Understanding Mount St. Joseph University Tuition and Costs
Choosing a university is a significant decision, and understanding the costs involved is crucial. This article provides a detailed overview of the tuition, fees, financial aid options, and other expenses associated with attending Mount St. Joseph University.
Tuition and Fees
The sticker price, encompassing tuition and fees, provides an initial understanding of the cost of education. Mount St. Joseph University's tuition is $39,650, lower than the national average of $47,097. In 2020-2021, the average tuition and fees for undergraduates was $33,250 per year, comprising $32,100 for tuition and $1,150 for fees.
Comparison with Other Schools
Mount St. Joseph University is fairly expensive compared to other schools across the United States, with yearly out-of-state tuition and fees costs for undergrads at $33,250 in 2020-2021. It's important to note that Mount St. Joe does not give any in-state discounts.
Projected Costs
If costs continue to grow at the same rate, students will be charged $35,531 this school year. At this rate, the estimated total cost of tuition and fees for two years is $72,261, and $149,480 for four years.
Additional Expenses
Beyond tuition, students should budget for additional expenses such as room and board, books and supplies, transportation, and personal expenses. At Mount St. Joseph University, the total cost, including these expenses, is $52,090.
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Room and Board
In 2023, the average yearly cost of room and board at Mount St. Joseph University was $9,825. The cost of room and board increased by 1.29% between 2022 and 2023.
Books and Supplies
During the same period, the average yearly cost of books and supplies was $1,200. The cost of books and supplies did not change during the same period.
Net Price and Financial Aid
The net price represents the average cost of the university after aid and scholarship funds are discounted from the total cost. For the average student receiving need-based aid, the net price at Mount St. Joseph University is $22,319.
Average Net Price
In 2023, Mount St. Joseph University had an average net price of $15,887, which is the price paid after factoring in grants and loans. Between 2022 and 2023, the average net price of Mount St. Joseph University grew by 9.25%.
Financial Aid Availability
Mount Saint Joseph is committed to providing financial aid and academic/merit scholarships to qualified families. More than 50% of students receive financial aid. The Office of Student Financial Services provides financial aid support to students at the Mount. With a generous financial aid program, there’s a good chance Mount St. Joseph can cover some of the costs of your studies.
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Types of Financial Aid
Financial aid can include grants, loans, scholarships, and work-study jobs. Financial aid packages vary depending on your financial need. Most colleges determine financial need based on your FAFSA.
Grants and Scholarships
Grants and scholarships don’t need to be paid back. In 2023, 74% of undergraduate students at Mount St. Joseph University received financial aid through grants or loans. This represents a growth of 4.23% with respect to 2022, when 71% of undergraduate students received financial aid.
Mount St. Joseph University offers several levels of academic scholarships and awards to incoming students to recognize academic achievement. They do not require a separate application and are awarded on a rolling basis, typically beginning in November for the upcoming academic year. Eligible students will receive an offer for one academic scholarship or award.
Academic and Merit Scholarships
Mount Saint Joseph is pleased to award more than 20% of our students with academic or merit scholarships. Academic and merit scholarships are awarded annually to incoming freshmen based on academic promise and the results of the entrance exam. No application is necessary. Preference will be given to those students who select Mount Saint Joseph as their first choice.
Academic Scholarships
Students scoring in the top 10% -15% on the HSPT with exceptional grades throughout middle school are considered for academic awards such as:
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- Br. Dominic Academic Scholarship
- Br. Isidore Academic Scholarship
- Br. Joseph Sullivan Academic Scholarship
Merit Scholarships
Students with solid grades throughout middle school, above-average scores on the HSPT, and involvement in extracurricular activities (art, music, community service, and/or athletics) are eligible for consideration for the Br. Placidus Merit Scholarship.
Average Aid Package
In 2023, the average aid packages awarded was $38,552. Need-based scholarship or grant awards averaged $29,771, while need-based loan amounts averaged $4,600.
Financial Aid Statistics
- 77.45% of students receive financial aid.
- 99.59% of freshmen with need receive financial aid.
Need-Based Aid
Need-based aid is determined by your or your family’s demonstrated ability to pay for college, as calculated by the Free Application for Federal Student Aid, known as the FAFSA. The average need-based scholarship or grant awarded to first-year students at Mount St. Joseph University was $32,233. Additionally, 82% of first-year students received need-based financial aid in fall 2023.
Non-Need-Based Aid
Merit-based aid, also called non-need-based aid, is awarded for a specific talent or academic achievement. The average non-need-based scholarship or grant awarded to first-year students at Mount St. Joseph University - excluding any athletic scholarships, if applicable - was $24,328.
Meeting Financial Need
Mount St. Joseph University met 82% of its students’ financial aid need.
Student Loans and Debt
Understanding student loan debt is crucial for financial planning. At Mount St. Joseph University, the median federal loan debt among borrowers who completed their undergraduate degree is $26,827. The median monthly federal loan payment (if it were repaid over 10 years at 5.05% interest) for student federal loan borrowers who graduated is $284.
Additional Scholarship Opportunities
Besides the scholarships offered directly by Mount St. Joseph University, students can explore external scholarship opportunities.
