by our College Data Analytics TeamMany students attending Saint Mary’s College of California 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.
What amount of SMC financial assistance will actually be available to you?Get answers to your questions here.
$28,820.00 is the typical Saint Mary’s College of California’s first year financial aid package. A significant 100% of freshmen benefit from financial aid, with the main type being grants and scholarships.
Financial aid helps reduce the cost, or the full retail price of the college. However, be aware that the only true college discount is scholarships & grants.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from Saint Mary’s College of California you may end up taking on.
Institutional scholarships and grants refer to financial aid provided directly by a college or university to support students in covering their educational expenses. These awards can be either merit-based or need-based and do not require repayment. Merit-based institutional scholarships reward students who have demonstrated exceptional academic achievements, talents, or skills in specific areas. Such scholarships often take into account a student’s high school performance, standardized test scores, or extracurricular activities. On the other hand, need-based institutional grants are allocated to students who exhibit financial need. The amount awarded is usually determined by the student’s family’s financial circumstances and aims to cover the difference between the cost of attendance and the family’s capacity to pay. To assess eligibility for need-based grants, colleges and universities may use information from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms. Institutional scholarships and grants play a crucial role in assisting students, as they can considerably lower the cost of college and make higher education more attainable.
The stats below refer to aid that is provided by Saint Mary’s College of California.
100% of new students (488 total) were given scholarships at Saint Mary’s College of California, averaging $25,950.00 per student. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 20% of first years (96 total) were awarded federal grant aid, averaging $5,663.00 each.
The following table displays scholarship and grant allocations by family income for freshman students receiving any kind of federal Title IV assistance, such as Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 8.16% | $40,288.00 |
| Income 30k-48k | 3.47% | $39,006.00 |
| Income 48k-75k | 7.35% | $40,298.00 |
| Income 75k-110k | 10.20% | $35,362.00 |
| Income 110k + | 27.35% | $24,821.00 |
The table above displays students who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Get more info on Title IV here.
Of the 490 undergraduate students at Saint Mary’s College of California around 100% (488 total) receive some form of grant aid. The typical amount awarded was $28,820.00.
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.