by our College Data Analytics TeamA lot of students will never be charged 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 total price of attendance at Mount Saint Mary’s University can feel tremendous, but do not forget that almost all students receive some sort of financial help.
Just what financing solutions does MSMU deliver, and just what are you going to be eligible for? Keep scrolling for answers. Read on to see how much school funding could be available to you.
How much aid you qualify for depends largely on your family’s financial circumstances. Continue reading to find information to help you understand just how much assistance you can expect to receive from Mount Saint Mary’s University.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Note that some aid is more valuable than the rest, and individual awards are far from uniform.
Among first-time, full-time freshmen at Mount Saint Mary’s University, 100% of entering full-time freshmen got some type of financial assistance (about 447 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $39,218 |
| Institutional grants & scholarships | 100% | $28,269 |
| Federal Pell grants | 79% | $6,038 |
| State/local grants | 79% | $7,665 |
| Federal student loans | 77% | $5,135 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. At MSMU, about 90% of undergrads got grants or scholarships worth on average $33,781 (across approximately 1596 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $33,781 |
| Federal Pell grants | 57% | $6,169 |
| Federal student loans | 68% | $6,832 |
On-campus students receiving title-IV aid were awarded grants averaging $45,313.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,718 |
| $30,001 – $75,000 | $24,340 |
| Over $75,000 | $32,558 |
Each figure is the net price after grants and scholarships, not the published sticker price.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,413 |
| Off-campus title-IV students | $25,009 |
To get a personalized net price estimate, try MSMU’s net price tool: www.msmu.edu/admission–aid/financial-aid/undergraduate-students/net-price-calculator/.
The middle student in the debt distribution at MSMU owes $22,167 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $22,167 |
| Median federal debt (graduates only) | $25,949 |
| Typical 10-year monthly payment (graduates) | $275.1/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
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 MSMU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,902 |
| 25th percentile | $10,500 |
| 75th percentile | $30,033 |
| 90th percentile (highest-debt students) | $40,018 |
The figures below break down median federal debt by income tier, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $22,375 |
| Middle income | $23,250 |
| High income | $18,914 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $22,250 |
| Continuing-generation students | $20,683 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $22,250 |
| Independent students | $22,085 |
The figure below distills the debt data into a single burden category for MSMU.
Most undergraduate borrowing runs through the federal Stafford loan program. These figures summarize annual Stafford program activity at MSMU:
| Metric | Value |
|---|---|
| Stafford loan recipients | 14129 |
| Total Stafford loan amount | $379,950,068 |
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 | 22 |
| Total GI Bill amount | $409,599 |
| Average GI Bill amount per recipient | $18,618 |
References
More about our data sources and methodologies.