by our College Data Analytics TeamMost students won’t pay the advertised price of a school. Instead, they will be provided with a financial aid plan that includes a mix of scholarships, grants, loans, and work-study. But some kinds of aid are more desirable than others, and some students will get more than others.
However, some types of financial aid are definitely more desireable than others, and some students will receive more aid than others.Find out more by scrolling down the page.
St Mary’s College of Maryland average financial aid offer for freshmen students is $10,186.00. Financial aid is provided to about 96% of first-year students, with the bulk of support coming in the form of grants and scholarships.
Loans are a part of financial aid plans, but the only true college discount is a scholarship or grant that you don’t have to repay.
A loan is not a legitimate college discount, but rather an outcome to consider. See how much student loan debt from St Mary’s College of Maryland 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 following numbers pertain to assistance that is supplied by St Mary’s College of Maryland.
94% of incoming freshmen (302 total) were given scholarships at St Mary’s College of Maryland, averaging $7,729.00 per student. This puts it in the top 50th percentile among colleges and universities nationwide.
As well as scholarships, 22% of freshmen (71 total) received a federal grant, for about $5,265.00 a person.
The table below demonstrates scholarship and grant allocations by income level for freshmen receiving any type of federal Title IV assistance, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 10.31% | $24,209.00 |
| Income 30k-48k | 6.25% | $19,546.00 |
| Income 48k-75k | 6.56% | $15,310.00 |
| Income 75k-110k | 14.69% | $10,930.00 |
| Income 110k + | 39.38% | $6,053.00 |
The table above displays undergrads who are getting Title IV aid, federal aid from the government including loans, grants or work-study. Learn more here.
Of the 320 undergraduate students at St Mary’s College of Maryland around 96% (303 total) receive some form of grant aid. The typical amount awarded was $10,186.00.
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.