by our College Data Analytics TeamMany students are not billed the complete price tag of a school. Rather, they are presented a financial aid deal that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The sum total of attendance at Mount Saint Mary College can sound overwhelming, but bear in mind that many students get some type of financial aid.
Just what financial aid solutions can Mount Saint Mary deliver, and just what are you going to be eligible for? Keep reading for answers. Read on to discover just how much financial aid could be open to you.
How much aid you qualify for depends largely on your family’s financial circumstances. The figures below will help you estimate the aid you might receive from Mount Saint Mary College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
At Mount Saint Mary College, 99% of entering full-time freshmen got some type of financial assistance some 181 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $28,345 |
| Institutional grants & scholarships | 99% | $24,698 |
| Federal Pell grants | 36% | $5,835 |
| State/local grants | 38% | $3,592 |
| Federal student loans | 73% | $5,199 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At Mount Saint Mary, approximately 60% of the undergraduate population received grant aid that averaged $22,776 (for some 1145 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 60% | $22,776 |
| Federal Pell grants | 22% | $5,290 |
| Federal student loans | 45% | $7,056 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $29,492.
Because need-based aid scales with family income, what students actually pay differs sharply across income brackets.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,870 |
| $30,001 – $75,000 | $20,462 |
| Over $75,000 | $28,449 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $25,522 |
| Off-campus title-IV students | $23,736 |
To get a personalized net price estimate, try Mount Saint Mary’s NPC: npc.collegeboard.org/app/msmc.
The median federal debt load at Mount Saint Mary comes to $22,250 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $22,250 |
| Median federal debt (graduates only) | $26,007 |
| Typical 10-year monthly payment (graduates) | $275.72/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. These percentiles trace how cumulative federal debt is spread among borrowers at Mount Saint Mary.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,250 |
| 25th percentile | $9,166 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $37,500 |
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 | $21,334 |
| Middle income | $22,100 |
| High income | $22,543 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,499 |
| Continuing-generation students | $24,690 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $21,500 |
| Independent students | $24,525 |
A handful of calculated indicators summarize the debt outlook at Mount Saint Mary.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at Mount Saint Mary:
| Metric | Value |
|---|---|
| Stafford loan recipients | 9837 |
| Total Stafford loan amount | $211,537,977 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 14 |
| Total GI Bill amount | $275,486 |
| Average GI Bill amount per recipient | $19,678 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 3 |
| Total DoD amount | $8,917 |
| Average DoD amount per recipient | $2,972 |
References
More about our data sources and methodologies.