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How many students are received any financial aid at St Olaf College?

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For the academic year 2022-2023, total 751 full-time, first-time students (99% 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 2,926 students (98% of all students) received grants or scholarships and the average grant amount is $38,296. In addition, 1,353 students received student loans and the average loan amount is $6,107.

Below tables show the number and amount by source of financial aid at St Olaf College.
All Undergraduate Student Financial Aid at St Olaf College
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid2,92698%$38,296
Pell Grants59820%$4,946
Federal Student Loans1,35345%$6,107
Beginning Students (Freshmen) Financial Aid at St Olaf College
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid75199%-
Grants or Scholarship from All Sources75199%$40,399
Federal Grants16722%$6,735
Pell Grants16722%$5,923
Other Federal Grants527%$2,610
State/Local Grants11715%$6,169
Institutional Grants75199%$37,940
Student Loans34546%$6,527
Federal Student Loans32443%$5,005
Other Student Loans567%$11,257
see more grants, scholarship, student loans, and other financial aid stats

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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