$5,664

Avg. Federal Grant

$5,160

Avg. Federal Loan

$7,521,614

Total Aid Awarded

College of Saint Mary Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

85%

Total Aid Amount Average Total Aid Awarded per year.

$7.522M

Financial Aid Official Website

www.csm.edu/admissions/paying-college-tuition-and-financial-aid-information

It is interesting to note that almost every student at CSM receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $4,730,654. For additional information about financial assistance schemes, one can head over to CSM’s financial aid page at http://www.csm.edu/admissions/paying-college-tuition-and-financial-aid-information. Notably, a total of 38% of the applicants to College of Saint Mary receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 100% are awarded the Institution Grant, while 38% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,594, the State Grant receivers and Institution Grant beneficiaries get $1,200 and $13,498, respectively. And, for the Pell Grant awardees, the average aid amount is $4,728. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Students whose family income per annum is less than $30,000 will receive a federal aid of $22,417 on average in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $21,939 and $22,516, respectively. Those with an annual income level of $75,001-$110,000 would receive $19,921, while candidates with more than $110,000 of family income receive an average federal aid of $18,174. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 58% of the applicants to College of Saint Mary opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

29%

State Grant Aid

22%

Institution Grant Aid

97%

Pell Grant

29%

Average Aid Awarded

Federal Grant Aid

$5,664

State Grant Aid

$1,200

Institution Grant Aid

$13,150

Pell Grant

$4,716

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$21,447

$30,001 - $48,000

$21,046

$48,001 - $75,000

$18,622

$75,001 - $110,000

$9,508

Over $110,000

$9,496

Student Loans for College of Saint Mary

Average Loan Amount Average Loan Amount received per year.

$5,829/Year

Students Taking Out Loans

50%

Loan Default Rate

6.3%

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