Building on Macalester's Commitment
The Need for Endowed Financial Aid Funds
Two out of three students receive some form of financial aid, and the average award is $26,000 per year.
Between 1999 and 2008, financial aid expenses at Macalester nearly doubled, while during this same period, the amount of revenue generated by the endowment for all purposes--not just financial aid--rose by only 29 percent.
Percentage of Students Receiving
Need-Based Financial Aid
Macalester and Peer Institutions
| Macalester | 68% | ||
| Grinnell | 55% | Colorado College | 41% |
| Middlebury | 46% | Colby | 37% |
| Kenyon | 43% | Davidson | 34% |
| Williams | 43% | Washington & Lee | 34% |
Source: U.S. News & World Report, "Americas Best Colleges 2008" |
|||