Affording a St. Olaf Education

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We meet the need of EVERY student.

St. Olaf College is committed to meeting the demonstrated need of all admitted students.
Use our quick cost estimator tool to estimate your eligibility for need-based scholarships. An education at St. Olaf is more affordable than you think.
Estimate Your Cost


of students receive financial aid


Average first year need-based financial aid award


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

Bar Graph

Watch: Financial Aid - What You Need to Know

What you need to know about all St. Olaf offers to provide financial aid to students.



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.

Merit Scholarships