For the academic year 2022-2023, total 547 full-time, first-time students (91% of all freshmen) awarded any student financial aid. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students.
For all undergraduate students, total 1,917 students (85% of all students) received grants or scholarships and the average grant amount is $39,942. In addition, 924 students received student loans and the average loan amount is $5,828.
Below tables show the number and amount by source of financial aid at Macalester College.
For all undergraduate students, total 1,917 students (85% of all students) received grants or scholarships and the average grant amount is $39,942. In addition, 924 students received student loans and the average loan amount is $5,828.
Below tables show the number and amount by source of financial aid at Macalester College.
Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
---|---|---|---|
Federal, state, local, institutional or other grant aid | 1,917 | 85% | $39,942 |
Pell Grants | 412 | 18% | $4,906 |
Federal Student Loans | 924 | 41% | $5,828 |
Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
---|---|---|---|
Any Student Financial Aid | 547 | 91% | - |
Grants or Scholarship from All Sources | 533 | 89% | $40,262 |
Federal Grants | 93 | 15% | $5,737 |
Pell Grants | 93 | 15% | $4,850 |
Other Federal Grants | 37 | 6% | $2,229 |
State/Local Grants | 31 | 5% | $5,885 |
Institutional Grants | 533 | 89% | $38,919 |
Student Loans | 285 | 47% | $6,714 |
Federal Student Loans | 253 | 42% | $5,042 |
Other Student Loans | 91 | 15% | $7,009 |
What is the Financial aid?
Federal Work Study, grants, loans to students (government and/or private), assistantships, scholarships, fellowships, tuition waivers, tuition discounts, employer aid (tuition reimbursement) and other monies (other than from relatives/friends) provided to students to meet expenses. This excludes loans to parents.
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