$4,907

Avg. Federal Grant

$5,985

Avg. Federal Loan

$42,485,835

Total Aid Awarded

Mount St. Marys University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$42.486M

Financial Aid Official Website

www.msmary.edu/admissions/scholarships-aid/index.html

Such schemes include Carnegie Dartlet $10,000 Scholarship, Christa McAuliffe Scholarship, Community Service Scholarship for Multicultural Students, and Dean's Scholarship. Interestingly, almost all of the students at MSMU receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $7,179,531 in a year. The total percentage of candidates applying to Mount St. Mary's University who receive the Federal Grant is 27%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 27% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $4,696, while the same comes to $3,887 for State Grant receivers and $25,058 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,518. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. 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. Candidates are also required to repay these loans within a given period. Every year, around 69% of the applicants to Mount St. Mary's University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

31%

State Grant Aid

20%

Institution Grant Aid

100%

Pell Grant

31%

Average Aid Awarded

Federal Grant Aid

$4,907

State Grant Aid

$8,221

Institution Grant Aid

$23,756

Pell Grant

$4,559

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$35,383

$30,001 - $48,000

$28,471

$48,001 - $75,000

$27,221

$75,001 - $110,000

$24,245

Over $110,000

$23,836

Student Loans for Mount St. Marys University

Average Loan Amount Average Loan Amount received per year.

$8,964/Year

Students Taking Out Loans

73%

Loan Default Rate

N/A

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