OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Marist College Financial Aid and Scholarships 2022

Marist College is a private university located in Poughkeepsie, NY. Marist College occupies a total area of about 240 acres. It was in 1929 when the Marist College was founded. Keeping the pursuit of research, innovation, and excellence at the center, Marist College has been imparting quality education to its students. The motto of the varsity is Orare et Laborare (Latin) and its official colors are red and white. The total enrolment stands at 6,657 students at Marist College. Around 5,824 and 9

$5,176

Avg. Federal Grant

$5,461

Avg. Federal Loan

$67,247,245

Total Aid Awarded

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Marist College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

78%

Total Aid Amount Average Total Aid Awarded per year.

$67.247M

Financial Aid Official Website

www.marist.edu/admission-financial-aid

Notably, 92% of the students at Marist College get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $19,680,052. For additional information about financial assistance schemes, one can head over to MC’s financial aid page at http://www.marist.edu/admission-financial-aid. The total percentage of candidates applying to Marist College who receive the Federal Grant is 16%. Meanwhile, 90% of the applicants receive the Student Grant and 89% are awarded the Institution Grant, while 15% of the students get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $5,327, and the same stands at $4,568 for State Grant awardees and $17,305 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,611. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. On average, students with an annual family income of less than $30,000 will obtain a federal aid of $29,177 per year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $24,319 and $21,253, respectively. Those with an annual income level of $75,001-$110,000 would receive $18,114, while candidates with more than $110,000 of family income receive an average federal aid of $12,324. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 57% of the applicants to Marist College opt for student loans.

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Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

15%

State Grant Aid

10%

Institution Grant Aid

90%

Pell Grant

15%

Average Aid Awarded

Federal Grant Aid

$5,176

State Grant Aid

$3,056

Institution Grant Aid

$15,538

Pell Grant

$4,571

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants , with federal grants having the highest percentage contribution of 15% with an average aid amount being $5176.

Pell grants have a percentage of 15% with an average aid amount of $4571 which is higher than the State grant aid average of $3056.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$29,663

$30,001 - $48,000

$25,030

$48,001 - $75,000

$21,735

$75,001 - $110,000

$19,681

Over $110,000

$13,429

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $29663 while those with family income over $110,000 can expect to receive an aid amount of $13429. This helps students who are coming from low-income homes to pay for their degree.

Student Loans for Marist College

Average Loan Amount Average Loan Amount received per year.

$9,569/Year

Students Taking Out Loans

59%

Loan Default Rate

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