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28.4%Acceptance
$64,908Tuition
2,131Students
90%Grad Rate (6-yr)
$63,878Earnings
#6 in MinnesotaPrivate nonprofit4-yearSAT/ACT Test OptionalLiberal ArtsNCAA Division IIIStudy AbroadData: 2023-24Presbyterian Church (USA)
Return on Investment: Good

At $29,980/yr net price, Macalester College graduates earn $63,878/yr within 10 years of enrollment, which is $29,878/yr above the median for high school graduates.

Cost vs. Outcomes

Return on investment data for Macalester College
Metric Value
Average Net Price (per year) $29,980
Estimated 4-Year Cost $119,920
Median Earnings (10yr post-entry) $63,878/yr
Earnings Premium vs. HS Diploma +$29,878/yr
Estimated Break-Even 4 years
Graduation Rate (6-year) 90.4%
Median Debt at Graduation $23,000

What You'll Actually Pay

Average net price by family income

Net price by family income for Macalester College
Family Income Estimated Net Price
$0 - $30,000 $12,877/yr
$30,001 - $48,000 $11,441/yr
$48,001 - $75,000 $13,050/yr
$75,001 - $110,000 $26,584/yr
$110,001+ $43,253/yr

Earnings by Major

Top programs ranked by median earnings

Earnings and debt by program at Macalester College
Program Level Median Earnings Median Debt
Computer and Information Sciences, General. Bachelor $71,575 $21,500
Economics. Bachelor $64,493 $24,000
Mathematics. Bachelor $52,107 $23,745
Political Science and Government. Bachelor $35,274 $23,118
International/Global Studies. Bachelor $34,526 $23,324
Intercultural/Multicultural and Diversity Studies. Bachelor $33,993
Education, General. Bachelor $33,281
Geography and Cartography. Bachelor $32,569 $19,049
Psychology, General. Bachelor $31,133
Chemistry. Bachelor $29,685

The Risk Factor

Completion Risk: Low Risk

90.4% of students at Macalester College graduate within 6 years. Most students who start here finish their degree.

Analysis

Macalester's financial return is mixed, and where you land depends almost entirely on your major. The 90% graduation rate and 95% retention mean you're very likely to finish, and median debt sits around $23,000, which is manageable against a $63,878 median salary. But that median hides a wide gap between the majors that pay and the ones that don't.

Computer and Information Sciences is the clear winner here, paying over $71,000 while carrying the lowest debt of any listed program. Economics follows close behind. If you're drawn to either, the numbers work in your favor. Math lands in the middle. The problem shows up with Political Science and International/Global Studies, both of which pay in the mid-$30,000s while students carry roughly the same $23,000 in debt as economics majors earning nearly double. Same price, half the payoff. Macalester leans toward international and political programs by reputation, so this is a real risk: the school's signature fields are also its weakest financial bets.

The net price tiers reward lower-income families sharply. If your family earns under $75,000, you pay between $11,441 and $13,050 a year. Above $75,000, that jumps to $26,584, and above $110,000 it more than triples to $43,253. Aid falls off a cliff once you cross into higher-income brackets.

Macalester is a strong financial fit for you if you qualify for the lower price tiers and plan to major in a quantitative or computing field. It's a weaker bet if your family earns over $110,000 and you're set on political science or global studies, where you'd pay the full $43,253 a year for a degree that returns mid-$30,000 salaries. Match the major to the price you're actually paying before committing.

Frequently Asked Questions

Is Macalester College worth the cost?

Macalester graduates earn $63,878 ten years after graduation with median debt of $23,000, making it a reasonable investment for most students. The school's 90% graduation rate and strong financial aid that brings costs down to $30,000 annually help justify the expense.

What are the highest paying majors at Macalester College?

Computer science majors at Macalester earn $71,575 after graduation, followed by economics at $64,493. Political science and international studies majors earn significantly less at $35,274 and $34,526 respectively, which may not justify the cost for those fields.

How much debt do Macalester College graduates typically have?

Macalester graduates have a median debt of $23,000, which is manageable given the school's graduate earnings. This debt level is below the national average and allows most graduates to service their loans without financial hardship.

Does Macalester College provide good financial aid?

Macalester's net price of $29,980 after aid is competitive for a private liberal arts college. The school meets demonstrated need for most students, though families should expect significant costs even with aid packages.