Financial Aid at St Olaf
Financial Aid Amount Received
$41,303 (72.50% of tuition)
Percent of Financial Aid Received
98% of 3,046 students
2,992 undergraduate students (98% of all students) have received grants, scholarships, and/or federal student loans at St Olaf College. The percentage of students who received financial aid much higher compared to Private (not-for-profit), 4-Years Colleges in Minnesota.
Compared to similar schools in rankings such as College of Saint Benedict and Gustavus Adolphus College, the percentage of students who received financial aid is average (the average of the schools is 96.00%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $41,303 and the average loan amount is $6,125. The average financial aid amount is 72.50% of tuition & fees (tuition & fees: $56,970).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 2,992 | 98% | $123,577,371 | $41,303 |
| Pell Grants | 611 | 20% | $3,212,724 | $5,258 |
| Federal Students Loans | 1,328 | 44% | $8,134,132 | $6,125 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 866 students have received one or more types of financial aid at St Olaf College.
The average amount of federal, state, local or institutional grant aid is $41,918 and the average amount of student loans awarded to full-time first-time undergraduate students is $7,282.
The following table shows the financial data by type of aid at St Olaf College.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 866 | 100% | - | - |
| Grant or scholarship aid | 866 | 100% | $36,300,646 | $41,918 |
| Federal Grants | 176 | 20% | $1,077,015 | $6,119 |
| Pell Grants | 176 | 20% | $942,487 | $5,355 |
| Other Federal Grants | 50 | 6% | $134,528 | $2,691 |
| State/Local Grants | 150 | 17% | $939,377 | $6,263 |
| Institutional Grants | 866 | 100% | $34,284,254 | $39,589 |
| Student Loans | 374 | 43% | $2,723,433 | $7,282 |
| Federal Student Loans | 350 | 40% | $1,765,751 | $5,045 |
| Other Student Loans | 75 | 9% | $957,682 | $12,769 |