How St Olaf's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at St Olaf College since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,823, which is 92.89 % of all undergraduate students. 1,493 students which is 49.00% of undergraduate students received federal student loans and the average loan amount is $6,287.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	2,743 (88%)	$23,953	446 (14%)	$4,254	1,536 (49%)	$6,449
2014-15	2,677 (88%)	$25,056	454 (15%)	$4,254	1,490 (49%)	$6,346
2015-16	2,734 (90%)	$26,678	472 (15%)	$4,364	1,513 (50%)	$6,256
2016-17	2,735 (90%)	$27,986	492 (16%)	$4,310	1,528 (50%)	$6,409
2017-18	2,833 (93%)	$30,281	562 (19%)	$4,549	1,563 (51%)	$6,386
2018-19	2,909 (95%)	$32,250	609 (20%)	$4,689	1,535 (50%)	$6,263
2019-20	2,963 (96%)	$34,342	599 (19%)	$4,683	1,509 (49%)	$6,260
2020-21	2,888 (98%)	$35,893	578 (20%)	$4,906	1,411 (48%)	$6,108
2021-22	2,926 (98%)	$38,296	598 (20%)	$4,946	1,353 (45%)	$6,107
Average	2,823 (92.89%)	$30,526	534 (17.56%)	$4,551	1,493 (49.00%)	$6,287

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 738 (94.89 % of students) received grants or scholarships and its average amount is $31,516. It can cover 55.32% of tuition & fees ($56,970).

In addition, 409 (52.67 % of students) students get helped from the students loans (average amount : $6,672).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	653 (87%)	$23,841	372 (49%)	$6,542
2014-15	684 (89%)	$26,917	434 (57%)	$6,587
2015-16	702 (92%)	$27,346	391 (51%)	$6,944
2016-17	776 (94%)	$28,573	464 (56%)	$6,074
2017-18	765 (97%)	$31,436	453 (58%)	$6,488
2018-19	788 (97%)	$32,811	434 (54%)	$6,565
2019-20	799 (99%)	$35,042	426 (53%)	$6,638
2020-21	727 (100%)	$37,281	362 (50%)	$7,687
2021-22	751 (99%)	$40,399	345 (46%)	$6,527
Average	738 (94.89%)	$31,516	409 (52.67%)	$6,672

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 148 (19.00 % of students) received Pell (federal) grants and its average amount is $4,722.

In addition, 112 students received State/local government grants/scholarships (14.56 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	106 (14%)	$4,252	44 (6%)	$2,915	85 (11%)	$4,146	653 (87%)	$22,415
2014-15	145 (19%)	$4,254	45 (6%)	$2,967	107 (14%)	$4,601	683 (89%)	$25,137
2015-16	131 (17%)	$4,368	54 (7%)	$2,828	88 (12%)	$4,936	702 (92%)	$25,695
2016-17	138 (17%)	$4,465	55 (7%)	$2,780	105 (13%)	$5,136	775 (94%)	$26,922
2017-18	154 (20%)	$4,640	57 (7%)	$2,620	114 (15%)	$5,804	765 (97%)	$29,442
2018-19	165 (20%)	$4,775	65 (8%)	$2,844	136 (17%)	$5,681	788 (97%)	$30,596
2019-20	163 (20%)	$4,732	622 (77%)	$729	133 (17%)	$5,682	797 (99%)	$32,645
2020-21	163 (22%)	$5,087	66 (9%)	$2,779	127 (17%)	$6,099	727 (100%)	$34,823
2021-22	167 (22%)	$5,923	52 (7%)	$2,610	117 (15%)	$6,169	751 (99%)	$37,940
Average	148 (19.00%)	$4,722	118 (14.89%)	$2,564	112 (14.56%)	$5,362	738 (94.89%)	$29,513

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 409 (52.67 % of students) get any students loan help and its average loan amount is $409.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	372 (49%)	$6,542	349 (46%)	$5,184	62 (8%)	$10,073
2014-15	434 (57%)	$6,587	398 (52%)	$5,043	89 (12%)	$9,569
2015-16	391 (51%)	$6,944	389 (51%)	$4,814	78 (10%)	$10,804
2016-17	464 (56%)	$6,074	423 (51%)	$4,992	75 (9%)	$9,419
2017-18	453 (58%)	$6,488	403 (51%)	$5,091	98 (12%)	$9,052
2018-19	434 (54%)	$6,565	395 (49%)	$5,111	85 (11%)	$9,773
2019-20	426 (53%)	$6,638	385 (48%)	$5,083	92 (11%)	$9,464
2020-21	362 (50%)	$7,687	354 (49%)	$5,006	67 (9%)	$15,087
2021-22	345 (46%)	$6,527	324 (43%)	$5,005	56 (7%)	$11,257
Average	409 (52.67%)	$6,672	380 (48.89%)	$5,037	78 (9.89%)	$10,500

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Scholarships, Grants, and Loan Trends at St Olaf

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time