We have created an FAQ page for financial aid questions related to Module 5.

Financial Aid Office staff members are working remotely. The Financial Aid Office is currently closed to in-person visits, but we remain committed to providing responsive and thorough service to students and families. You may contact us in all the usual ways (except you’ll need to leave voicemail if you call), and if you’d like to schedule an individual meeting, please let us know if you prefer a phone appointment or a Zoom video call. Students who need to drop off paper documents can place them in the mailbox just outside the door to the Financial Aid Office.

More: Macalester’s COVID-19 page


Financial Aid staff members are currently working summer hours. We are available Monday through Thursday from 7:45am to noon and 1pm to 5pm, and we are available Friday from 7:45am to 12:30pm. (All times are Central Daylight Time.)

New Students

Congratulations on your decision to attend Macalester! Please log in to your New Student Portal to view a list of any financial aid checklist items that you need to complete. The New Student Portal will provide instructions for accepting or declining loans, applying for on-campus jobs, and completing any required financial aid documents.

The Student Accounts office produces fall semester billing statements in mid-July, with payment due in mid-August. Our bill estimating worksheets can help you determine how much you will owe. Please note that if you plan on enrolling in a payment plan, one of the plan options begins in June.

Returning Students

Students who completed their financial aid application by May 15 will receive notification of their financial aid eligibility in mid-June. If you have not yet completed your financial aid application for the 2021-2022 school year, please do so as soon as possible. We will continue to award financial aid throughout the summer as applications are completed.

Check the Money Matters tab of 1600grand to view a list of any outstanding items or documents. You can also review instructions for applying for aid as a returning student.

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

2018-2019 Key Facts and Figures

70% of students receive need-based financial aid

Average need-based financial aid package: $47,763

The average financial aid package includes the following:

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

Merit Scholarship Opportunities

In 2018-2019, 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.