Aid Awarded to 2018-2019 New Students

2018-19 Financial Aid Awarded to All Admitted Students to the Class of 2022

PARENT INCOME NUMBER OF
APPLICANTS/AWARDED
    % AWARDED
Low High AVERAGE GRANT
OR SCHOLARSHIP
AVERAGE LOAN
AMOUNT
AVERAGE WORK
AMOUNT
AVERAGE
AWARD
$ - 24,999 35/35 $60,921 $3,654 $3.400 66,974 100%
25,000 49,999 81/81 59,549 3,710 2,387 65,646 100%
50,000 74,999 78/78 54,810 3,724 2,369 56,223 100%
75,000 99,999 75/73 50,170 3,795 2,258 56,223 97%
100,000 124,999 83/82 43,525 3,905 2,400 49,830 99%
125,000 149,999 84/83 41,056 3,572 2,295 46,924 99%
150,000 174,999 92/81 30,286 4,099 2,370 36,775 88%
175,000 199,999 53/49 20,709 4,194 2,351 27,254 92%
200,000+   244/120 17,782 4,163 2,380 24,324 49%

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.
  4. The size of an award is greatly affected by family size, number in college, family assets, student assets, and other considerations.