Financing Your Education

Financing a college education is a concern for most families; therefore, we are committed to assisting students and parents in finding the resources to make an affordable investment. Over 98 percent of Augustana's students receive merit and/or need-based financial assistance, with more than $41 million awarded last year in scholarships, grants, loans, and work study.

The average financial aid award for the Class of 2016 was $25,327. This included scholarships, grants, loans and campus employment. On average, new freshman received approximately $18,976 in gift assistance.

Augustana provides a for prospective students to project estimated costs after scholarships and grants. Estimate your out-of-pocket expenses to attend Augustana College by using the Net Price Calculator tool.

Augustana is a true educational value, representing an investment with significant lifetime returns. (See Why Augustana?) Many people are surprised at how low the net cost to attend Augustana can be, thanks to the following factors.

Institutional aid. The scholarships and grants that Augustana awards reduce your out-of-pocket costs. Ninety-five percent of Augustana students receive institutional gift aid that does not have to be repaid.
Other financial assistance. Sixty-seven percent of Augustana students qualify for federal loans and grants, and work-study jobs on campus also supplement our students’ financial aid packages.
Timely degree completion. Seventy-three percent of our 2012 graduates complete their degrees within four years. Timely graduation equals big savings. Consider not only the additional year of tuition, room, and board you will likely spend should you select a public university, but also consider the lost year of salary. Upon graduation, Augustana boasts a consistently high job placement rate.
Lighter debt load. As a result of these factors, Augustana students often graduate with total repayable loan amounts that are comparable to those of students attending public universities.