$4,832

Avg. Federal Grant

$7,402

Avg. Federal Loan

$16,590,065

Total Aid Awarded

Mount St. Joseph University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$16.590M

Financial Aid Official Website

www.msj.edu/tuition-aid/financial-aid-grants-loans-scholarships/

Among them are scholarship programs such as Anthony Munoz Foundation Scholarship Fund, Dr. Allen Smith Memorial Scholarship, Education Foundation Scholarship, and Educational Assistance Commitment Grant. It is interesting to note that almost every student at MSJU receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $5,885,235. The total percentage of candidates applying to Mount Saint Joseph University who receive the Federal Grant is 42%. Meanwhile, 100% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 41% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,517, while the same comes to $4,051 for State Grant receivers and $17,655 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,620. 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. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Mount Saint Joseph University, the percentage of candidates who opt to avail of student loans is around 82%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

46%

State Grant Aid

26%

Institution Grant Aid

100%

Pell Grant

45%

Average Aid Awarded

Federal Grant Aid

$4,832

State Grant Aid

$3,522

Institution Grant Aid

$15,381

Pell Grant

$4,841

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$22,575

$30,001 - $48,000

$23,148

$48,001 - $75,000

$19,848

$75,001 - $110,000

$16,542

Over $110,000

$13,638

Student Loans for Mount St. Joseph University

Average Loan Amount Average Loan Amount received per year.

$8,891/Year

Students Taking Out Loans

88%

Loan Default Rate

7.7%