$5,128

Avg. Federal Grant

$5,288

Avg. Federal Loan

$29,355,589

Total Aid Awarded

College of Mount Saint Vincent Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

86%

Total Aid Amount Average Total Aid Awarded per year.

$29.356M

Financial Aid Official Website

https://www.mountsaintvincent.edu/admission/financial-aid

Notably, almost all of the college students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $12,377,067. The total percentage of candidates applying to College of Mount Saint Vincent who receive the Federal Grant is 60%. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 60% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,970, the State Grant receivers and Institution Grant beneficiaries get $4,175 and $24,501, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,053. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At College of Mount Saint Vincent, the percentage of candidates who opt to avail of student loans is around 77%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

60%

State Grant Aid

55%

Institution Grant Aid

100%

Pell Grant

60%

Average Aid Awarded

Federal Grant Aid

$5,128

State Grant Aid

$4,126

Institution Grant Aid

$22,235

Pell Grant

$4,938

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$31,801

$30,001 - $48,000

$28,740

$48,001 - $75,000

$27,029

$75,001 - $110,000

$24,217

Over $110,000

$23,079

Student Loans for College of Mount Saint Vincent

Average Loan Amount Average Loan Amount received per year.

$6,077/Year

Students Taking Out Loans

82%

Loan Default Rate

6.8%

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