Aid Awarded to 2013-2014 New Students


2013-14 Financial Aid Awarded to First-Year Students With Demonstrated Need

PARENT INCOME NUMBER OF
APPLICANTS/AWARDED
% AWARDED
Low High AVERAGE GRANT
OR SCHOLARSHIP
AVERAGE LOAN
AMOUNT
AVERAGE WORK
AMOUNT
AVERAGE
AWARD
$ - 24,999 30/30 $50,862 $4,233 $2,225 57,320 100%
25,000 49,999 39/39 49,314 3,932 2,165 55,411 100%
50,000 74,999 38/38 44,131 3,395 2,225 49,751 100%
75,000 99,999 51/51 34,257 3,963 2,225 40,444 100%
100,000 124,999 28/25 35,769 3,390 2,225 41,384 89%
125,000 149,999 32/28 25,698 3,539 2,225 31,462 88%
150,000 174,999 38/33 22,032 3,530 2,225 27,787 87%
175,000 199,999 23/20 20,428 3,550 2,225 26,203 87%
200,000+ 49/24 14,856 4,271 2,318 21,445 50%

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.