by our College Data Analytics TeamMany 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 price tag of going to University of Mary can appear overpowering, but remember that the majority of students obtain some kind of financial assistance.
What financial aid options can UMary offer you, and what will you qualify for? Keep reading for more information. Keep reading 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. The information provided on this page can help you determine how much aid you may receive from University of Mary.
Financial assistance, available as scholarships, loans, and work-study, is a way schools lower the price of attendance so many students can enroll. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at University of Mary, 99% of first-time, full-time freshmen received some form of financial aid some 555 students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 99% | $13,601 |
| Institutional grants & scholarships | 95% | $11,884 |
| Federal Pell grants | 22% | $5,536 |
| State/local grants | 25% | $3,471 |
| Federal student loans | 54% | $5,122 |
Because grants and scholarships do not have to be repaid, they are the most sought-after type of financial aid. At UMary, some 83% of undergraduate students received gift aid averaging $13,370 (across approximately 2207 undergraduates).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 83% | $13,370 |
| Federal Pell grants | 21% | $5,365 |
| Federal student loans | 44% | $7,033 |
On-campus students receiving title-IV aid were awarded grants averaging $15,902.
Since aid is largely need-based, the real cost of attendance falls steeply for lower-income families.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $14,845 |
| $30,001 – $75,000 | $14,716 |
| Over $75,000 | $20,168 |
Each amount is the average cost remaining once grant aid is subtracted, by income band.
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 | $17,770 |
| Off-campus title-IV students | $18,568 |
For an estimate tailored to your family circumstances, see UMary’s NPC: www.umary.edu/financial-aid/net-price-calculator.php.
The median federal debt load at UMary comes to $18,750 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $18,750 |
| Median federal debt (graduates only) | $24,000 |
| Typical 10-year monthly payment (graduates) | $254.44/mo |
Under a standard ten-year plan, the median graduate’s monthly payment lands near the figure above.
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 UMary.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $6,500 |
| 75th percentile | $25,196 |
| 90th percentile (highest-debt students) | $31,000 |
Median debt varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $19,359 |
| Middle income | $18,404 |
| High income | $18,760 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,550 |
| Continuing-generation students | $19,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,500 |
| Independent students | $19,244 |
A handful of calculated indicators summarize the debt outlook at UMary.
Stafford loans make up the bulk of federal direct lending to undergraduates. These figures summarize annual Stafford program activity at UMary:
| Metric | Value |
|---|---|
| Stafford loan recipients | 10986 |
| Total Stafford loan amount | $251,645,913 |
Military-affiliated students can tap the Post-9/11 GI Bill and DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 85 |
| Total GI Bill amount | $846,607 |
| Average GI Bill amount per recipient | $9,960 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 32 |
| Total DoD amount | $91,000 |
| Average DoD amount per recipient | $2,844 |
References
More about our data sources and methodologies.