$5,203

Avg. Federal Grant

$5,044

Avg. Federal Loan

$12,748,027

Total Aid Awarded

Mount Mary University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$12.748M

Financial Aid Official Website

www.mtmary.edu/costs-aid/index.html

Notably, 99% of the students at Mount Mary University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $3,663,033. More information regarding the financial assistance schemes can be accessed on MMU’s official financial aid page at http://www.mtmary.edu/costs-aid/index.html. At MMU, the total percentage of applicants who receive the Federal Grant stands at 77%. Meanwhile, 99% of the applicants receive the Student Grant and 99% are awarded the Institution Grant, while 77% of the students get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,323, while the same comes to $3,394 for State Grant receivers and $16,397 for Institution Grant awardees. And, for the Pell Grant awardees, the average aid amount is $4,797. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Students whose family income per annum is less than $30,000 will receive a federal aid of $27,514 on average in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $27,375, while those falling in the $48,001-$75,000 income category get $21,905 a year. On the other hand, the average federal aid stands at $19,972 for those with an annual family income between $75,001 and $110,000, and at $13,789 for an income more than $110,000. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. Candidates are also required to repay these loans within a given period. At Mount Mary University, the percentage of candidates who opt to avail of student loans is around 85%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

78%

State Grant Aid

76%

Institution Grant Aid

100%

Pell Grant

78%

Average Aid Awarded

Federal Grant Aid

$5,203

State Grant Aid

$3,234

Institution Grant Aid

$17,213

Pell Grant

$5,056

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$26,275

$30,001 - $48,000

$24,212

$48,001 - $75,000

$20,941

$75,001 - $110,000

$19,332

Over $110,000

$21,742

Student Loans for Mount Mary University

Average Loan Amount Average Loan Amount received per year.

$5,467/Year

Students Taking Out Loans

81%

Loan Default Rate

5.6%

Minumum Credit ScoreApply in as little asVariable APRFixed APR
Discover Student LoansNot Available15 minutes or less2.954.74 View disclosures
Credible6202 minutes5.38%-16.99%14.43%-16.99%1 View disclosures
Sallie MaeNot Available15 minutes1.13% - 11.23%¹ (with autopay)3.50% - 12.60%¹ (with autopay) View disclosures

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