Mary Baldwin University Financial Aid and Scholarships
Students Receiving Aid
81%
Total Aid Amount
$15.719M
Financial Aid Official Website
https://marybaldwin.edu/financial-aid/
Among them are scholarship programs such as Bailey Scholarship, Baldwin Scholarship, and Opportunity Grant. It is interesting to note that, every year, around 99% of students at MBU receive some kind of financial aid, while the total amount of assistance/loans provided is $6,748,154. For additional information about financial assistance schemes, one can head over to MBU’s financial aid page at https://marybaldwin.edu/financial-aid/. Notably, a total of 64% of the applicants to Mary Baldwin University receive the Federal Grant every year. Meanwhile, 99% of the applicants receive the Student Grant and 98% are awarded the Institution Grant, while 64% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,344, while the same comes to $3,044 for State Grant receivers and $20,754 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,683. 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 $26,087 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 $26,704 and $24,453, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $22,959. And, for those with a family income of more than $110,000, the amount stands at $19,797. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At MBU, an estimated number of 80% of the applicants choose to go for student loans.
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