Mount Saint Mary's University (MSMU) Financial Aid and Scholarships
Students Receiving Aid
86%
Total Aid Amount
$45.627M
Financial Aid Official Website
https://www.msmu.edu/academics/financial-aid/
Among them are scholarship programs such as AWA Scholarship Awards, CCNMA Scholarship, Cal Grant A, and Cal Grant B. Notably, almost all of the university students get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $9,874,337. For additional information about financial assistance schemes, one can head over to MSMU’s financial aid page at https://www.msmu.edu/academics/financial-aid/. At MSMU, the total percentage of applicants who receive the Federal Grant stands at 53%. In comparison, 100% of the students are awarded the Student Grant, 100% get the Institution Grant, and 53% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $5,313, the State Grant receivers and Institution Grant beneficiaries get $6,822 and $19,532, respectively. On the other hand, the average aid received by the Pell Grant awardees is $5,552. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Those with a family income below $30,000 per annum, would get an average federal aid of $26,561 in a year. The average aid amount stands at $25,859 for an annual family income between $30,001 and $48,000. This amount comes to $24,120 for those who fall under the $48,001-$75,000 family income bracket. Meanwhile, the average federal aid for students in the $75,001-$110,000 income bracket is $22,669. And, for those with a family income of more than $110,000, the amount stands at $17,025. 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 Saint Mary's University, the percentage of candidates who opt to avail of student loans is around 91%.
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