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Financial Aid Office

Office Hours

Financial Aid staff are available during the school year Monday through Friday from 8am to noon and 1pm to 4:30pm (Central Time).

Student Loan Cancellation Announcement

On Wednesday, August 24, the Biden-Harris Administration announced a major Federal Student Loan debt relief effort. In summary, Federal Student Loan borrowers with individual incomes under $125,000 may receive up to $10,000 in Federal Student Loan cancellation. Borrowers who qualified for a Federal Pell Grant while enrolled in college and who meet the income requirements may qualify for an additional $10,000 in Federal Student Loan cancellation. It seems likely that current students who received a Federal Student Loan prior to July 1, 2022 may be eligible.

This is great news for so many Macalester alumni and students. And yet, there are many details about this program that are forthcoming. It is not yet known how alumni and current students may apply for cancellation or precisely how eligibility will be determined. When more information becomes available, it will be shared here. Pease stay tuned over the coming weeks and months as more guidance is released.

More information is available: the Department of Education press release, the Department of Education FAQ, and from the National Association of Student Financial Aid Administrators.

Prospective Students

Please review the financial aid application requirements and filing dates on our Apply for Aid page. We ask U.S. students to complete the CSS Profile and the FAFSA and provide tax documents. International students can complete the CSS Profile or the International Student Application for Financial Assistance. Students who complete their financial aid application by the specified filing date for their admission round will receive financial aid results shortly after notices of admission.

We encourage students to estimate their aid eligibility by using MyinTuition or our Net Price Calculator. Both of these estimating tools offer families an idea of what it might cost to attend Macalester.

Please contact us with questions about any aspect of the financial aid process.

Communication From Our Office

In an effort to conserve resources, we will limit the number of paper financial aid eligibility notifications sent from our office. Students will receive initial eligibility notifications in the mail and electronically. Subsequent notifications will be electronic only. Paper notifications are sent to the permanent address on file with the Registrar.

If you would prefer to receive paper notifications (sent to your SPO during the academic year), please send an email to financialaid@macalester.edu.

2020-2021 Key Facts and Figures

67% of students receive need-based financial aid

Average need-based financial aid package: $53,873

The average financial aid package includes the following:

Grants/scholarships: 86%
Loans: 9%
Student Employment: 5%

Merit Scholarship Opportunities

Around half of Macalester students are recipients of a merit-based scholarship (many of those students also receive need-based financial aid). All applicants for admission are considered for Macalester’s merit scholarships, no additional scholarship application is required. Merit scholarship awards range from $8,000 to $92,000 over four years. More information about Macalester’s Merit Scholarships.

COVID-19 Information

View Macalester’s COVID-19 page


The resources your family needs to learn about and apply for financial aid at Macalester are on this site. If you have any additional questions or are unable to find the information you are looking for, please feel free to contact us.

The Admissions and Financial Aid Offices are physically located at 62 Macalester Street.