parent and family handbook 2011-12

Financial Matters > Banking | Campus Employment | Financial Aid

Financial Aid

Each admitted student receives a financial aid package that meets 100% of his or her demonstrated need for financial aid. Approximately two-thirds of Macalester students receive need-based financial assistance. The average financial aid award for full-time students in 2009-2010 was $32,258. Grants and scholarships make up 80 percent of the average financial aid package.

Any degree-seeking student may apply for financial assistance. Application instructions can be found on the the Financial Aid Office web site.

Regardless of eligibility for financial aid, parents and students may choose from several financing options. The college offers a payment plan that allows a family to spread annual costs over ten equal
monthly payments. Long-term loans are available to most parents and students.

Parents are encouraged to contact the Financial Aid Office with questions about changes in their financial situation, application procedures, or any other topics related to the financing of their son or daughter’s education at 651-696-6214, by e-mail at finaid@macalester.edu, or review the web site at www.macalester.edu/financialaid/