$4,746

Avg. Federal Grant

$5,683

Avg. Federal Loan

$9,108,255

Total Aid Awarded

University of Saint Mary (USM) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

68%

Total Aid Amount Average Total Aid Awarded per year.

$9.108M

Financial Aid Official Website

www.stmary.edu/Admissions/Financial-Aid.aspx

The University of Saint Mary (USM) recognizes hard work, accomplishments, and dreams. To that end, USM offers Academic Merit scholarships, Athletic and Fine Arts talent awards, and Grants based on the needs of you and your family. There are also multiple specialty awards.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

40%

State Grant Aid

26%

Institution Grant Aid

99%

Pell Grant

40%

Average Aid Awarded

Federal Grant Aid

$4,746

State Grant Aid

$3,189

Institution Grant Aid

$16,403

Pell Grant

$4,464

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants. Institutional grants have the highest percentage contribution of 99% with an average aid amount being $16403.

Pell grants and Federal Grants have a percentage of 40% with an average aid amount of $4464 and $4746, respectively. State Grant Average aid would be $3189 with 26% aid percentage.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$19,022

$30,001 - $48,000

$23,163

$48,001 - $75,000

$19,477

$75,001 - $110,000

$17,843

Over $110,000

$17,273

As shown in the table, lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $19022 while those with family income over $110,000 can expect to receive an aid amount of $17273. This helps students who are coming from low income homes to pay for their degree.

Student Loans for University of Saint Mary (USM)

Average Loan Amount Average Loan Amount received per year.

$6,912/Year

Students Taking Out Loans

84%

Loan Default Rate

6.4%

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