by our College Data Analytics TeamThe total cost of attendance at Gustavus Adolphus College can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
Interested in understanding the financial aid resources available at Gustavus Adolphus and your eligibility? Find the answers you seek below.
Gustavus Adolphus College average financial aid offer for freshmen students is $32,521.00. Financial aid is provided to about 99% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
Uneasy about the debt that may be included in your financial aid plan? Find the average amount of debt per student at Gustavus Adolphus College.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The numbers below apply to scholarships and grants primarily provided by Gustavus Adolphus College.
98% of incoming freshmen (632 total) were awarded scholarships at Gustavus Adolphus College, averaging $28,809.00 a piece. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 27% of first years (171 total) were awarded federal grant aid, averaging $5,029.00 each.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 8.41% | $43,470.00 |
| Income 30k-48k | 8.10% | $42,760.00 |
| Income 48k-75k | 11.06% | $39,017.00 |
| Income 75k-110k | 17.13% | $33,495.00 |
| Income 110k + | 28.35% | $28,346.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
99% of the 642 undergraduates at Gustavus Adolphus College receive some sort of grant aid. This is a total of about 632 students getting an average of $32,521.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.