Affording a St. Olaf Education
98%
of students receive financial aid
$49,910
Average first year need-based financial aid award
79%
of students receive a merit scholarship
Overall cost of attendance: $69,000
Tuition: $54,650
Housing and meal plan: $12,450
Estimated expenses (books, personal): $1,900
98% of students receive scholarships or grants
2022-2023 Academic Year
Our Commitment To Affordability
| Family Income Range* | Minimum Grants & Scholarships Provided |
| $75,000 and below | Full Tuition |
| $75,001-$140,000 | $44,000 |
| $140,001-$225,000 | $37,000 |
*Assuming typical assets. Families with significant assets atypical for their income level may not qualify for the minimum grant amount. Assets include but are not limited to cash and savings, investments, home equity, business worth, farm worth, and other real estate equity.
Our Early Decision Commitment
Any student who applies and is admitted through Early Decision will receive a minimum of $20,000 in St. Olaf scholarships.
Net Price by Family Income (2020–21)
St. Olaf’s average net price for first-year students
What you need to know about all St. Olaf offers to provide financial aid to students.
What you need to know about the process to apply for need-based financial aid.
MERIT SCHOLARSHIPS
St. Olaf offers merit scholarships in academics, the fine arts, and service leadership. We also participate in the academic scholarship programs of the National Merit Scholarship Corporation.
While we offer scholarships in academics, the arts, and community engagement, as a member or the National Collegiate Athletic Association – Division III, we do not offer athletic scholarships. Athletes are welcome to seek other merit scholarships for which they qualify.
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