$4,713

Avg. Federal Grant

$4,757

Avg. Federal Loan

$10,664,393

Total Aid Awarded

St. Mary of the Woods College (SMWC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

85%

Total Aid Amount Average Total Aid Awarded per year.

$10.664M

Financial Aid Official Website

www.smwc.edu/resources/financial-aid/

Among them are scholarship programs such as Alice Ann Garner Scholarship, Amy L. McKee-Everett Memorial Scholarship, Birds Eye Foods (Brooks Foods) Scholarship, and Blackford Agriculture Scholarship. It is interesting to note that almost every student at SMWC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $4,197,205. Notably, a total of 62% of the applicants to Saint Mary-of-the-Woods College receive the Federal Grant every year. Meanwhile, 100% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 60% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,042, while the same comes to $7,639 for State Grant receivers and $18,417 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $4,720. 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. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. At SMWC, an estimated number of 69% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

64%

State Grant Aid

67%

Institution Grant Aid

98%

Pell Grant

64%

Average Aid Awarded

Federal Grant Aid

$4,713

State Grant Aid

$7,482

Institution Grant Aid

$18,299

Pell Grant

$4,367

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$26,671

$30,001 - $48,000

$19,125

$48,001 - $75,000

$18,000

$75,001 - $110,000

$18,750

Over $110,000

N/A

Student Loans for St. Mary of the Woods College (SMWC)

Average Loan Amount Average Loan Amount received per year.

$5,192/Year

Students Taking Out Loans

70%

Loan Default Rate

5.2%

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