Mount Saint Mary College Financial Aid and Scholarships
Students Receiving Aid
88%
Total Aid Amount
$27.727M
Financial Aid Official Website
www.msmc.edu/Student_Services/student_financial_services/Financial_Aid
It is interesting to note that almost every student at MSMC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $12,574,816. The total percentage of candidates applying to Mount Saint Mary College who receive the Federal Grant is 31%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 29% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,370, the State Grant receivers and Institution Grant beneficiaries get $3,215 and $17,465, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,794. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Mount Saint Mary College, the percentage of candidates who opt to avail of student loans is around 95%.
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