Aid Awarded to 2007-2008 New Students
2007-08 Financial Aid Awarded to First-Year Students With Demonstrated Need
| PARENT INCOME | NUMBER OF STUDENTS |
GIFT AID | SELF-HELP AID | AVERAGE TOTAL AWARD |
|||||
| Low | High | Carleton $ | Outside Aid | Total | Student Loans | Work-study | Total | ||
| $ - | 9,999 | 10 | $33,165 | $10,083 | $43,249 | $2,032 | $2,225 | $4,257 | $47,506 |
| 10,000 | 19,000 | 5 | 32,710 | 9,268 | 41,978 | 4,100 | 2,225 | 6,325 | 48,303 |
| 20,000 | 29,999 | 9 | 33,409 | 8,748 | 42,157 | 3,142 | 1,978 | 5,120 | 47,277 |
| 30,000 | 39,999 | 12 | 31,547 | 7,021 | 38,568 | 3,375 | 2,225 | 5,600 | 44,168 |
| 40,000 | 49,999 | 13 | 28,994 | 4,793 | 33,787 | 2,962 | 1,712 | 4,673 | 38,460 |
| 50,000 | 59,999 | 12 | 30,221 | 1,440 | 31,660 | 3,938 | 2,225 | 6,163 | 37,823 |
| 60,000 | 69,999 | 18 | 28,440 | 2,881 | 31,321 | 3,546 | 2,225 | 5,771 | 37,092 |
| 70,000 | 79,999 | 17 | 25,048 | 1,544 | 26,592 | 3,400 | 2,225 | 5,625 | 32,217 |
| 80,000 | 89,999 | 15 | 26,131 | 546 | 26,677 | 4,180 | 2,225 | 6,405 | 33,082 |
| 90,000 | 99,999 | 24 | 22,358 | 1,397 | 23,755 | 3,313 | 2,225 | 5,538 | 29,293 |
| 100,000 | 109,999 | 19 | 17,761 | 421 | 18,182 | 4,114 | 2,225 | 6,339 | 24,522 |
| 110,000 | 119,999 | 11 | 18,709 | 227 | 18,936 | 3,591 | 2,023 | 5,614 | 24,550 |
| 120,000 | 129,999 | 13 | 20,072 | 500 | 20,572 | 3,846 | 2,225 | 6,071 | 26,643 |
| 130,000 | 139,999 | 10 | 18,017 | 650 | 18,667 | 2,300 | 2,225 | 4,525 | 23,192 |
|
140,000 |
149,999 | 15 | 12,982 | 2,044 | 15,026 | 3,567 | 2,225 | 5,792 | 20,817 |
|
150,000 |
159,999 | 10 | 11,849 | 250 | 12,099 | 3,400 | 2,003 | 5,403 |
17,501 |
| 160,000 | 169,999 | 4 | 9,039 | 500 | 9,539 | 2,625 | 2,225 | 4,850 | 14,389 |
| 170,000+ | 27 | 9,977 | 148 | 10,126 | 2,796 | 2,060 | 4,856 | 14,982 | |
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. Typical loans awarded for first year students are $2,625 to $4,000 for need based loans, $3,500 to $4,500 for non-need based loans.
4. The size of an award is greatly affected by family size, number in college, family assets, student assets, and other considerations.