Saturday, August 18, 2018

Saturday, August 18, 2018

Cost of college went up for all students at Macalester College

Tuition and fees rose 3.6 percent for 2017-18 at Macalester College, according to the latest disclosure from the U.S. Department of Education.


Tuition and fees rose 3.6 percent for 2017-18 at Macalester College, according to the latest disclosure from the U.S. Department of Education.

Minnesota students paid $52,464 to attend the four-year private not-for-profit institution this year $1,825 more than the $50,639 charged for 2016-17.

Data shows 83 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 462 students received grants or scholarships totaling $15.4 million and 323 students took out student loans totaling more than $1.87 million.

Including all undergraduates, 1,730 students used grants or scholarships totaling $55.68 million. Another 949 took out $5.96 million in federal student loans.

The cost of attending
Enrollment
2014-15
2015-16
2016-17
2017-18
Change in tuition and fees 2014-15 to 2017-18
~300
$47,195
$48,887
$50,639
$52,464
11.2%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at the Macalester College in 2015-16.
Type of Aid
Number of students receiving aid
Percent receiving aid
Total amount of aid received
Average amount of aid per student
Federal grants
85
15%
$449,246
$5,285
State / local grant or scholarship
30
5%
$131,631
$4,388
Institutional grants or scholarships
459
79%
$14,815,101
$32,277
Grant or scholarship aid total
462
79%
$15,395,978
$33,325
Federal student loans
261
45%
$1,397,819
$5,356
Other student loans
96
16%
$475,017
$4,948
Student loan aid
323
55%
$1,872,836
$5,798
Total student aid
481
83%

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