Avg. Federal Grant


Avg. Federal Loan


Total Aid Awarded

Saint Martins University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.


Total Aid Amount Average Total Aid Awarded per year.


Financial Aid Official Website


It is interesting to note that, every year, around 98% of students at SMU receive some kind of financial aid, while the total amount of assistance/loans provided is $4,691,064. More information regarding the financial assistance schemes can be accessed on SMU’s official financial aid page at https://www.stmartin.edu/admissions-aid/financial-aid. At SMU, the total percentage of applicants who receive the Federal Grant stands at 40%. Meanwhile, 98% of the applicants receive the Student Grant and 97% are awarded the Institution Grant, while 40% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $4,990, the State Grant receivers and Institution Grant beneficiaries get $8,812 and $21,896, respectively. And, for the Pell Grant awardees, the average aid amount is $4,685. 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 $28,723 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 $32,280 and $27,674, respectively. Those with an annual income level of $75,001-$110,000 would receive $22,792, while candidates with more than $110,000 of family income receive an average federal aid of $19,831. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. At Saint Martin's University, the percentage of candidates who opt to avail of student loans is around 58%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Average Aid Awarded

Federal Grant Aid


State Grant Aid


Institution Grant Aid


Pell Grant


Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000


$30,001 - $48,000


$48,001 - $75,000


$75,001 - $110,000


Over $110,000


Student Loans for Saint Martins University

Average Loan Amount Average Loan Amount received per year.


Students Taking Out Loans


Loan Default Rate


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