by our College Data Analytics TeamThe total cost of attendance at Mount St Mary’s University can seem overwhelming, but remember that the majority of students receive some sort of financial assistance. This could be in the form of scholarships, grants, work-study, or loans.
The amount of financial assistance and scholarships or grants you can get varies based on your circumstances. Keep reading to learn more to help you to know just how much aid and scholarships to expect from The Mount.
$29,764.00 is the typical Mount St Mary’s University’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.
Loans are included in the umbrella of ‘financial aid’, even so, the only true discount from the cost of college is a grant or scholarship that you don’t have to pay back.
A student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from Mount St Mary’s University you could end up dealing with.
Colleges and universities offer institutional scholarships and grants as financial assistance to help students cover tuition fees and other educational costs. These awards, which do not require repayment, can be merit-based or need-based. Merit-based institutional scholarships recognize students who have exceptional academic records, special talents, or skills in particular areas. Eligibility for these scholarships often depends on factors such as a student’s high school performance, standardized test scores, or involvement in extracurricular activities. In contrast, need-based institutional grants are designed for students who show financial need. The amount awarded usually depends on the student’s family’s financial condition and aims.
The stats below refer to aid that is provided by Mount St Mary’s University.
100% of new students (512 total) were given scholarships at Mount St Mary’s University, averaging $27,076.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 71% of first-year students (362 total) got federal grant aid, averaging $2,394.00 per person.
The following table shows scholarship and grant allocations by income for first-year students receiving any form of federal Title IV assistance, including Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 10.53% | $36,206.00 |
| Income 30k-48k | 6.63% | $30,933.00 |
| Income 48k-75k | 9.75% | $32,115.00 |
| Income 75k-110k | 13.45% | $29,750.00 |
| Income 110k + | 30.99% | $28,226.00 |
The table above displays undergrads who are obtaining Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
Of the 513 undergraduate students at Mount St Mary’s University around 100% (512 total) receive some form of grant aid. The typical amount awarded was $29,764.00.
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.