Current Student Grants

St. Olaf grants range from $1,000 to approximately $60,000 annually. St. Olaf grants are need-based grants from the college to the student that do not need to be repaid. The amount of the grant is based on the amount of need the family demonstrates through completion of the CSS/Financial Aid Profile and FAFSA. St. Olaf grants are funded through the generosity of alumni, parents and friends of the college, and other St. Olaf funds.

As students progress through St. Olaf, their St. Olaf Grant may increase in future years – though it is likely that tuition and other increases will be larger.

Keep in mind, St. Olaf merit scholarships also become a part of the need-based aid package.

Pell Grant awards ranged from $740 to $7,395 for the 2024 – 2025 Academic Year. Pell Grants are awarded by the federal government and the FAFSA determines eligibility for the Pell Grant. Like all grants, the Pell Grant does not need to be repaid.

Pell Grant recipients may inquire with the Financial Aid Office to request funds to use for the purchase of books and supplies. Advances will be given to students with credit balances after all charges and aid. 

SEOG awards range from $500-$3,000 annually. Preference in the SEOG program is given to students who are Pell Grant recipients.

Minnesota State Grants range from $340 to approximately $8,000. Minnesota State Grants are awarded to eligible Minnesota residents on the basis of need and do not have to be repaid. Amount of the grant is determined once the state budget is set in July prior to the upcoming school year. St. Olaf provide an estimates in the financial aid award based on the previous year’s amount.