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Macalester is taking steps to mitigate the impact of the global economic downturn while strengthening its mission of being a preeminent liberal arts college with an educational program known for its high standards for scholarship and its special emphasis on internationalism, multiculturalism, and service to society.
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Macalester and the Economy “Macalester is fortunate to be in a better position than many of our peer institutions. However, we too have felt the impact of the global economic downturn. We exist to educate; students attend Macalester first and foremost because of the quality of that education; and we must ensure that we are delivering on our promise to provide those students with the knowledge, skills, and motivation to succeed and make a positive difference in the world.” —Macalester President Brian Rosenberg This Web page is intended to be a clearinghouse of information for the College community, including students, parents, faculty and alumni. On this page you will find information about how the economy is impacting Macalester and resources for students and families. US News Cites Mac's Strong Aid Program
"Macalester has always ensured qualified students can attend, regardless of family income," said President Brian Rosenberg. "We believe that an economically diverse class enriches the student experience and we are fortunate to have generous alumni and donors who agree and help enable the college to offer more aid than many other colleges." On average two-thirds of Macalester students receive financial aid. Read the full US News story and see all of the schools that claim to meet full need. • Macalester Student Loan Debt Lowest in State and Below National Average more» Budget Outlook for 2009-2010 David Wheaton, vice president for finance, hosted an open forum for the Macalester community. Wheaton providde an overview of the coming year's college budget and discussed the college's overall financial health and its anticipated challenges in the years ahead.
President Rosenberg and other senior administrators hold a question and answer forum. The Mac Weekly President Rosenberg announces FY 2009-10 actions, including increased financial aid, no faculty or staff layoffs and a salary freeze. In his Macalester Today column, Household Words, President Rosenberg addresses how Macalester plans to respond to the economic crisis. Writing for Household Words, President Rosenberg explains Macalester's endowment | |
According to US News and World Report, (Feb. 18), Macalester is one of only 70 four-year colleges in the country that is committed to meeting "...the full financial need of every student using only grants and reasonable amounts of student work and federal debt." That's 70 out of 2,600 schools, or only about three percent of all four-year colleges in the nation.
