by our College Data Analytics TeamA lot of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total cost of going to Mount St. Mary’s University can seem tremendous, but do not forget that almost all students are given some form of financial help.
What financing options does The Mount offer you, and what will you qualify for? Keep scrolling for more information. Keep scrolling to see how much school funding could be available to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. Read on to get a sense of the financial assistance available at Mount St. Mary’s University.
Through a mix of loans, grants, work-study and scholarships, schools bring down the effective cost so more students can attend. Keep in mind that certain forms of assistance are more beneficial than others, and aid amounts differ from student to student.
At Mount St. Mary’s University, 100% of new full-time first-years were awarded at least some aid roughly 479 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $40,619 |
| Institutional grants & scholarships | 100% | $31,611 |
| Federal Pell grants | 43% | $6,410 |
| State/local grants | 42% | $14,360 |
| Federal student loans | 57% | $5,299 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, some 92% of the undergraduate population received grant aid that averaged $36,591 (among about 1716 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 92% | $36,591 |
| Federal Pell grants | 31% | $6,107 |
| Federal student loans | 51% | $6,489 |
For on-campus title-IV students, average grant aid came to $41,076.
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 | $16,318 |
| $30,001 – $75,000 | $21,636 |
| Over $75,000 | $30,165 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
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 | $22,655 |
| Off-campus title-IV students | $24,987 |
For a personalized estimate based on your family’s financial situation, use The Mount’s net price calculator: msmary.edu/admissions/financial-aid/net-price-calculator.html.
The median federal debt load at The Mount comes to $15,000 of federal student loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,000 |
| Median federal debt (graduates only) | $25,391 |
| Typical 10-year monthly payment (graduates) | $269.19/mo |
That monthly figure reflects the median graduate debt repaid on a standard 10-year federal schedule.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at The Mount.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,000 |
| 25th percentile | $7,000 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,000 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $17,845 |
| Middle income | $15,000 |
| High income | $15,000 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,000 |
| Continuing-generation students | $14,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $22,286 |
These indicators are derived from the underlying debt data and summarize the overall picture at The Mount.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at The Mount:
| Metric | Value |
|---|---|
| Stafford loan recipients | 6602 |
| Total Stafford loan amount | $107,557,444 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 53 |
| Total GI Bill amount | $713,503 |
| Average GI Bill amount per recipient | $13,462 |
References
More about our data sources and methodologies.