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 price tag of going to Mount Marty University can appear tremendous, but do not forget that almost all students obtain some kind of financial help.
What financial aid options can Mount Marty offer you, and what will you qualify for? Keep reading for more information. Read on 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. The figures below will help you estimate the aid you might receive from Mount Marty 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.
For freshmen starting at Mount Marty University, 99% of the incoming full-time class was awarded financial aid approximately 144 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 97% | $26,097 |
| Institutional grants & scholarships | 91% | $24,363 |
| Federal Pell grants | 29% | $5,498 |
| State/local grants | 16% | $7,164 |
| Federal student loans | 70% | $5,316 |
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 this school, about 60% of undergraduates were awarded grant or scholarship aid averaging $22,448 (across approximately 653 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $22,448 |
| Federal Pell grants | 22% | $5,577 |
| Federal student loans | 41% | $6,970 |
Title-IV recipients living on campus saw average grant aid of $26,020.
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 | $19,574 |
| $30,001 – $75,000 | $22,740 |
| Over $75,000 | $25,235 |
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 | $22,227 |
| Off-campus title-IV students | $23,295 |
To project your own net price, use Mount Marty’s official net price calculator: www.mountmarty.edu/tuition-and-aid/net-price-calculator/.
The median student at Mount Marty graduates with $14,750 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $14,750 |
| Median federal debt (graduates only) | $26,396 |
| Typical 10-year monthly payment (graduates) | $279.84/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at Mount Marty.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,491 |
| 25th percentile | $7,500 |
| 75th percentile | $28,750 |
| 90th percentile (highest-debt students) | $40,583 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,979 |
| Middle income | $14,232 |
| High income | $15,558 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,086 |
| Continuing-generation students | $15,558 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,000 |
| Independent students | $16,394 |
A handful of calculated indicators summarize the debt outlook at Mount Marty.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at Mount Marty:
| Metric | Value |
|---|---|
| Stafford loan recipients | 3972 |
| Total Stafford loan amount | $78,740,540 |
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 | 19 |
| Total GI Bill amount | $225,094 |
| Average GI Bill amount per recipient | $11,847 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.