Gustavus Adolphus College
Saint Peter, MN 56082-1498

Financial Aid

Average Institutional Grant

In the 2016-2017 academic year, full-time freshman students of Gustavus Adolphus College were awarded a total amount of $16,980,510 in grant and $2,459,831 in federal student loans. 97% 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. 65% 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 168 27% $4,154 $697,840
Other Federal Grant 160 26% $495 $79,253
State Grant/Scholarships 209 34% $5,015 $1,048,118
Institutional Grant/Scholarships 596 97% $25,428 $15,155,299
Total Grant & Scholarships 596 97% $28,491 $16,980,510

Student Loans

Students Receiving Loans Average Amount Total Amount
Federal Student Loans 398 65% $6,180 $2,459,831
Private Loans 117 19% $13,014 $1,522,648
Total Loans 410 67% $9,713 $3,982,479

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 Gustavus Adolphus 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 571 7 1%
2013 590 3 --
2012 553 8 1%
  • 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 - Gustavus Adolphus 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 Gustavus Adolphus 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 Gustavus Adolphus 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$12,707
$30,000 to $48,000$14,040
$48,000 to $75,000$15,979
$75,000 to $110,000$21,848
Over $110,000$27,946
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 Gustavus Adolphus College.

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

March 15

  • Financial aid application (priority)

May 1

  • Financial aid application (regular)
  • Student must reply to financial aid offer

Campus Location

Similar Colleges

Augustana College
Rock Island, IL
DePauw University
Greencastle, IN
Luther College
Decorah, IA
Stonehill College
Easton, MA
Allegheny College
Meadville, PA
Gettysburg College
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Muhlenberg College
Allentown, PA
Susquehanna University
Selinsgrove, PA

Nearby Colleges

Nearby 4 year colleges within 100 mile radius of Gustavus Adolphus College.

Martin Luther College
24.8 mile away
St Olaf College
40 mile away
Crown College
40.3 mile away
Carleton College
41.4 mile away
Bethany Global University
43.9 mile away
Adler Graduate School
51.3 mile away