Welcome to Mount St. Mary's College's Student Financing pages, where you can learn about financial aid options available to new, first-year students as well as undergraduates and transfer students.
Mount St. Mary's College believes in helping every student achieve her dream of attending a quality private institution. Because college is one of your biggest investments, The Mount's Student Financing works with each student to help her achieve the maximum amount of financial aid possible, to help defray the short- and long-term costs of a top-tier California private education.
We are here to help.
Questions? Call us at 310-954-4190 and we'll be happy to discuss your financial strategy for attending Mount St. Mary's College.
Click here if you would like to estimate what your costs will be.
Choose from the following sections:
When you apply for admission to Mount St. Mary's College, you are automatically placed into consideration for merit awards. And you don't have long to wait for news about your awards: notification is mailed within one month of each deadline.
Best of all, merit awards are renewable over your four years at the Mount. All you need to do is maintain an overall competitive grade point average (GPA). Some scholarships are department specific; they have their own requirements as well.
Full-tuition awards are offered to those with exceptional academic merit. For all others, Mount St. Mary's College offers the following awards, detailed below.
As always, please do not hesitate to contact us at 310-954-4190 with any questions you may have.
To qualify for a Presidents Award, you will have a GPA between 3.45 and 4.0 and test scores between 1200 and 1400 combined SAT (Critical Reading and Math). ACT scores are converted to correspond to SAT scores. Your high school course load is also a consideration for this award.
To qualify for a Carondelet Award, you will have a GPA between 3.2 and 3.7 and test scores between 1000 and 1100 combined SAT (Critical Reading and Math). ACT scores are converted to correspond to SAT scores.
To qualify for a Provost Award, you will have a GPA between 2.8 and 3.5 and a combined SAT score of 900 to 1000 (Critical Reading and Math). ACT scores are converted to correspond with SAT scores.
Additional financial resources are available to you in the form of grants, "free" money that does not require repayment. Grants are provided from a variety of sources, including the following:
As part of your application to Mount St. Mary's College, you are automatically placed into consideration for a variety of talent and achievement awards. As with most awards, you will be enrolled in a minimum of 12 units to receive these awards.
Another form of financial aid is the student loan. Just as it sounds, this form of educational financing is presented to you as a loan, which you must repay (typically, though not always, after you have completed your studies). Loans may be provided to students, their parents, or both parties, based on the overall need.
The following is a collection of loan options you may wish to consider as part of your overall college financial aid strategy.
With a subsidized loan, the Federal government pays the interest owed while you are in college. You must be enrolled at a minimum of half-time, and your awarded loan amount is based on financial need as documented in your FAFSA. Interest rates are variable and are adjusted yearly on July 1; the maximum interest rate is 8.25%. Subsidized loans require a master promissory note as well as entrance and exit counseling. Your repayment schedule begins six months after your graduation, withdrawal or any time you drop below half-time.
With an unsubsidized loan, you are responsible for paying the interest owed while you are in college as well as after graduation or withdrawal. However, you may defer interest payments while you are attending school; accumulated interest is added to the loan principal when repayment begins. You must be enrolled at a minimum of half-time, but your awarded loan amount is not based on financial need. Interest rates are variable and are adjusted yearly on July 1; the maximum interest rate is 8.25%. Unsubsidized loans require a master promissory note as well as entrance and exit counseling.
If you plan to borrow money in order to finance your education, you may be required to complete both Loan Entrance and Exit Counseling sessions at Mount St. Mary's College. This is particularly true for first-time Federal loan borrowers. Counseling helps you understand your rights and responsibilities as a borrower.
Depending on your financial need, you may qualify for student employment through a Federal work-study program. Money earned helps pay for your education; you work a set number of hours per week. This award is reserved for undergraduates who live on campus.
For more information on student employment, please click here.