by our College Data Analytics TeamFinancial aid in the form of loans, grants, work-study, and scholarships is one way colleges reduce the cost of attendance so most students can actually afford to attend.
Curious about the financial aid opportunities at Saint Martin’s and what you may be eligible for? Explore the answers here.
$29,047.00 is the typical Saint Martin’s University’s first year financial aid package. About 99% of first year students receive financial aid, most of which is in the form of grants and scholarships.
Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.
Student debt should be thought of as an “outcome” rather than “aid”. Read more about student loan debt at Saint Martin’s University.
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 following numbers pertain to assistance that is supplied by Saint Martin’s University.
99% of incoming freshmen (330 total) were given scholarships at Saint Martin’s University, averaging $23,807.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 55% of freshman students (185 total) obtained federal grant aid, averaging $4,439.00 a piece.
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 | 16.72% | $34,978.00 |
| Income 30k-48k | 12.54% | $32,860.00 |
| Income 48k-75k | 15.22% | $31,569.00 |
| Income 75k-110k | 11.94% | $26,489.00 |
| Income 110k + | 18.81% | $24,719.00 |
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.
Of the 335 undergraduate students at Saint Martin’s University around 99% (331 total) receive some form of grant aid. The typical amount awarded was $29,047.00.
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.