by our College Data Analytics TeamA large number of students are not billed the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at Mount Mary University can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
What financing options does Mount Mary offer you, and what will you qualify for? Keep scrolling for more information. Keep reading to find out how much school funding will be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Use the information below to understand how much financial assistance you may get from Mount Mary University.
Financial aid, in the form of loans, grants, work-study, and scholarships, is one way colleges reduce the cost of attendance so most students can actually afford to attend. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Among first-time, full-time freshmen at Mount Mary University, 100% of new full-time first-years were awarded at least some aid some 171 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $28,897 |
| Institutional grants & scholarships | 100% | $21,243 |
| Federal Pell grants | 73% | $6,057 |
| State/local grants | 73% | $4,033 |
| Federal student loans | 71% | $5,067 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At Mount Mary, approximately 90% of undergrads got grants or scholarships worth on average $26,155 (for some 699 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $26,155 |
| Federal Pell grants | 59% | $5,752 |
| Federal student loans | 63% | $6,448 |
For on-campus title-IV students, average grant aid came to $29,126.
Need-based aid means lower-income families typically pay far less than the sticker price suggests.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $17,291 |
| $30,001 – $75,000 | $17,580 |
| Over $75,000 | $20,663 |
Remember these are net prices — what families pay after gift aid, not before.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $20,144 |
| Off-campus title-IV students | $18,295 |
For a customized cost estimate, visit Mount Mary’s net price tool: www.mtmary.edu/costs-aid/financial-aid/index.html.
Graduating students at Mount Mary carry a median federal student debt of $19,000 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,000 |
| Median federal debt (graduates only) | $25,288 |
| Typical 10-year monthly payment (graduates) | $268.09/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
A single median figure conceals how much debt outcomes differ student to student. The four reference points below map the debt distribution at Mount Mary.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,478 |
| 75th percentile | $31,000 |
| 90th percentile (highest-debt students) | $42,750 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $20,000 |
| Middle income | $17,500 |
| High income | $18,695 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,750 |
| Continuing-generation students | $21,109 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,500 |
| Independent students | $27,953 |
The Department of Education computes summary indicators that describe debt outcomes at a glance. Mount Mary.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Mount Mary:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6745 |
| Total Stafford loan amount | $204,807,533 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 3 |
| Total GI Bill amount | $62,370 |
| Average GI Bill amount per recipient | $20,790 |
References
More about our data sources and methodologies.