Augsburg College
Minneapolis, MN 55454

Financial Aid

Average Institutional Grant

In the 2016-2017 academic year, full-time freshman students of Augsburg College were awarded a total amount of $11,279,383 in grant and $3,370,286 in federal student loans. 100% of freshman students received some type of financial aid either in the form of grant or scholarship from the federal, state or local government and the institution. 86% of the freshman students received federal student loan.

The following tables details the breakdown of all types of financial aid awarded to full-time undergrad students who entered the college in Fall 2016

Grant & Scholarships

Students Receiving Aid Average Amount Total Amount
Pell Grant 217 45% $4,695 $1,018,813
Other Federal Grant 37 8% $3,684 $136,322
State Grant/Scholarships 258 54% $5,133 $1,324,219
Institutional Grant/Scholarships 476 100% $18,487 $8,800,029
Total Grant & Scholarships 478 100% $23,597 $11,279,383

Student Loans

Students Receiving Loans Average Amount Total Amount
Federal Student Loans 412 86% $8,180 $3,370,286
Private Loans 64 13% $12,769 $817,191
Total Loans 415 87% $10,090 $4,187,477

Student Loan Default Rate

Current default rate
Fiscal year - 2014

The following table shows Federal Family Education Loan (FFEL) Program and William D. Ford Federal Direct Loan (Direct Loan) borrowers statistics and default rates for Augsburg College from 2012 to 2014 and comparisons between the school's default rates and similar schools in the state and national average.

Default Rate
Fiscal Year Borrowers Defaulters School State Avg. National Avg.
2014 1,081 56 5%
2013 1,137 60 5%
2012 1,153 62 5%
  • Fiscal Year - October 1 to September 30
  • Borrowers - Total number of borrowers who entered into repayment in the fiscal year.
  • Defaulters - Number of borrowers who defaulted in the fiscal year.
  • School - Augsburg College's default rate
  • State Avg. - Minnesota's 4 year colleges average default rate
  • National Avg. - National average default rate of 4 year colleges

Financial Aid by Income Level

This section details the amount of financial aid provided to Augsburg College students over the past 5 years. The data is categorized into 5 income brackets. Click on each income bracket to view the amount of finanical aid provided and the number of recipients for the past 5 years.

Net Price

Average Net Price

Weather your family is financially well-off or unaffluent, you might be eligible for some type of financial aid in the form of grant, loan or scholarship. No matter what your situation is, you should first apply for Federal Student Aid (FAFSA). Colleges and universities use the information from your FAFSA and federal tax return to calculate your Expected Family Contribution (EFC). Your EFC determines how much financial aid you're eligible to receive.

This section details the net prices paid by students in the 2016-2017 academic year at Augsburg College. The amounts are averaged out for 5 family income brackets.

Here is a simple formula to calculate your net price or use the link below to estimate your net price more accurately.

Net Price = Sticker Price - Financial aid

Financial aid include: federal, state or local government grants and institutional grants and scholarships

Average Net Price by Family Income

Family Income Average Net Price
Less than $30,000$17,192
$30,000 to $48,000$17,674
$48,000 to $75,000$18,843
$75,000 to $110,000$24,923
Over $110,000$29,222
Get your personal estimate

Veterans and Service Members

Average Financial Aid

The following section details the amount of financial aid provided to veteran students and their family members at Augsburg College.

In 2016-2017 academic year, 61 students received an average amount of $14,272 in financial aid in the form of post-9/11 GI bill benefits and 7 students received $3,071 on average through yellow ribbon program.

Unlike other types of government financial aid, veterans financial aid is available to both undergraduates and graduate students.

Post-9/11 GI Bill

Yellow Ribbon Program

Learn more about financial aid for veterans

Financial Aid Deadlines

April 15

  • Financial aid application (priority)

July 1

  • Transfer financial aid application (priority)

August 1

  • Financial aid application (regular)

August 15

  • Transfer financial aid application

September 1

  • Student must reply to financial aid offer

Campus Location

Similar Colleges

California Lutheran University
Thousand Oaks, CA
Dominican University
River Forest, IL
Springfield College
Springfield, MA
Bethel University
Saint Paul, MN
Hamline University
Saint Paul, MN
George Fox University
Newberg, OR
Marian University
Fond Du Lac, WI

Nearby Colleges

Nearby 4 year colleges within 100 mile radius of Augsburg College.

Luther Seminary
2.6 mile away
Hamline University
3.8 mile away
Macalester College
4 mile away
St Catherine University
4.1 mile away