by our College Data Analytics TeamA lot of 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 price tag of going to St. Mary’s University can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial assistance options will St. Mary’s offer, and what will you qualify for? Read on for more information. Read on to discover what amount of financial assistance could be accessible to you.
The amount of financial aid you can receive varies from person to person and will depend on your family’s economic situation. Use the information below to understand how much financial assistance you may get from 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. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For freshmen starting at St. Mary’s University, 100% of first-time, full-time freshmen received some form of financial aid around 527 freshmen).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $27,464 |
| Institutional grants & scholarships | 98% | $22,507 |
| Federal Pell grants | 50% | $5,530 |
| State/local grants | 54% | $4,716 |
| Federal student loans | 57% | $5,480 |
Grants and scholarships are the most valuable form of aid because, unlike loans, they never have to be repaid. Here, about 86% of undergraduates were awarded grant or scholarship aid averaging $27,082 (across roughly 1844 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 86% | $27,082 |
| Federal Pell grants | 39% | $5,642 |
| Federal student loans | 46% | $6,707 |
On-campus students receiving title-IV aid were awarded grants averaging $26,854.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $19,808 |
| $30,001 – $75,000 | $19,804 |
| Over $75,000 | $23,301 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
Net price is the average annual cost after grants and scholarships are subtracted from the published cost of attendance — the figure closest to what a typical aid-receiving student actually pays.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,145 |
| Off-campus title-IV students | $21,352 |
For a personalized estimate based on your family’s financial situation, use St. Mary’s’s net price calculator: www.stmarytx.edu/admission/financial-aid/net-price-calculator/.
The median student at St. Mary’s graduates with $19,500 in federal loans.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $19,500 |
| Median federal debt (graduates only) | $25,563 |
| Typical 10-year monthly payment (graduates) | $271.01/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The median alone does not show how widely outcomes vary across the student body. The four reference points below map the debt distribution at St. Mary’s.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $9,146 |
| 75th percentile | $31,000 |
| 90th percentile (highest-debt students) | $44,302 |
How much a student borrows depends heavily on family income, first-gen status, and dependency.
Debt by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $19,500 |
| Middle income | $20,500 |
| High income | $18,500 |
First-Gen vs Continuing-Gen Median Debt
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $19,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,470 |
| Independent students | $25,000 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. St. Mary’s.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at St. Mary’s:
| Metric | Value |
|---|---|
| Stafford loan recipients | 17484 |
| Total Stafford loan amount | $672,304,298 |
GI Bill and DoD Tuition Assistance are the two federal aid programs targeted at military-affiliated students.
GI Bill volume
| Metric | Value |
|---|---|
| GI Bill recipients | 111 |
| Total GI Bill amount | $2,221,946 |
| Average GI Bill amount per recipient | $20,018 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 26 |
| Total DoD amount | $98,015 |
| Average DoD amount per recipient | $3,770 |
References
More about our data sources and methodologies.