Aid Awarded to 2019-2020 New Students

2019-20 Financial Aid Awarded to All Admitted Students to the Class of 2023

PARENT INCOME NUMBER OF
APPLICANTS/AWARDED
    % AWARDED
Low High AVERAGE GRANT
OR SCHOLARSHIP
AVERAGE LOAN
AMOUNT
AVERAGE WORK
AMOUNT
AVERAGE
AWARD
$ - 24,999 34/34 $65,155 $4,500 $2,574 71,303 100%
25,000 49,999 72/71 64,055 4,500 2,551 69,217 99%
50,000 74,999 83/82 60,008 4,397 2,578 65,200 99%
75,000 99,999 71/69 55,125 4,422 2,582 61,104 97%
100,000 124,999 79/77 47,668 4,425 2,541 53,004 97%
125,000 149,999 86/81 42,060 4,353 2,546 41,058 94%
150,000 174,999 76/75 37,333 4,307 2,580 41,058 99%
175,000 199,999 44/39 31,514 4,455 2,580 38,605 89%
200,000+   252/124 17,739 4,322 2,576 25,796 49%

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.