Fall Semester Billing

The Student Accounts office produces fall semester billing statements in mid-July, with payment due in mid-August. All statements are produced electronically. Please review our frequently asked questions about billing and financial aid.

To receive a more accurate billing statement, and to help you pay your bill on time, please complete any outstanding financial aid items as soon as possible. You can find a list of any outstanding financial aid items or documents in the Money Matters tab of 1600grand. If we have not awarded your financial aid yet, we will still do so as soon as you complete any outstanding items.

Please also remember to accept or decline any student loans you have been offered on 1600grand. First-time borrowers of Federal Direct Subsidized or Unsubsidized Loans must log in to studentloans.gov and complete two additional steps: Entrance Counseling (a guide to understanding the loans) and a Master Promissory Note (your official agreement to repay the loans). Other types of loans have different application steps. You can visit our Loans and Financing page to read about the requirements for each loan you accept.

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 Financial Aid Application. Students who complete their financial aid application by the specified filing dates for Early Decision or Regular Decision will receive financial aid results shortly after notices of admission.

We encourage students to use our Net Price Calculator, which offers families an idea of what it might cost to attend Macalester. The Net Price Calculator will ask you to provide some information about your family’s finances and then shows an estimate of your financial aid eligibility.

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.

New students will receive paper and email notifications throughout the summer. After fall semester begins, new students will receive electronic notifications only.

Returning 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.

2017-2018 Key Facts and Figures

70% of students receive need-based financial aid

Average need-based financial aid package: $45,680

The average financial aid package includes the following:

Grant: 85%
Loan: 10%
Student Employment: 5%

Merit Scholarship Opportunities

In 2017-2018, over fifty percent of U.S. first-year students received merit-based scholarships from Macalester. Merit scholarship awards range from $8,000 to $80,000 over four years. More information about Macalester’s Merit Scholarships.

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.