$4,119

Avg. Federal Grant

$5,333

Avg. Federal Loan

$36,374,569

Total Aid Awarded

Maryville University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

75%

Total Aid Amount Average Total Aid Awarded per year.

$36.375M

Financial Aid Official Website

www.maryville.edu/admissions/finaid/

Notably, 99% of the students at Maryville University of Saint Louis get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $14,954,264. One can visit MUSL's financial aid page at http://www.maryville.edu/admissions/finaid/ for more information. At MUSL, the total percentage of applicants who receive the Federal Grant stands at 28%. Meanwhile, 99% of the applicants receive the Student Grant and 98% are awarded the Institution Grant, while 28% of the students get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,455, the State Grant receivers and Institution Grant beneficiaries get $2,007 and $16,690, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,113. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $25,312 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $22,633 and $20,830, respectively. On the other hand, the average federal aid stands at $16,856 for those with an annual family income between $75,001 and $110,000, and at $16,259 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. 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 60% of the applicants to Maryville University of Saint Louis opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

35%

State Grant Aid

25%

Institution Grant Aid

99%

Pell Grant

27%

Average Aid Awarded

Federal Grant Aid

$4,119

State Grant Aid

$1,964

Institution Grant Aid

$16,839

Pell Grant

$4,764

The average amount of student loan that you can receive will be around $7,119. Almost 51% of students apply for loans every year. You might have less reasons to worry about as the default rate is just 2.7%. The federal loan on the other hand amounts to $5,333 and serves 75% candidates.

The federal grant is also an option for you if you meet the eligibility criteria. 35% students are offered such grants about an amount of $4,119. The PELL Grants average amount is $4,764 received by 27% students.

In addition to these, the state grants also cover up the expenses of 25% students and the average of it is $1,964. You might depend upon the institutional scholarships and grants as almost 99% students get hold of them. The university spends a sum of $36,374,569 on financial aid.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$25,713

$30,001 - $48,000

$24,157

$48,001 - $75,000

$21,409

$75,001 - $110,000

$15,985

Over $110,000

$15,408

If we try to perceive the amount of financial aid that you may receive in terms of your family income, we get the following data.

You might expect to get a sum of $25,713 as a financial aid given your family income is below $30,000. The sum might further get lowered for a family income between $30,001 - $48,000 and be $24,157. A slight change would occur as we move to the family income bracket of $48,001 to $75,000. The financial aid amount would now be $21,409.

The expected amount of financial aid can be $15,985 if you belong to an income category of $48,001 to $75,000. The figure might further go down to $15,408 for income higher than $110,000.

Student Loans for Maryville University

Average Loan Amount Average Loan Amount received per year.

$7,119/Year

Students Taking Out Loans

51%

Loan Default Rate

2.7%

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