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Financial Aid award amount typically includes grants, student loans
and student employment.
Income is an important factor in determining eligibility for financial aid. Family assets, family size, the number of children enrolled in college and other factors can also
affect eligibility.
Based on factors such as family income, assets and the number of children in college, the Financial Aid Office will determine how much parents and students will be expected to contribute toward the cost of a Macalester education.
Should you apply for financial aid?
As the chart below indicates, it is worthwhile for
most families to consider applying for financial aid.
Fall 2008 Based on Comprehensive Fee of $44,976
| |
Custodial Family Income
(including interest, dividends, non-taxable income, etc.) |
Number Receiving an Award/Number Applied |
Minimum |
Maximum |
Average |
| $0-19,999 |
4/4 |
$43,736 |
$45,830 |
$45,019 |
| $20,000-29,999 |
10/10 |
29,404 |
45,866 |
42,032 |
| $30,000-39,999 |
12/12 |
35,437 |
45,200 |
42,457 |
| $40,000-49,999 |
22/22 |
26,144 |
45,568 |
37,421 |
| $50,000-59,999 |
21/21 |
11,766 |
42,626 |
37,582 |
| $60,000-69,999 |
23/23 |
22,428 |
43,054 |
35,458 |
| $70,000-79,999 |
28/29 |
5,837 |
41,758 |
33,741 |
| $80,000-89,999 |
21/21 |
24,549 |
41,217 |
31,380 |
| $90,000-99,999 |
21/22 |
13,260 |
38,496 |
30,964 |
| $100,000-119,999 |
42/44 |
2,432 |
39,950 |
27,487 |
| $120,000-139,999 |
23/25 |
5,510 |
33,949 |
22,185 |
| $140,000-159,999 |
28/30 |
3,103 |
31,780 |
18,944 |
| $160,000 and up |
30/62 |
1,027 |
32,184 |
14,004 |
| Totals |
285/325 |
1,027 |
45,866 |
$29,499 |
We strongly encourage you to obtain a more personalized estimate of your
family’s financial aid eligibility by visiting www.collegeboard.com/parents,
and clicking on the link for Financial Aid Calculators. |
