St. Olaf College | News

Money magazine names St. Olaf one of the “Best Colleges in the Midwest”

St. Olaf College has been recognized as one of the best colleges in the Midwest — and the top college in Minnesota — by Money magazine.  

Money put St. Olaf at No. 7 in its 2022 Best Colleges in the Midwest rankings, which are based on a variety of factors including affordability, graduation rates, and average earnings after graduation. The magazine recognized St. Olaf’s Music Department, wide variety of majors, and vast range of on-campus organizations and activities for students..

“We are honored to be recognized as one of Money‘s Top 10 Schools in the Midwest,” says St. Olaf Dean of Admissions and Financial Aid Chris George. “St. Olaf’s inclusion in a list of primarily large research institutions affirms all that makes St. Olaf a great place for prospective students to consider.”

St. Olaf College meets 100% of demonstrated need, and 98% of students receive financial aid. While private schools are often thought of as more expensive than public institutions, St. Olaf’s generous financial aid breaks this stereotype. The graduation rate at St. Olaf is around 86%, with average early career earnings at $60,240. 

“Our commitment to affordability provides students from all economic backgrounds with the opportunity to partake in a rigorous academic experience within an inclusive and vibrant residential community that prepares them to be successful beyond the Hill,” George says.

St. Olaf has earned high marks in other prominent college rankings this year, placing in the Princeton Review’s Top 50 Best Value Colleges, and coming in at No. 62 on U.S. News’ list of top national liberal arts colleges.