Understanding Mount Saint Mary College Tuition and Fees
A college education represents a significant investment, and understanding the costs involved is crucial for students and their families. Mount Saint Mary College is committed to providing quality education and assisting students in achieving their academic aspirations. This article provides a detailed overview of the tuition, fees, and financial aid options available at Mount Saint Mary College.
Tuition and Fees: An Overview
Mount St. Mary College's tuition is $45,630, which is less than the national average cost of tuition of $47,097. These figures include both tuition and fees, also referred to as the sticker price. Fees differ by institution and may fund library services, student gym facilities, student centers, technology resources and campus health centers. Tuition for regular, full-time students includes academic instruction, lectures, laboratories, and student and academic support services. Fall and spring semester full-time tuition charges entitle students to enroll for no fewer than 12 or no more than 16 semester hours. Semester hours beginning with the 17th will be billed at a supplemental tuition charge.
Additional Expenses
Beyond tuition and fees, students should also budget for other expenses such as books and supplies, personal costs, and transportation. The estimated expenses per year for books and supplies is $1,522; estimated expenses per year for personal costs (spending money, laundry and incidental needs) is $1,086. The estimated costs per year for commuter transportation is $1,196 and $598 for a resident student.
Total Cost vs. Net Price
As you’re comparing costs of different institutions, also consider the total cost and the net price. At Mount St. Mary College, the total cost is $66,046. The net price is the average cost of the university after aid and scholarship funds are discounted from the total cost, which comes in at $41,274 for the average student receiving need-based aid.
Financial Aid Opportunities
Helping students and their families afford higher education is a top priority. Most of our students receive some form of financial aid, so the cost of tuition may be significantly lower depending on your academic achievements and financial need. Financial aid refers to funding that students can use to pay for college and is generally awarded based on need or merit.
Read also: Mount Union Affordability
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.
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 (FAFSA). The average need-based scholarship or grant awarded to first-year students at Mount St. Mary College was $28,647. Additionally, 82% of first-year students received need-based financial aid. Need-based self-help aid includes federal loans and work-study. The average need-based self-help aid awarded to first-year students was $2,906.
Merit-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. Mary College - excluding any athletic scholarships, if applicable - was $21,836.
The FAFSA and Net Price Calculator
To be considered for all financial aid, you need to submit the Free Application for Federal Student Aid (FAFSA). This form will determine your eligibility for federal, state, and institutional grants, loans, and work study. The Net Price Calculator provides an overview of scholarships and financial aid you may qualify to receive and calculates an estimate of the annual costs to attend Mount Mary.
Scholarships and Grants
Scholarships and grants don’t need to be paid back. Scholarships are a type of funding that you don’t need to pay back. Need-based scholarships take a student’s financial status into account. Merit-based scholarships are awarded to students for academic or athletic achievement. You might also qualify for a scholarship based on your community service involvement, unique hobbies or traits, your personal background, or a parent’s employer or military affiliation. Some students receive enough in scholarship money to cover their tuition and living expenses.
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Student Employment
Working while in school can help lessen the burden of your student loans. Schools offer work-study programs to those who qualify and campus jobs to students looking to earn money in their free time. Some institutions match students with work-study positions, while others require them apply to the positions, like they would for any other job. Explore open on-campus student jobs through MyMountMary (under the Finances tab, select Student Worker Positions).
Payment Options and Policies
Tuition and fees are due one-week before the semester or session begins. Checks should be made payable to Mount Saint Mary College. Visa, Discover, AMEX, and MasterCard are accepted. Students who prefer to pay tuition and expenses on a monthly basis may enroll in the monthly payment plan each fall and spring semester. Account balances not satisfied by the due date are subject to a late payment fee. Students may not register for classes with an outstanding balance.
Deposits
Newly admitted students are encouraged to make their deposits before April 15 (or within a month of acceptance) if the acceptance date is after April 15. Your tuition deposit payment should be made via cash, check or through Transact Payments. **Tuition deposit non-refundable after December 15 for spring term and May 1 for fall term.
