by our College Data Analytics TeamA lot of students are not billed 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 sum total of attendance at St. Mary’s College of Maryland can sound overpowering, but remember that the majority of students get some type of financial assistance.
What financial aid options can SMCM offer you, and what will you qualify for? Keep reading for more information. Keep reading to find out how much school funding will be available 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 St. Mary’s College of Maryland.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
Looking at the entering class at St. Mary’s College of Maryland, 99% of new full-time first-years were awarded at least some aid roughly 437 first-years).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 98% | $11,398 |
| Institutional grants & scholarships | 97% | $7,861 |
| Federal Pell grants | 22% | $5,790 |
| State/local grants | 29% | $7,668 |
| Federal student loans | 46% | $5,104 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. Here, approximately 90% of undergraduate students received gift aid averaging $11,238 (for some 1420 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 90% | $11,238 |
| Federal Pell grants | 21% | $5,565 |
| Federal student loans | 43% | $6,133 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $13,424.
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 | $5,986 |
| $30,001 – $75,000 | $12,512 |
| Over $75,000 | $23,925 |
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 | $18,441 |
| Off-campus title-IV students | $18,362 |
For a personalized estimate based on your family’s financial situation, use SMCM’s net price tool: www.collegenpc.com/SMCM.
Graduating students at SMCM carry a median federal student debt of $17,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,000 |
| Median federal debt (graduates only) | $21,000 |
| Typical 10-year monthly payment (graduates) | $222.63/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
The median alone does not show how widely outcomes vary across the student body. These percentiles trace how cumulative federal debt is spread among borrowers at SMCM.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $8,250 |
| 75th percentile | $25,624 |
| 90th percentile (highest-debt students) | $27,454 |
Median debt varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $14,883 |
| Middle income | $16,750 |
| High income | $18,088 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,817 |
| Continuing-generation students | $17,342 |
Dependent vs Independent Students
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,550 |
| Independent students | $13,771 |
These indicators are derived from the underlying debt data and summarize the overall picture at SMCM.
Stafford loans are the federal government’s primary direct undergraduate lending program. Below is the annual Stafford program activity at SMCM:
| Metric | Value |
|---|---|
| Stafford loan recipients | 4238 |
| Total Stafford loan amount | $67,021,781 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 42 |
| Total GI Bill amount | $504,854 |
| Average GI Bill amount per recipient | $12,020 |
References
More about our data sources and methodologies.