On Nov. 14th, I wrote:
> I did not see an average aid award listed on that page,  but a very rough
> look at the operating budget leads me guess it would be in a similar ballpark
> with MIT number.

William Findley '99 had more precise data.  It does looks like the average
aid award is in the same ballpark (but larger at Caltech).  Will also
includes information on average cummulative debt, which is interesting.

							Andre'



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From: 	William Findley[SMTP:findley@its.caltech.edu]
Subject: 	Re: on financial aid

These are the stats that I have on fin aid from both MIT and Caltech.

(This is for the '98-'99 year)

					Caltech		MIT

% recieving need-based grants		57%		50%
avg. cost after recieving grants	$16,615		$20,023
average discount from total cost	44%		40%

I also have information regarding the average debt load for the graduating
class of '98.  This includes any loans taken out by the student, but not
by the parents.  The average amount of debt indicated is the average
amount of debt of only those students who graduated with debt.  Thus, the
average doesn't include those graduating debt free.

					Caltech		MIT

% grads with debt			59%		70%
average amount of debt			$9,333		$21,617
rank (average amount of debt)		3rd least	7th most	

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