| Rank | School | Percent receiving need-based grants: | Average discount from total cost: |
| 1 | Amherst College Amherst, MA |
56.6% | 75% |
| 2 | Williams College Williamstown, MA |
52.2% | 72% |
| 3 | Wellesley College Wellesley, MA |
60.0% | 64% |
| 4 | Pomona College Claremont, CA |
53.6% | 65% |
| 5 | Swarthmore College Swarthmore, PA |
49.3% | 65% |
| 6 | Hamilton College Clinton, NY |
40.9% | 69% |
| 7 | Grinnell College Grinnell, IA |
63.1% | 59% |
| 8 | Bowdoin College Brunswick, ME |
43.1% | 64% |
| 9 | Claremont McKenna College Claremont, CA |
43.8% | 65% |
| 10 | University of Richmond Univ. of Richmond, VA |
45.6% | 66% |
| 11 | Vassar College Poughkeepsie, NY |
55.5% | 61% |
| 12 | Presbyterian College Clinton, SC |
67.6% | 65% |
| 13 | Smith College Northampton, MA |
59.6% | 58% |
| 14 | Virginia Military Institute Lexington, VA |
50.0% | 61% |
| 15 | Agnes Scott College Decatur, GA |
73.5% | 56% |
| 16 | Ripon College Ripon, WI |
83.9% | 51% |
| 17 | Haverford College Haverford, PA |
45.7% | 62% |
| 18 | Macalester College St. Paul, MN |
67.0% | 55% |
| 19 | Middlebury College Middlebury, VT |
49.3% | 56% |
| 20 | Wesleyan University Middletown, CT |
42.8% | 61% |
| 21 | Hanover College Hanover, IN |
76.4% | 53% |
| 22 | Wabash College Crawfordsville, IN |
79.1% | 46% |
| 23 | Trinity College Hartford, CT |
38.8% | 65% |
| 24 | Mount Holyoke College South Hadley, MA |
65.2% | 54% |
| 25 | Carleton College Northfield, MN |
55.9% | 53% |
| 26 | Centre College Danville, KY |
59.4% | 52% |
| 27 | Cornell College Mount Vernon, IA |
74.2% | 51% |
| 28 | Colgate University Hamilton, NY |
34.6% | 63% |
| 29 | Wofford College Spartanburg, SC |
51.8% | 59% |
| 30 | Bryn Mawr College Bryn Mawr, PA |
57.1% | 57% |
| 31 | Harvey Mudd College Claremont, CA |
53.5% | 56% |
| 32 | Bates College Lewiston, ME |
40.7% | 60% |
| 33 | Fisk University Nashville, TN |
87.9% | 39% |
| 34 | Beloit College Beloit, WI |
63.2% | 51% |
| 35 | Westminster College New Wilmington, PA |
82.7% | 48% |
| 36 | Scripps College Claremont, CA |
39.4% | 60% |
| 37 | Thomas Aquinas College Santa Paula, CA |
67.8% | 42% |
| 38 | Transylvania University Lexington, KY |
64.9% | 49% |
| 39 | Colby College Waterville, ME |
37.8% | 60% |
| 40 | Washington and Lee University Lexington, VA |
33.3% | 60% |
