by our College Data Analytics TeamA large number of students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The total cost of going to Marymount Manhattan College can seem overpowering, but remember that the majority of students are given some form of financial assistance.
What financing options does MMC offer you, and what will you qualify for? Keep scrolling for more information. Keep going to see how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Use the information below to understand how much financial assistance you may get from Marymount Manhattan College.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at Marymount Manhattan College, 100% of entering full-time freshmen got some type of financial assistance around 492 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $27,348 |
| Institutional grants & scholarships | 100% | $24,432 |
| Federal Pell grants | 35% | $6,105 |
| State/local grants | 11% | $5,741 |
| Federal student loans | 87% | $5,682 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, about 88% of the undergraduate population received grant aid that averaged $24,165 (for some 1447 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 88% | $24,165 |
| Federal Pell grants | 28% | $5,979 |
| Federal student loans | 71% | $6,597 |
For students living on campus and receiving title-IV aid, grants averaged $28,906.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $29,236 |
| $30,001 – $75,000 | $30,553 |
| Over $75,000 | $42,411 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $36,861 |
| Off-campus title-IV students | $37,037 |
For a customized cost estimate, visit MMC’s online cost calculator: www.mmm.edu/offices/center-for-student-services/net-price-calculator/index.php.
A typical borrower at MMC leaves with $19,250 of cumulative federal debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,250 |
| Median federal debt (graduates only) | $25,750 |
| Typical 10-year monthly payment (graduates) | $272.99/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The percentiles below describe the cumulative federal debt distribution for borrowers at MMC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,250 |
| 25th percentile | $6,687 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $29,483 |
Median debt varies by family income, by first-generation status, and by dependency status.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $16,000 |
| Middle income | $19,500 |
| High income | $19,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,125 |
| Continuing-generation students | $19,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,625 |
| Independent students | $25,000 |
A handful of calculated indicators summarize the debt outlook at MMC.
Stafford loans are the federal government’s primary direct undergraduate lending program. These figures summarize annual Stafford program activity at MMC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7733 |
| Total Stafford loan amount | $126,609,305 |
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 | 16 |
| Total GI Bill amount | $379,309 |
| Average GI Bill amount per recipient | $23,707 |
References
More about our data sources and methodologies.