Financial Aid
Throughout its 150-year history, Gustavus has worked successfully with families of all economic circumstances to make the Gustavus experience accessible and affordable.
A Gustavus education is an investment that delivers significant value. The College is distinctive for its focus on interdisciplinary, undergraduate, residential education, and renowned internationally for its annual Nobel Conference. Ours is a friendly, close-knit campus, where open dialogue is supported. Gustavus students are active, can-do people. Eighty percent graduate in four years. Upon graduation, the vast majority are employed or enrolled in graduate school. Because they received an education rooted in values, alumni are inspired to contribute to their communities and families. They make their lives count.
The primary purpose of our financial aid program at Gustavus Adolphus College is to provide financial aid to students who, without such aid, would be unable to attend Gustavus. We are here to guide you through the process of applying for or renewing your financial aid. We stand ready to help fill in the gap when family resources do not meet our costs. Financial aid, in various combinations of scholarships, grants, loans, and student employment is available to help make it possible for you to be a Gustie.
The information in this site is provided to help students understand the financial aid process at Gustavus. You should always contact the Financial Aid Office if you have additional questions. You can submit your FAFSA as early as October 1. We encourage families to file the FAFSA and use the IRS data retrieval process to retrieve income information for the FAFSA.
Note: Minnesota State grants are not offered to students for fall semester if your FAFSA is filed later than October 6, 2021.
Federal School Code 002353
For information about federal student aid from the U.S. Department of Education’s office of Federal Student Aid, visit StudentAid.gov.
HEERF II--Federal CARES Grant
The Federal CARES Act has provided emergency grant money for students. These funds are meant to cover expenses related to the disruption of campus operations due to coronavirus, including eligible expenses under a student’s cost of attendance such as food, housing, course materials, technology, healthcare, and travel home from campus. These funds are available to eligible students who are enrolled as of March 5, 2021. These funds will be disbursed to eligible students on March 22, 2021. Eligible students and amounts are determined by your 2020-21 FAFSA. EFC of 0-5701=$1,300 grant; EFC of 5702-15530=$700 grant; EFC of 15531-20423=$245 grant.
HEERF III--Federal CARES Grant
The Federal CARES Act has provided emergency grant money for students. Gustavus has been notified that the College will receive funding under HEERF III. These funds have not arrived at Gustavus. The student grants will be determined when the funds arrive. We will update students when the funds are available.