Cost of Attendance and Financial Aid
Tuition at Saint Benedict and Saint John's has risen faster than the average for all of Minnesota's private colleges in the last ten years, though it remains lower than both peer and aspirant liberal arts colleges. Since 2002-03, tuition and fees (before financial aid) at CSB/SJU have risen by 77%.
In 2010-11, more than three-quarters of all CSB and SJU students applied for need-based financial aid. The number of students applying for need-based aid has increased at both CSB and SJU in the last four years. In 2010-11, the average student seeking need-based financial aid was able to pay 38% of the total cost of attendance (inclusive of tuition, fees, room, board, and expenses) at CSB and 43% of the total cost of attendance at SJU. The percentage of the total cost of attendance students have been able to pay has declined slightly over the last 3 years at both CSB and SJU.
In fiscal year 2011, CSB/SJU students received more than $100 million in financial aid, including grants, loans, and work-study. Total financial aid awarded has more than doubled since 2001. Institutionally-awarded grant aid is the single largest source of assistance for Saint Benedict and Saint John's students, totaling nearly $60 million in 2011, and representing more than half of all financial aid awarded. Ten years earlier, institutional grants comprised only 45% of all aid received by Saint Benedict and Saint John's students. Together, institutional grants and student loans account for 84% of all financial aid awarded to CSB and SJU students (FY 2011).
Revenues and Expenditures
Like most other private colleges, Saint Benedict and Saint John's receive the majority of their operating income from student tuition. Tuition typically represents about 70% of budgeted operating income each year. Even though financial aid spending has increased significantly, both CSB and SJU have experienced substantial increases in net tuition revenue in the last decade. Between FY 2006 and FY 2011, total net tuition revenue per student at the colleges grew by 21%.
- Table 34: Cost of Attendance
- Table 35: Student Financial Aid Profile
- Table 36: Financial Aid Awarded by Source
- Table 37: Financial Aid Awarded Chart
- Table 38: College of Saint Benedict E&G Expense Structure
- Table 39: Saint John's University E&G Expense Structure
- Table 40: Net Undergraduate Tuition Income
- Table 41: Net Undergraduate Tuition Income Times Series
- Table 42: Staff Composition
- Table 43: Full-time and Part-time Staff
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