As a prospective student, navigating the financial aid landscape can be daunting. To help you make informed decisions, this comprehensive guide will delve into Marymount University’s financial aid offerings, providing a clear understanding of the application process, eligibility requirements, and available resources.
Understanding Marymount University’s Financial Aid Landscape
Types of Financial Aid
Marymount University offers a variety of financial aid options to support students with the cost of attendance, including:
- Grants: Free money awarded based on financial need or academic merit.
- Scholarships: Merit-based awards based on academic achievement, athletic ability, or other criteria.
- Loans: Borrowed funds that must be repaid after graduation.
- Work-Study: On-campus employment opportunities that allow students to earn money while attending school.
Financial Need
Financial need is a key factor in determining the amount of financial aid a student is eligible for. To assess need, Marymount University uses the Federal Application for Federal Student Aid (FAFSA). The FAFSA collects information about a student’s family income, assets, and other financial circumstances.
Applying for Financial Aid
Completing the FAFSA
The first step in applying for financial aid is to complete the FAFSA. The FAFSA is available online at https://studentaid.gov/h/apply-for-aid/fafsa. The FAFSA should be submitted as early as possible after January 1st of the year in which you plan to enroll in college.
Institutional Deadlines
Marymount University’s priority deadline for financial aid applications is March 15th. However, students are encouraged to apply for financial aid as early as possible.
Eligibility Requirements
To be eligible for financial aid from Marymount University, students must:
- Be a U.S. citizen or eligible non-citizen.
- Be enrolled at least half-time in a degree program.
- Maintain satisfactory academic progress.
Types of Financial Aid Available
Grants
- Federal Pell Grant: A need-based grant for students with an adjusted gross income below $50,000.
- Federal Supplemental Educational Opportunity Grant (FSEOG): A need-based grant for students with exceptional financial need.
- Marymount University Grant: A need-based grant for students who demonstrate financial need and academic merit.
- Herbert Hoover Grant: A need-based grant for students who are children or grandchildren of U.S. Presidents.
Scholarships
- Marymount University Presidential Scholarship: A merit-based scholarship for students with an ACT score of 30 or higher or a SAT score of 1360 or higher.
- Marymount University Dean’s Scholarship: A merit-based scholarship for students with an ACT score of 27 or higher or a SAT score of 1290 or higher.
- Marymount University Honors Scholarship: A merit-based scholarship for students who are accepted into the Marymount University Honors Program.
Loans
- Federal Direct Subsidized Loan: A need-based loan with interest subsidized by the government while the student is enrolled in school.
- Federal Direct Unsubsidized Loan: A non-need-based loan with interest that accrues while the student is in school.
Work-Study
- Federal Work-Study Program: A need-based program that allows students to earn money while attending school.
Contact Information
If you have questions about financial aid at Marymount University, please contact the Office of Financial Aid at:
- Phone: (703) 284-1625
- Email: [email protected]
- Website: https://www.marymount.edu/financial-aid/
Conclusion
Marymount University offers a comprehensive range of financial aid options to help students finance their education. By understanding the application process, eligibility requirements, and available resources, students can make informed decisions and maximize their financial aid opportunities.
