Scholarships, Grants, and Loan Trends at Macalester

9%

Received Percent Changed

$8,905

Received Amount Changes

Over the past 10 years (2015-2023), the average number of students who received grants aid/scholarships is 1,761, which is 82.22 % of all undergraduate students. 905 students which is 42.11% of undergraduate students received federal student loans and the average loan amount is $6,032.

For full-time, first-time beginning students (freshmen), 83.78% of students received grants or scholarships and 52% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows the trends of financial aid for all undergraduate students at Macalester College since 2014.

For that period, the average number of students who received grants aid/scholarships is 1,761, which is 82.22 % of all undergraduate students. 905 students which is 42.11% of undergraduate students received federal student loans and the average loan amount is $6,032.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-151,615 (78%)$31,632343 (17%)$4,078919 (44%)$6,288
2015-161,730 (80%)$32,183335 (15%)$4,045949 (44%)$6,284
2016-171,725 (80%)$33,104325 (15%)$4,373893 (42%)$6,319
2017-181,742 (82%)$34,747391 (18%)$4,422904 (42%)$6,113
2018-191,761 (81%)$35,808388 (18%)$4,7001,002 (46%)$5,872
2019-201,726 (82%)$36,479391 (19%)$4,675930 (44%)$5,914
2020-211,738 (85%)$39,407445 (22%)$5,031805 (39%)$5,835
2021-221,917 (85%)$39,942412 (18%)$4,906924 (41%)$5,828
2022-231,896 (87%)$40,537377 (17%)$5,154815 (37%)$5,834
Average1,761 (82.22%)$35,982379 (17.67%)$4,598905 (42.11%)$6,032
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

For the last 10 years, on average, 465 (83.78 % of students) received grants or scholarships and its average amount is $36,857. It can cover 54.12% of tuition & fees ($68,104).

In addition, 290 (52.11 % of students) students get helped from the students loans (average amount : $6,349).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2014-15454 (84%)$31,734321 (59%)$6,073
2015-16462 (79%)$33,325323 (55%)$5,798
2016-17420 (83%)$33,335280 (55%)$5,865
2017-18444 (82%)$37,267307 (57%)$6,100
2018-19486 (78%)$37,169336 (54%)$6,032
2019-20423 (84%)$35,464250 (50%)$6,223
2020-21478 (87%)$42,832273 (50%)$6,264
2021-22533 (89%)$40,262285 (47%)$6,714
2022-23485 (88%)$40,329232 (42%)$8,072
Average465 (83.78%)$36,857290 (52.11%)$6,349
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 100 (18.11 % of students) received Pell (federal) grants and its average amount is $4,775.

In addition, 32 students received State/local government grants/scholarships (5.67 % of students).

Year Federal (Pell) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2014-1594 (17%)$4,12333 (6%)$2,86631 (6%)$4,701453 (84%)$30,417
2015-1685 (15%)$4,29231 (5%)$2,72330 (5%)$4,388459 (79%)$32,277
2016-1779 (16%)$4,38628 (6%)$2,62424 (5%)$6,121419 (83%)$32,061
2017-18124 (23%)$4,64848 (9%)$2,16132 (6%)$5,645442 (81%)$35,488
2018-19115 (19%)$4,90961 (10%)$2,19543 (7%)$5,686484 (78%)$35,374
2019-2092 (18%)$4,86041 (8%)$2,41432 (6%)$4,968419 (83%)$34,120
2020-21136 (25%)$5,44963 (12%)$2,05329 (5%)$5,965478 (87%)$40,649
2021-2293 (15%)$4,85037 (6%)$2,22931 (5%)$5,885533 (89%)$38,919
2022-2382 (15%)$5,46235 (6%)$3,02034 (6%)$6,430485 (88%)$38,737
Average100 (18.11%)$4,77542 (7.56%)$2,47632 (5.67%)$5,532464 (83.56%)$35,338
*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.
**percentage of number of students receiving aids among all undergraduate students.

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 290 (52.11 % of students) get any students loan help and its average loan amount is $290.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2014-15321 (59%)$6,073264 (49%)$5,65793 (17%)$4,904
2015-16323 (55%)$5,798261 (45%)$5,35696 (16%)$4,948
2016-17280 (55%)$5,865229 (45%)$5,30389 (18%)$4,807
2017-18307 (57%)$6,100270 (50%)$4,95091 (17%)$5,893
2018-19336 (54%)$6,032297 (48%)$4,840150 (24%)$3,929
2019-20250 (50%)$6,223210 (42%)$4,812124 (25%)$4,398
2020-21273 (50%)$6,264215 (39%)$4,799157 (29%)$4,321
2021-22285 (47%)$6,714253 (42%)$5,04291 (15%)$7,009
2022-23232 (42%)$8,072206 (37%)$4,98982 (15%)$10,307
Average290 (52.11%)$6,349245 (44.11%)$5,083108 (19.56%)$5,613

Ratings & Review

Share your experiences and thoughts about Macalester College. It will be a great help to applicants and prospective students!