OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Macalester College Financial Aid and Scholarships 2022

Macalester College, which is located in St. Paul, MN is a private, Presbyterian Church (USA) university. The university covers an area of 53 acres. In 1874, Macalester College was founded. The motto of the Macalester College is Natura et Revelatio Coeli Gemini, (Latin) and its official colors are blue and orange. Taking into account all the courses offered at Macalester College, the total enrolment stands at 2,098. To teach various courses to the students, the school has employed a total of

Macalester College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

82%

Total Aid Amount Average Total Aid Awarded per year.

$60.530M

Financial Aid Official Website

www.macalester.edu/financialaid/

Notably, 83% of the students at Macalester College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,883,773. More information regarding the financial assistance schemes can be accessed on MC’s official financial aid page at http://www.macalester.edu/financialaid/. Notably, a total of 19% of the applicants to Macalester College receive the Federal Grant every year. In comparison, 78% of the students are awarded the Student Grant, 78% get the Institution Grant, and 19% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $6,073, while the same comes to $5,686 for State Grant receivers and $35,374 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,700. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $47,196 in a year. The average aid amount stands at $44,878 for an annual family income between $30,001 and $48,000. This amount comes to $49,703 for those who fall under the $48,001-$75,000 family income bracket. On the other hand, the average federal aid stands at $40,013 for those with an annual family income between $75,001 and $110,000, and at $27,209 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 54% of the applicants to Macalester College opt for student loans.

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