Aid Awarded to 2014-2015 New Students


2014-15 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 32/32 $56,329 $3,226 $2,153 61,708 100%
25,000 49,999 36/36 51,930 3,125 2,163 57,219 100%
50,000 74,999 33/33 44,278 3,614 2,225 50,116 100%
75,000 99,999 31/30 33,612 3,625 2,225 39,462 97%
100,000 124,999 43/41 32,843 3,567 2,225 38,635 95%
125,000 149,999 34/31 27,321 3,426 2,225 32,972 91%
150,000 174,999 15/11 34,076 3,318 2,225 39,619 73%
175,000 199,999 13/11 25,917 3,773 2,225 31,915 95%
200,000+ 50/28 14,363 4,062 1,987 20,412 56%

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.