Macalester College - Financial Aid

National College Match Scholarship Package

These numbers reflect estimated student expenses for the 2024-2025 school year. Amounts will change slightly from year to year, but as the cost of college increases, the scholarship packages will correspondingly increase. Your official financial aid award will be included in a letter directly from Macalester.

Annual Cost

Annual Cost of Attendance

Tuition

$67,874

Housing and Food

$15,760

Books & Supplies

Travel

$750 domestic average

Personal

$2,270

Health Insurance

$3,329 (See below)

Required Fees

$230

Total

$90,213

How Annual Costs Are Covered

Grants

$83,864

Federal Work-Study

$3,900

Student Summer Work Contribution

$2,449

Parent Contribution

Student Savings

Student Loan

Total

$90,213

Policy on Outside Funding

The first $500 of outside funding will not affect grants from Macalester. Macalester grants will be reduced by fifty percent of the amount of outside funding exceeding $500. Federal Work-Study may be reduced to comply with Federal Student Aid rules requirements. Total grants and outside funding may not exceed the cost of attendance.

Policy on Health Insurance

Macalester requires all students to have health insurance. If the student is not covered by their own health insurance plan, Macalester will provide a grant to pay for the Macalester College health insurance plan (added to the grant amount shown above).

Policy on Travel Allowance

Students are expected to pay for travel to and from campus as part of their contribution from summer work and/or academic year earnings. The estimated amount shown above is typical but will vary.

Policy on Student Contribution

Need-based student loans are available if students wish to borrow to replace the summer work and/or the Campus Employment expectations. Students pay personal expenses, books, and travel expenses from summer and/or academic year earnings. The work-study amount increases from year to year. The 2024-2025 amounts are:

First year: $3,900

Second year: $4,000

Third year: $4,200

Fourth year: $4,400

Requirements Associated with Maintaining this Award

Students must complete a FAFSA each year for financial aid in order to maintain the Match Scholarship award. There is no minimum GPA required to renew the Match Scholarship award.

Other Details

The grants provided will include a Campus Residence Grant which cannot be used when a student resides off campus (typically during junior and/or senior year). The 2024-2025 Campus Residence Grant is $1,372.