Marist College Financial Aid and Scholarships
Students Receiving Aid
78%
Total Aid Amount
$67.247M
Financial Aid Official Website
www.marist.edu/admission-financial-aid
Notably, 92% of the students at Marist College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $19,680,052. For additional information about financial assistance schemes, one can head over to MC’s financial aid page at http://www.marist.edu/admission-financial-aid. The total percentage of candidates applying to Marist College who receive the Federal Grant is 16%. Meanwhile, 90% of the applicants receive the Student Grant and 89% are awarded the Institution Grant, while 15% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,327, and the same stands at $4,568 for State Grant awardees and $17,305 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,611. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $29,177 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $24,319 and $21,253, respectively. Those with an annual income level of $75,001-$110,000 would receive $18,114, while candidates with more than $110,000 of family income receive an average federal aid of $12,324. 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 57% of the applicants to Marist College opt for student loans.
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