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
|Williams||43%||Washington & Lee||34%|
Source: U.S. News & World Report, "Americas Best Colleges 2008"