Mount Aloysius College Financial Aid and Scholarships
Students Receiving Aid
62%
Total Aid Amount
$12.180M
Financial Aid Official Website
www.mtaloy.edu/financial-aid/
Among them are scholarship programs such as Biology Fellowship, Carnegie Dartlet $10,000 Scholarship, Community Service Scholarship for Multicultural Students, and English/Belltower Fellowship. Notably, 98% of the students at Mount Aloysius College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $6,806,823. At MAC, the total percentage of applicants who receive the Federal Grant stands at 45%. On the other hand, 98% of the candidates get the Student Grant, 96% receive the Institution Grant, and 45% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,800, while the same comes to $4,185 for State Grant receivers and $9,907 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $3,992. 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. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund 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 Mount Aloysius College, the percentage of candidates who opt to avail of student loans is around 83%.
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