$4,355

Avg. Federal Grant

$6,216

Avg. Federal Loan

$68,867,243

Total Aid Awarded

Saint Mary's College of California (SMC) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

92%

Total Aid Amount Average Total Aid Awarded per year.

$68.867M

Financial Aid Official Website

https://www.stmarys-ca.edu/financialaid

Such schemes include ASTA Northern California Chapter - Richard Epping Scholarship, AWA Scholarship Awards, CCNMA Scholarship, and Cal Grant A. It is interesting to note that, every year, around 99% of students at SMCC receive some kind of financial aid, while the total amount of assistance/loans provided is $13,922,118. More information regarding the financial assistance schemes can be accessed on SMCC’s official financial aid page at https://www.stmarys-ca.edu/financialaid. At SMCC, the total percentage of applicants who receive the Federal Grant stands at 25%. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 25% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,383, the State Grant receivers and Institution Grant beneficiaries get $8,215 and $26,870, respectively. And, for the Pell Grant awardees, the average aid amount is $4,422. 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. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $37,618 per year. The average aid amount stands at $39,778 for an annual family income between $30,001 and $48,000. This amount comes to $35,578 for those who fall under the $48,001-$75,000 family income bracket. Those with an annual income level of $75,001-$110,000 would receive $29,288, while candidates with more than $110,000 of family income receive an average federal aid of $22,811. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. Every year, around 83% of the applicants to Saint Mary's College of California opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

27%

State Grant Aid

26%

Institution Grant Aid

99%

Pell Grant

24%

Average Aid Awarded

Federal Grant Aid

$4,355

State Grant Aid

$8,578

Institution Grant Aid

$26,658

Pell Grant

$4,263

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$36,561

$30,001 - $48,000

$37,234

$48,001 - $75,000

$36,002

$75,001 - $110,000

$31,628

Over $110,000

$24,831

Student Loans for Saint Mary's College of California (SMC)

Average Loan Amount Average Loan Amount received per year.

$7,911/Year

Students Taking Out Loans

87%

Loan Default Rate

2.5%

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