GBC Scholarships
GBC chooses motivated students to receive tuition support of their elementary and secondary education. All GBC scholarship recipients and their parents enter into a binding contract, which includes a strong family support system. Each child is supported by a GBC member, who monitors the child’s grades, attendance, effort, and conduct, and encourages participation in extracurricular activities.
Foundation’s Young Scholars Program
The Foundation’s Young Scholars Program is designed to nurture exceptional students who have demonstrated, through academic excellence and extracurricular activities, that they have the potential to excel. Students apply for the program in 7th grade, enter the program in 8th grade, and continue through high school.
Daniel Rudd Scholarship Fund
The Daniel Rudd Scholarship Fund, administered by the Office and Board of African American Catholic Ministries in the Archdiocese of Baltimore, is open to low-income Catholic students residing in the metropolitan area of Baltimore and enrolled in a Catholic school within the Archdiocese of Baltimore.
Knott Scholarship Funds
The Knott Scholarship Funds provide merit-based, full-tuition scholarships for academically talented Catholic elementary and secondary school students. Awarded in the 4th grade for grades 5 through 8, or 8th grade for grades 9 through 12, scholarships are awarded to Catholic students in the Archdiocese of Baltimore who wish to attend a Catholic school. Knott College Scholarships are also available for the three Catholic universities in Maryland.
Maryland State Council of the Knights of Columbus Scholarships
The Maryland State Council of the Knights of Columbus is the sponsor of several high school scholarships for its members and for Catholic students in general.
Gary Lee Ryon Jr. and Theresa F. Scholarships
Sponsored by the Gary Lee Ryon Jr. Theresa F. Established to provide scholarships to students attending Catholic schools at all levels and grants to Catholic institutions and organizations helping those who require temporary financial assistance to support themselves and their families.
Factors Influencing Financial Aid
Several factors influence the amount of financial aid a student receives:
- Parents' annual adjusted gross income: Including wages, salaries, tips, business and farm income, and commissions.
- Total value of parents' combined assets: Including cash, investments, 529 plans owned by the parents, and real estate property.
- Student's annual adjusted gross income: Including wages, salaries, tips, business and farm income, and commissions.
- Total value of the student's combined assets: Including cash, investments, 529 plans owned by the student, and real estate property.
Admissions and Enrollment
Understanding the admissions process and enrollment statistics can provide context to the university's selectivity and student body composition.
Acceptance Rate
In 2023, Mount St. Joseph University received 2,169 undergraduate applications, which represents a 1.97% annual growth. Out of those 2,169 applicants, 1,226 students were accepted for enrollment, representing a 56.5% acceptance rate. This is higher than the acceptance rate of 2022, which was 54.3%. Between 2022 and 2023, the number of applicants grew by 1.97%, while admissions grew by 6.06%.
Enrollment Statistics
Mount St. Joseph University had a total enrollment of 2,083 students in 2023. The full-time enrollment at Mount St. Joseph University is 1,305 students and the part-time enrollment is 778. This means that 62.7% of students enrolled at Mount St. Joseph University are enrolled full-time.
Student Demographics
The enrolled student population at Mount St. Joseph University, both undergraduate and graduate, is 79.8% White, 9.12% Black or African American, 4.8% Two or More Races, 3.94% Hispanic or Latino, 0.816% Asian, and 0.048% Native Hawaiian or Other Pacific Islanders.
Students enrolled at Mount St. Joseph University in full-time Undergraduate programs are most commonly White Female (42%), followed by White Male (33.8%) and Black or African American Male (6.92%). Students enrolled in full-time Graduate programs are most commonly White Female (55.3%), followed by White Male (23.2%) and Black or African American Female (7.96%).
Academic Success and Outcomes
Graduation and retention rates are important indicators of student success.
Retention Rate
The retention rate for full-time undergraduates at Mount St. Joseph University was 76%. Compared with the full-time retention rate at similar Masters Colleges and Universities (74%), Mount St. Joseph University had a retention rate higher than its peers.
Graduation Rate
In 2023, 42% of students graduating from Mount St. Joseph University completed their program within 100% "normal time" (i.e. 4 years for a 4-year degree). Comparatively, 53% completed their degrees within 150% of the normal time, and 53% within 200%. The student demographic with the highest graduation rate in 2023 at Mount Saint Joseph University is Female and Hispanic or Latino (100% graduation rate).
Campus Resources and Support
Mount Saint Joseph is more than a school. When you commit to an education rooted in Xaverian values, you are investing in more than a college-preparatory academic program. You are investing in your son’s future. Here, he will build character and have ingrained in him values such as humility, simplicity, compassion, trust, and zeal. Here, he will create enduring personal relationships with his Mount brothers and the teachers who will support him throughout high school and beyond. He will grow as a student and as a world citizen, as The Mount prepares him to be a change-making member of his community.
Brothers for Life Network
When you invest in a Mount Saint Joseph education, you gain access to an invaluable network of successful alumni who are passionate about helping the next generations of Gael grads get a leg up in their future professions. Our Brothers for Life Network was created to aid in college and career mentorship between young alumni and alumni who are already established in their professions.
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