$5,526

Avg. Federal Grant

$4,050

Avg. Federal Loan

$46,371,823

Total Aid Awarded

Carleton College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

61%

Total Aid Amount Average Total Aid Awarded per year.

$46.372M

Financial Aid Official Website

https://apps.carleton.edu/campus/sfs/prospective/

As many as 78% of the students at CC get some sort of financial aid, and the total amount of assistance/loans provided is more than $4,634,264 in a year. Notably, a total of 13% of the applicants to Carleton College receive the Federal Grant every year. On the other hand, 57% of the candidates get the Student Grant, 57% receive the Institution Grant, and 13% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,128, while the same comes to $4,917 for State Grant receivers and $38,011 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,658. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At CC, an estimated number of 41% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

13%

State Grant Aid

4%

Institution Grant Aid

58%

Pell Grant

13%

Average Aid Awarded

Federal Grant Aid

$5,526

State Grant Aid

$5,011

Institution Grant Aid

$34,903

Pell Grant

$4,497

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$57,900

$30,001 - $48,000

$58,631

$48,001 - $75,000

$53,820

$75,001 - $110,000

$44,572

Over $110,000

$27,565

Student Loans for Carleton College

Average Loan Amount Average Loan Amount received per year.

$4,502/Year

Students Taking Out Loans

41%

Loan Default Rate

1%

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