Carleton College: Student Financial Services: Aid Awarded to 2009-2010 New Students

Aid Awarded to 2009-2010 New Students

2009-10 Financial Aid Awarded to First-Year Students With Demonstrated Need

PARENT INCOME		NUMBER OF APPLICANTS/AWARDED	GIFT AID			SELF-HELP AID			AVERAGE TOTAL AWARD
Low	High	NUMBER OF APPLICANTS/AWARDED	Carleton $	Outside Aid	Total	Student Loans	Work-study	Total	AVERAGE TOTAL AWARD
$ -	19,999	21/21	$36,893	$10,662	$47,555	$786	$2,108	$2,894	$50,449
20,000	39,999	26/25	38,771	8,271	47,042	560	2,185	2,735	49,777
40,000	59,999	38/38	34,457	4,883	39,340	2,060	2,166	4,226	43,566
60,000	79,999	41/40	34,352	1,273	35,625	3,160	2.225	5,385	41,010
80,000	99,999	26/25	26,993	970	27,961	3,520	2,225	5,745	33,706
100,000	119,999	24/24	21,790	275	22,065	3,729	2,225	5,954	28,019
120,000	139,999	27/27	20,688	19	20,707	4,463	2,225	6,688	27,395
140,000	159,999	22/21	19,624	367	19,991	3,548	2,225	5,773	25,764
160,000	179,999	31/27	16,124	186	16,310	3,870	2,225	6,095	22,405
180,000	199,999	11/8	12,390	313	12,703	3,875	2,225	6,100	18,803
200,000+		43/27	12,792	260	13,052	3,519	2,143	5,661	18,713

Notes:
1. The table reflects averages by parent adjusted gross income (AGI).
2. Outside Aid includes Pell Grants, Minnesota State Grants, private scholarships, and other federal and state sources.
3. Student loans reported include only need based loans. Actual values can be lower than awarded values due to Carleton’s outside aid policy, which is to use outside private scholarships to reduce the loan component of the financial aid award first. Some students also refuse their loans which will lower the average. Typical loans awarded for first-year students are $3,500 to $4,500 for need-based loans. In addition, students below $75,000 family income are awarded a Carleton Access Scholarship which reduces loan.
4. The size of an award is greatly affected by family size, number in college, family assets, student assets, and other considerations.