Whether you’re a prospective or current student in the Mount’s Weekend College program to earn your bachelor’s degree, these are the types of financial support programs you can expect to apply for during your aid process.
Not every student qualifies for financial aid, or for specific programs; for more information, please do not hesitate to contact Student Financing at 310-954-4190. We are here to serve you.
As you review your options for financial aid, it’s important to know how much attending Mount St. Mary’s College will be for you. Here is a quick matrix detailing tuition and fees:
|Weekend College Program (2014-2015)|
|College Service Fee||$128|
By definition, grants are considered “free” money and do not require repayment. Popular grant programs awarded to select Mount students include the Cal Grant A and B awards, and Pell Grants.
Student loans require repayment by either the student or his or her parents. Most repayment schedules begin after completion of studies; some begin immediately upon funding. There are three main types: Federal loans, Federal parent loans, and alternative loans.
For many undergraduate students, it makes sense for their parents to borrow from the Federal government under the PLUS loan program. Here are key features of the PLUS loan program:
Repayment: it begins sixty days after the loan is fully disbursed
A better term for “alternative” loans is “private” loans – that is, regular loans. Like a loan you might request for a car or mortgage, these require a good credit score and history, satisfactory income-to-debt ratio, and in some cases may require a co-signer.
It’s important to note that if you secure an alternative loan, you must inform Student Financing so that it may be added to your overall financing profile.
It’s important to note that alternative loans vary widely, and you should compare them to see what works best for you and your financial situation.
Part of the loan experience is being counseled up front prior to borrowing, and at the completion of your studies, so that you are aware of your impending financial obligations.
Loan entrance counseling is required of first-time Mount borrowers, particularly for Federal Direct Stafford or PLUS loans. Click here to complete your loan entrance counseling
Loan exit counseling is also required of Mount student borrowers upon leaving the Mount; it is also required by Federal law. You will be required to accept legal and financial responsibilities owing from the loan obligations. Click here to complete your loan exit counseling
Many students apply for and receive what are known as “outside” scholarships – awards and grants from organizations not affiliated with Mount St. Mary’s College. To learn more about the types of organizations granting such scholarships, click here.
It’s important that any outside scholarship award you receive be processed through Student Financing. This way, we can help you offset loans or work-study requirements, as well as adjust any grant awards you may be receiving.