Aid Awarded to 2015-2016 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
$ - 24,999 106/106 $55,494 $3,607 $2,122 61,223 100%
25,000 49,999 89/88 53,479 3,761 2,225 59,466 99%
50,000 74,999 78/76 47,732 3,467 2,225 53,454 97%
75,000 99,999 81/81 40,380 3,653 2,198 46,231 100%
100,000 124,999 81/77 30,801 3,916 2,225 36,941 95%
125,000 149,999 55/52 26,843 4,183 2,225 33,251 95%
150,000 174,999 61/58 24,118 4,000 2,225 30,413 95%
175,000 199,999 56/45 16,770 3,656 2,176 22,601 80%
200,000+ 156/69 15,270 4,145 2,225 21,639 44%

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.