by our College Data Analytics TeamMany students attending College of Mount Saint Vincent can expect to receive financial assistance in various forms, such as scholarships, grants, loans, and work-study programs, making the cost of attendance more manageable.
Uncover the various financial aid options provided by Mount Saint Vincent and determine which ones you may be eligible for by continuing your exploration.
$30,444.00 is the typical College of Mount Saint Vincent’s first year financial aid package. About 100% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Financial aid helps decrease the expense, or the “sticker” price of the school. But keep in mind that the only real discounts off the cost of college are in the form of grants and scholarships.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from College of Mount Saint Vincent you may end up taking on.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The next numbers refer to grants and scholarships mainly supplied by the college itself.
100% of incoming freshmen (441 total) were given scholarships at College of Mount Saint Vincent, averaging $25,110.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
As well as scholarships, 100% of first-year students (441 total) got a federal grant, for about $3,980.00 per person.
The table shows scholarship and grant allocations by income for first-year students receiving any type of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 32.65% | $34,230.00 |
| Income 30k-48k | 15.65% | $33,832.00 |
| Income 48k-75k | 15.42% | $28,942.00 |
| Income 75k-110k | 8.62% | $27,134.00 |
| Income 110k + | 14.74% | $26,524.00 |
The table above shows students who are obtaining Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more here.
100% of the 441 undergraduates at College of Mount Saint Vincent receive some sort of grant aid. This is a total of about 441 students getting an average of $30,444.00 per person.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.