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.
Discover the financial aid possibilities at St. Mary’s and learn what assistance you might qualify for by continuing to read.
$23,923.00 is the typical St. Mary’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.
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 student loan isn’t a genuine college price reduction, but rather an additional cost consideration. Discover how much student loan debt from St. Mary’s University you could end up dealing with.
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 St. Mary’s University.
98% of first-year students (534 total) were offered scholarships at St. Mary’s University, averaging $19,098.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 48% of first years (262 total) were awarded federal grant aid, averaging $5,567.00 each.
The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 21.32% | $26,700.00 |
| Income 30k-48k | 15.62% | $25,769.00 |
| Income 48k-75k | 15.07% | $22,275.00 |
| Income 75k-110k | 10.29% | $21,095.00 |
| Income 110k + | 12.13% | $19,648.00 |
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.
535 St. Mary’s undergrads obtain grant aid (this is about 99% of the entire undergraduate student population). The average amount these students receive is $23,923.00.
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.