Aid Awarded to 2016-2017 New Students


2015-16 Financial Aid Awarded to All Admitted Students to the Class of 2019

PARENT INCOME NUMBER OF
APPLICANTS/AWARDED
    % AWARDED
Low High AVERAGE GRANT
OR SCHOLARSHIP
    AVERAGE LOAN
AMOUNT
AVERAGE WORK
AMOUNT
AVERAGE
AWARD
$ - 24,999 87/87 $53,394     $3,592 $2,298 59,285 100%
25,000 49,999 105/103 54,537     3,786 2,339 60,662 98%
50,000 74,999 69/68 46,473     3,993 2,301 52,767 99%
75,000 99,999 93/87 43,190     3,986 2,313 49,488 94%
100,000 124,999 97/93 37,423     3,567 2,284 43,275 96%
125,000 149,999 81/76 30,941     3,421 2,340 36,702 94%
150,000 174,999 68/57 22,806     4,088 2,298 29,192 84%
175,000 199,999 59/42 20,637     3,626 2,281 26,545 71%
200,000+   210/78 14,512     4,160 2,368 21,040 37%
                   
                   
                   
                   
                   
                   
                   
                   
                   

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.