$4,995

Avg. Federal Grant

$5,507

Avg. Federal Loan

$27,726,879

Total Aid Awarded

Mount Saint Mary College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

88%

Total Aid Amount Average Total Aid Awarded per year.

$27.727M

Financial Aid Official Website

www.msmc.edu/Student_Services/student_financial_services/Financial_Aid

It is interesting to note that almost every student at MSMC receives some kind of financial aid, while the total amount of provided assistance/loans in a year is $12,574,816. The total percentage of candidates applying to Mount Saint Mary College who receive the Federal Grant is 31%. On the other hand, 100% of the candidates get the Student Grant, 100% receive the Institution Grant, and 29% get the Pell Grant. While the Federal Grant awardees receive an average aid of $5,370, the State Grant receivers and Institution Grant beneficiaries get $3,215 and $17,465, respectively. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,794. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. At Mount Saint Mary College, the percentage of candidates who opt to avail of student loans is around 95%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

36%

State Grant Aid

41%

Institution Grant Aid

99%

Pell Grant

35%

Average Aid Awarded

Federal Grant Aid

$4,995

State Grant Aid

$3,353

Institution Grant Aid

$16,270

Pell Grant

$4,455

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$27,124

$30,001 - $48,000

$23,011

$48,001 - $75,000

$21,082

$75,001 - $110,000

$17,722

Over $110,000

$16,113

Student Loans for Mount Saint Mary College

Average Loan Amount Average Loan Amount received per year.

$8,031/Year

Students Taking Out Loans

79%

Loan Default Rate

5.1%

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