet.com Dickinson North Dakota
- "School History And Background".
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- MN schools with regional accreditation
- Herbert, Matt; Hustad, Elizabeth (November 20, 2013). "For-profit colleges: Prospective students need to approach them with eyes wide open". MinnPost. Retrieved 1 February 2015.
- "College Scorecard". Rasmussen College. US Department of Education. Retrieved 17 June 2019.