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#3 Best Private Colleges in Minnesota

St Olaf Tuition & Cost

Northfield, Minnesota

 2 Reviews

How much does it cost to attend?

Sticker Price
$65,010
Costs for St Olaf College
Fee Cost
Tuition$51,450
Books and Supplies$1,000
Other Fees$0
Room and Board $11,660
Other Expenses Budget$900

Annual Prices

The annual list price to attend St Olaf College on a full time basis for 2020/2021 is $65,010 for all students regardless of their residency. This fee is comprised of $51,450 for tuition, $11,660 room and board, $1,000 for books and supplies and $0 for other fees. Out of state tuition for St Olaf College is $51,450, the same as Minnesota residents.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend St Olaf College when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$27,838
Net Price by Income St Olaf College
Family Income Net Price Paid
$0 to $30,000$11,112
$30,001 to $48,000$11,138
$48,001 to $75,000$15,453
$75,001 to $110,000$21,334
$110,000+$35,383

The average reported annual net price for St Olaf College for students receiving grants or scholarship aid was $27,838 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

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Financial Aid

99% of full-time undergrad St Olaf 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 $35,042 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 48% of students received Federal Student Loans averaging $5,083 and 11% of undergrads took out private student loans averaging $9,464.

Finanical Aid St Olaf College
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $35,042 99%
Institutional Grants and Scholarships $32,645 99%
Pell Grants $4,732 20%
Other Federal Grants $729 77%
State and Local Grants $5,682 17%
Federal Student Loans $5,083 48%
Other Student Loans $9,464 11%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to St Olaf College, we've modeled a ten year student loan with an original principal value of $105,104. The loan balance of $105,104 is a four year multiple of the $26,276 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 $1,003 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 2.75%.

Example Loan $105,104
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $1,002.81
Total Interest Paid $15,232.97
Sum of All Loan Payments $120,336.97

Projected 4 Year Degree Price

4 Year Sticker Price
$260,040
Year All Residents
1 $65,010
2 $67,587
3 $70,266
4 $73,051

Based on published tuition prices, we estimate the current cost of a 4 year bachelor's degree and living expenses at St Olaf College to be $260,040 - assuming graduation in normal time. The estimation assumes a 4% annual increase over the next 4 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at St Olaf College
Price Per Credit 3 Credit Class 4 Credit Class
All Residents $1,610 $4,830 $6,440

Estimated cost for a class at St Olaf College based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at St Olaf College versus other colleges.

Tuition Payment Plans Available

St Olaf College Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=174844 IPEDS survey data for St Olaf College.