Housing and Meal Plans
Mount Saint Mary College offers a range of housing and meal plans. Mount Mary’s residence halls, Caroline Hall and Trinity Woods (for single mothers with children 11 or under and select graduate students), offer a variety of room options and other amenities. *Residents in Caroline Hall are required to have a meal plan unless an accommodation is approved. **Commuter meal plans are available for purchase through MMU food service provider. Commute to school but still want a plan? Available upon request, via the web, with no outstanding financial obligations to the university.
Triple Room Discount
Any first-year student occupying a triple room by October 1, and not offered the option to relocate to a double room, will have a $500 semester discount applied to room fees for that term. A portion of a first-time resident student’s housing deposit ($100) is withheld to offset any dorm damage charges.
Read also: History of the Former College
Program-Specific Fees and Discounts
Mount Saint Mary College offers several program-specific fees and discounts:
Nursing Fees: Nursing Lab Fee is applicable when nursing students attend the following core courses: NUR-2024 and NUR-2044. Nursing Practicum Fee is applicable when nursing students attend the following core courses: NUR-5230, NUR-5401, NUR-6220, NUR-6230, NUR-6281, NUR-6291, NUR-6150, NUR-6160, NUR-6350.
Online Programs: RN to BS Online and MBA Fully Online program majors receive reduced per credit tuition billing for online courses.
5-Year Education Programs: 5-Year Education majors - BA/MSed track have the option to receive the alumni discount for graduate courses or to extend institutional aid (excluding the MSMC Grant) to the fall and spring terms of their 5th year (9th & 10th semesters), if attending full-time or student teaching. 4+1 BS/MBA and BA/MBA majors are not eligible for institutional aid in the fall and spring terms of their 5th year (9th & 10th semesters), as their traditional undergraduate degree is conferred at the conclusion of their 4th year.
Alumni Discount: Students who earned a bachelor's or master's degree from the Mount (with the exception of 5-year bachelor's/master's degree scholarship students) may receive a 25% reduction to graduate tuition! Full-time teachers at Catholic schools are offered a 50% tuition reduction.
Withdrawal and Refund Policies
A student withdrawing from the Mount must complete the withdrawal from MSMC form located on the MSMC student portal. *Institutional charges include any tuition, fees, room and board. Resident students, exiting college housing, receive a prorated room/board credit in conjunction with their tuition/fee refund. Dropping a course is the student’s responsibility. Whether entirely withdrawing from the college or dropping an individual course(s), the student must provide written notice to the Registrar. The date of the withdrawal is determined by the date the request if received in the Registrar’s Office. Students residing on campus must attend full-time. Traditional resident students enrolled in less than 12-credits must receive permission from Residence Life to remain in housing. The date a student completes the dorm checkout process determines the housing exit date.
Student Loan Debt
How much student loan debt you accumulate can affect your financial life long after college ends. Ideally, your total student loan debt should fall below your anticipated starting salary once you graduate. At Mount St. Mary College, the median federal loan debt among borrowers who completed their undergraduate degree is $26,007. 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 $276. Additionally, 27% of graduating students at Mount St. Mary College took out private loans. Students with private loans had an average of $56,042 in private loan debt at graduation. Average Total Indebtedness of 2024 Graduating Class $42,827. Graduating students who have borrowed (any loan type, 2024) 77%.
Additional Resources
- Campus Store: Books and supplies are available for purchase at the Campus Store.
- Financial Aid Office: Contact the Financial Aid Office, (414) 930-3044, to learn about your financial aid and scholarship options.
- Business Office: For questions about tuition and fees, please contact the Business Office, (414) 930-3033.
- Registrar Office: Mount Mary University Registrar Office will provide official transcripts as an immediate service in person at a cost of $15 each. Please order all transcripts via the web.
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