#1 Best Value in Minnesota

Carleton College Tuition & Cost

Northfield, Minnesota

 1 Reviews

How much does it cost to attend?

Sticker Price

Costs for Carleton College
Fee Cost
Books and Supplies$933
Other Fees$375
Room and Board $15,375
Other Expenses Budget$1,782

Annual Tuition & Costs

The annual tuition to attend Carleton College is $59,850. The cost is the same for both in-state and out-of-state students. Room and board fees are an additional $15,375. For educational materials, students should allocate approximately $933 for books and supplies plus $375 for other fees charged by the school. Finally, students should budget $1,782 for miscellaneous expenses throughout the year. With all these fees considered, the expected total cost to attend Carleton College on a full-time basis is $78,315 per annum.

All price data is sourced from the 2021/2022 U.S. Department of Education National Center for Education Statistics survey.

Net Price

The average reported annual net price for Carleton College for students receiving grants or scholarship aid was $30,843 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

The net price provides a more realistic estimate of the true cost of attending Carleton College, once common grants and scholarships have been taken into account. It's important to note that this net price can fluctuate based on factors such as family income and individual financial need.

Average Net Price 2019/2020

Net Price by Income Carleton College
Family Income Net Price Paid
$0 to $30,000$6,208
$30,001 to $48,000$13,410
$48,001 to $75,000$15,991
$75,001 to $110,000$22,868

Financial Aid

64% of full-time undergrad Carleton College received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $43,432 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 37% of students received Federal Student Loans averaging $4,035 and 3% of undergrads took out private student loans averaging $12,582.

Finanical Aid Carleton College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $43,432 64%
Institutional Grants and Scholarships $41,132 59%
Pell Grants $4,395 14%
Other Federal Grants $1,090 38%
State and Local Grants $5,024 6%
Federal Student Loans $4,035 37%
Other Student Loans $12,582 3%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Carleton College, we've modeled a ten year student loan with an original principal value of $115,272. The loan balance of $115,272 is a four year multiple of the $28,818 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $1,222 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 4.99%.

Example Loan $115,272
Stafford Loan Interest Rate 4.99%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,222.08
Total Interest Paid $31,377.01
Sum of All Loan Payments $146,649.01

Projected 4 Year Degree Price

4 Year Sticker Price

Year All Residents
1 $78,315
2 $81,186
3 $84,161
4 $87,246

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at Carleton College to be $313,260 - assuming graduation in normal time. The estimation assumes a 3.7% annual increase over the next 4 years which has been the recent trend for this school.

Tuition Payment Plans Available

Carleton College Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Costs for Similar Colleges 

Explore costs at colleges similar to Carleton College

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=173258 IPEDS survey data for Carleton College.