by our College Data Analytics TeamMost 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 price of attendance at Sacred Heart Major Seminary can feel overwhelming, but bear in mind that many students receive some sort of financial aid.
What financial aid options can SHMS offer you, and what will you qualify for? Keep reading for more information. Read on to find out what amount of financial assistance will be accessible to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The information provided on this page can help you determine how much aid you may receive from Sacred Heart Major Seminary.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
For incoming first-year students at Sacred Heart Major Seminary, 100% of entering full-time freshmen got some type of financial assistance approximately 1 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $34,987 |
| Institutional grants & scholarships | 100% | $25,142 |
| Federal Pell grants | 100% | $5,445 |
| State/local grants | 100% | $4,000 |
| Federal student loans | 0% | — |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, roughly 61% of undergraduates were awarded grant or scholarship aid averaging $8,865 (among about 115 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 61% | $8,865 |
| Federal Pell grants | 7% | $4,905 |
| Federal student loans | 2% | $6,333 |
For students living on campus and receiving title-IV aid, grants averaged $29,999.
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 | $10,371 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
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 | $11,916 |
| Off-campus title-IV students | $11,231 |
To project your own net price, use SHMS’s online cost calculator: www.shms.edu/calc.
The median student at SHMS graduates with $7,500 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $7,500 |
These indicators are derived from the underlying debt data and summarize the overall picture at SHMS.
Stafford loans make up the bulk of federal direct lending to undergraduates. The aggregate figures below show how active the program is at SHMS:
| Metric | Value |
|---|---|
| Stafford loan recipients | 116 |
| Total Stafford loan amount | $2,227,945 |
The GI Bill and DoD Tuition Assistance are the main federal aid routes for veterans and service members.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 1 |
| Total GI Bill amount | $14,237 |
| Average GI Bill amount per recipient | $14,237 |
Active-duty Tuition Assistance recipients
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 0 |
| Total DoD amount | $0 |
References
More about our data sources and methodologies.