by our College Data Analytics TeamMost students are not billed the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The sum total of attendance at Gustavus Adolphus College can sound tremendous, but do not forget that almost all students get some type of financial help.
What financial assistance options will Gustavus Adolphus offer, and what will you qualify for? Read on for more information. Read on to learn what amount of financial assistance will be accessible to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from Gustavus Adolphus College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at Gustavus Adolphus College, 100% of first-year full-time students received aid of some kind approximately 499 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $41,450 |
| Institutional grants & scholarships | 100% | $38,004 |
| Federal Pell grants | 21% | $5,604 |
| State/local grants | 31% | $6,628 |
| Federal student loans | 53% | $5,266 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At this school, approximately 99% of undergraduates were awarded grant or scholarship aid averaging $39,168 (across approximately 1933 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $39,168 |
| Federal Pell grants | 21% | $5,091 |
| Federal student loans | 54% | $6,377 |
For students living on campus and receiving title-IV aid, grants averaged $44,713.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $15,104 |
| $30,001 – $75,000 | $16,555 |
| Over $75,000 | $31,792 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,900 |
| Off-campus title-IV students | $26,895 |
For an estimate tailored to your family circumstances, see Gustavus Adolphus’s official net price calculator: gustavus.edu/admission/financial-aid/calculator.php.
The median federal debt load at Gustavus Adolphus comes to $23,250 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $23,250 |
| Median federal debt (graduates only) | $26,774 |
| Typical 10-year monthly payment (graduates) | $283.85/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at Gustavus Adolphus.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,700 |
| 25th percentile | $14,000 |
| 75th percentile | $28,000 |
| 90th percentile (highest-debt students) | $31,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $22,950 |
| Middle income | $22,905 |
| High income | $23,250 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $23,153 |
| Continuing-generation students | $23,250 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. Gustavus Adolphus.
Most undergraduate borrowing runs through the federal Stafford loan program. The annual Stafford volume below reflects program activity at Gustavus Adolphus:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7379 |
| Total Stafford loan amount | $114,789,296 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 14 |
| Total GI Bill amount | $352,369 |
| Average GI Bill amount per recipient | $25,169 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 6 |
| Total DoD amount | $17,750 |
| Average DoD amount per recipient | $2,958 |
References
More about our data sources and methodologies.