Saint Marys College Financial Aid and Scholarships
Students Receiving Aid
96%
Total Aid Amount
$39.897M
Financial Aid Official Website
www.saintmarys.edu/tuition
Among them are scholarship programs such as ASTA Northern California Chapter - Richard Epping Scholarship, AWA Scholarship Awards, CCNMA Scholarship, and Cal Grant A. Interestingly, almost all of the students at SMC receive some sort of financial aid, and the total amount of assistance/loans provided totals more than $9,717,497 in a year. For additional information about financial assistance schemes, one can head over to SMC’s financial aid page at https://www.stmarys-ca.edu/financialaid. At SMC, the total percentage of applicants who receive the Federal Grant stands at 28%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 28% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,244, and the same stands at $6,757 for State Grant awardees and $27,350 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,488. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $37,618 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $39,778 and $35,578, respectively. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $29,288. And, for those with a family income of more than $110,000, the amount stands at $22,811. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Saint Mary's College, the percentage of candidates who opt to avail of student loans is around 67%.
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