Affording a St. Olaf Education

We know a college education is expensive. For most students and families, it is one of the  largest and most important investments you will make.

We believe that an economically diverse student body reflects the world in which our  students will live and work. St. Olaf has a long tradition of meeting the demonstrated need of all admitted students. The goal of our financial aid program is to help students from varied economic circumstances afford to take full advantage of the educational experience St. Olaf College offers.

Our primary focus is to provide access to a St. Olaf education through our need-based financial aid programs.  We also offer highly competitive merit scholarships to recognize outstanding academic achievement, significant and sustained service to local and church communities, and exceptional talent in music, art, theater and dance.

St. Olaf College Financial Aid Facts

  • In 2010-2011 we awarded over $48 million in institutional grants and scholarship aid to our students.
  • The average need-based financial aid award for incoming students in the Class of 2015 was $31,243.
  • 85% of incoming students in Fall 2011 received an institutional grant or scholarship:  62% demonstrated need and received grants and/or scholarships to meet that need, and 23% had no demonstrated need but received a merit scholarship. 

If you would like us to calculate an estimate of your financial aid eligibility at St. Olaf, please try our Net Price Calculator.