by our College Data Analytics TeamMany students attending University of Mary 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.
Curious about the financial aid opportunities at UMary and what you may be eligible for? Explore the answers here.
University of Mary average financial aid offer for freshmen students is $11,838.00. A significant 100% of freshmen benefit from financial aid, with the main type being 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.
Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at University of Mary.
Financial awards given by a college or university to its students, known as institutional scholarships and grants, help to offset the cost of tuition and other education-related expenses. These awards fall into two categories: merit-based and need-based, and they do not need to be paid back. Merit-based institutional scholarships are granted to students who have shown outstanding academic accomplishments, special talents, or abilities in a particular field. Factors such as high school performance, standardized test results, or involvement in extracurricular activities often contribute to these scholarship decisions. Conversely, need-based institutional grants cater to students who demonstrate financial need. The awarded amount is typically based on the student’s family’s financial standing and is intended to cover the difference between the cost of attendance and the family’s ability to contribute. Colleges and universities might use data from the Free Application for Federal Student Aid (FAFSA) or other financial aid forms to determine a student’s eligibility for need-based grants. Institutional scholarships and grants are a vital source of financial support for students, as they can significantly reduce the cost of attending college and help make higher education more accessible.
The following numbers apply to scholarships and grants largely offered by the school itself.
100% of new students (432 total) were offered scholarships at University of Mary, averaging $9,589.00 per person. This puts it the top 25th percentile among colleges and universities nationwide.
In addition to scholarships, 66% of first-year students (285 total) got federal grant aid, averaging $2,205.00 per person.
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 | 4.63% | $13,488.00 |
| Income 30k-48k | 5.56% | $14,594.00 |
| Income 48k-75k | 13.89% | $13,340.00 |
| Income 75k-110k | 17.82% | $12,135.00 |
| Income 110k + | 28.70% | $9,597.00 |
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 432 undergraduate students at University of Mary around 100% (432 total) receive some form of grant aid. The typical amount awarded was $11,838.00.
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.