Aid Awarded to 2017-2018 New Students


2017-18 Financial Aid Awarded to All Admitted Students to the Class of 2021

PARENT INCOME NUMBER OF
APPLICANTS/AWARDED
    % AWARDED
Low High AVERAGE GRANT
OR SCHOLARSHIP
    AVERAGE LOAN
AMOUNT
AVERAGE WORK
AMOUNT
AVERAGE
AWARD
$ - 24,999 64/64 $58,216     $3,573 $2,287 64,007 100%
25,000 49,999 77/77 55,242     3,545 2,310 61,098 100%
50,000 74,999 71/68 49,671     3,515 2,340 55,526 96%
75,000 99,999 70/70 46,023     3,486 2,340 51,849 100%
100,000 124,999 96/93 37,047     3,328 2,340 42,716 97%
125,000 149,999 74/69 33,108     3,891 2,316 39,315 93%
150,000 174,999 56/49 23,225     4,092 2,340 29,687 88%
175,000 199,999 36/31 19,462     4,298 2,340 26,100 86%
200,000+   203/83 16,962     4,205 2,340 23,499 41%
                   
                   
                   
                   
                   
                   
                   
                   
                   

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.