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Thursday, November 21, 2024

Cost of college went up for all students at St Olaf College

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Tuition and fees rose 4 percent for 2018-19 at St Olaf College, according to recent data from the U.S. Department of Education.

Minnesota students paid $47,840 to attend the four-year private not-for-profit institution this year – $1,840 more than the $46,000 charged for 2017-18.

Data shows 97 percent of full-time undergraduates who started school in 2015-16 received student financial aid in some form. In all, 765 students received grants or scholarships totaling $24 million and 453 students took out student loans totaling more than $2.9 million.

Including all undergraduates (3,048), 2,833 students used grants or scholarships totaling $85.8 million, and 1,563 students took out $10 million in federal student loans.

The cost of attending
Enrollment2015-162016-172017-182018-19Change in tuition and fees 2015-16 to 2018-19
In-state~1,280$42,940$44,180$46,000$47,84011.4%

Undergraduate financial aid
The following data includes only full-time students who began an undergraduate program at St Olaf College in 2015-16.
Type of AidNumber of students receiving aidPercent receiving aidTotal amount of aid receivedAverage amount of aid per student
Federal grants15420%$863,874$5,610
State / local grant or scholarship11415%$661,689$5,804
Institutional grants or scholarships76597%$22,523,045$29,442
Grant or scholarship aid total76597%$24,048,608$31,436
Federal student loans40351%$2,051,843$5,091
Other student loans9812%$887,062$9,052
Student loan aid45358%$2,938,905$6,488
Total student aid76697%--

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