by our College Data Analytics TeamThe majority of students will never be charged the advertised price of a school. Instead, they will be provided a financial aid package that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to University of Mount Saint Vincent can seem overwhelming, but bear in mind that many students are given some form of financial aid.
What financial aid options can Mount Saint Vincent offer, and what will you qualify for? Keep reading for more information. Keep reading to see what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Read on to get a sense of the financial assistance available at University of Mount Saint Vincent.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For freshmen starting at University of Mount Saint Vincent, 93% of entering full-time freshmen got some type of financial assistance around 451 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 93% | $31,362 |
| Institutional grants & scholarships | 79% | $28,761 |
| Federal Pell grants | 62% | $6,385 |
| State/local grants | 51% | $4,363 |
| Federal student loans | 62% | $6,721 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At Mount Saint Vincent, some 68% of undergraduates were awarded an average grant or scholarship of $27,963 (covering around 1638 awardees).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 68% | $27,963 |
| Federal Pell grants | 46% | $6,415 |
| Federal student loans | 53% | $6,490 |
For students living on campus and receiving title-IV aid, grants averaged $32,474.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $18,241 |
| $30,001 – $75,000 | $20,028 |
| Over $75,000 | $22,838 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
Net price is the cost remaining after grant and scholarship aid is subtracted from the sticker price, and it is the most useful single number for estimating real cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,696 |
| Off-campus title-IV students | $19,920 |
For an estimate tailored to your family circumstances, see Mount Saint Vincent’s online cost calculator: www.mountsaintvincent.edu/admission/financial-aid/net-price-calculator/.
A typical borrower at Mount Saint Vincent leaves with $18,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,500 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
A single median figure conceals how much debt outcomes differ student to student. These percentiles trace how cumulative federal debt is spread among borrowers at Mount Saint Vincent.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $9,500 |
| 75th percentile | $27,500 |
| 90th percentile (highest-debt students) | $36,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $18,000 |
| Middle income | $20,000 |
| High income | $17,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,750 |
| Continuing-generation students | $17,651 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,450 |
| Independent students | $19,000 |
These indicators are derived from the underlying debt data and summarize the overall picture at Mount Saint Vincent.
Most undergraduate borrowing runs through the federal Stafford loan program. Below is the annual Stafford program activity at Mount Saint Vincent:
| Metric | Value |
|---|---|
| Stafford loan recipients | 8719 |
| Total Stafford loan amount | $169,879,729 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 8 |
| Total GI Bill amount | $173,206 |
| Average GI Bill amount per recipient | $21,651 |
References
More about our data sources and methodologies.