In 2022, tuition for full-time students at Saint Mary's College was $50,350 a year.
Tuition increased 3.01% in 2023–from $48,880 the prior year. Usually, colleges raise tuition about 3% each year.
If this makes attending the college of your dreams feel scary, remember, the displayed price of tuition doesn't always mean much if you plan to use financial aid to help pay for college. Many students find the actual cost of college is way less than the total tuition after grants, scholarships, and tuition discounts are applied. Additionally, student loans can make the amount you do have to pay out of pocket feel more doable until you're done with college.
Saint Mary's College meets 85% of the demonstrated financial need for undergraduates. The average financial aid package for a full-time, first-year student at Saint Mary's College is around $39,339 a year.
Students in the class of 2023 who had taken out student loans graduated with an average of $39,126 of debt.
Saint Mary's College is a private, religious institution, so it has the same tuition for residents of Indiana as it does for residents from other states.
Public colleges and universities receive funding from the state government. Public, state schools can offer lower tuition for students who meet the requirements for in-state residency.
Choosing a college where you qualify for in-state status can cut the cost of college tuition. Take the time to check your state's eligibility criteria for in-state residency. Every state has its own rules about what makes someone eligible for in-state tuition. Most states require students to have resided in the state for a certain period of time before qualifying. There may be additional requirements as well, depending on where you live.
Explore other Indiana colleges
Saint Mary's College has the same tuition for international students as for those from out of state.
International students usually do not qualify for for loans or grants from the U.S. government, but should research private or Saint Mary's College-specific aid and scholarships. International students who demonstrate financial need may qualify for the following types of financial support at Saint Mary's College:
•On-campus jobs •Loans from outsideSaint Mary's College •Saint Mary's College-specific scholarships •International Students Tuition Waivers
International students without financial need may be eligible for merit-based institutional scholarships.
In addition to tuition, room and board, books, transportation and fees are also costs it consider when estimating the cost of attendance for college. Let's take a look at what impacts these costs, and what to expect at Saint Mary's College.
Room and board at Saint Mary's College costs $13,850 a year. This covers the cost of living in dorms or other on-campus housing, and a dining plan that enables you to eat in the Saint Mary's College's on-campus cafeterias and dining facilities. Students who do not live on-campus but would like to be able to eat in the campus dining can choose to be on a meal plan. The cost of a mean plan, or board-only, is $7,980.
Board costs can depend on the number of meals you intend to eat on-campus
The cost of books often surprises first-year college students. The real cost of books depends on the courses you take and the materials required. To save money, many students choose to use books from the library or buy books from students who have already taken the course.
The majority of colleges charge some yearly fees to offsets cost associated with maintaining facilties, like the computer labs and libraries, athletic facilities, and more.
There may be optional fees associated with participating in certain activities, like joining a fraternity or sorority, or participating in sports or other extracurriculars. Many schools have ways for students who may struggle to participate because of cost can find ways to lower or eliminate these costs.
The total cost of transportation in college can really vary. Will you take a subway, car or an airplane to get to school? Is on-campus parking free, or will you need to budget for parking? Is the campus easy to get around on foot? Do you own a car, or are you planning to use busses, subways, or other modes of transportation? All of these factors can make a big difference in your estimated cost of transportation. Keeping in mind, first-year students are allowed to park a car on campus.
The location of a college or university can impact transportation costs. Small, rural schools may be easier to get around, but the cost of getting to campus may be higher. On the flip side, getting around in an urban area is often costly, but cities may offer more buses, trains or affordable flights to actually get to school. Saint Mary's Collegeis located in a suburb in Indiana.
When you're planning for college, be sure to take into account the cost of things like movies, takeouts, furniture or appliances for your dorm or housing, and essentials like laundry detergent, toothpaste and toilet paper.
Now, let’s look at the breakdown of all expenses, to get a better estimate of how much students can expect to shell out for Saint Mary's College.
What will the cost of attending Saint Mary's College be? Here is a breakdown of tuition and expenses.
2023 Total Tuition and Expenses | |
---|---|
Tuition | $50,350 |
Room and Board | $13,850 |
Board Only | $3,320 |
Other expenses | $1,715 |
The total estimated cost will vary depending on whether you are going to live on-campus or off-campus.
Total Estimated Costs | |
---|---|
On-Campus | $66,995 |
Off-Campus | $56,465 |
The breakdowns above provide a good estimate of the total cost of attendance before financial aid and scholarships. Tuition and fees may vary depending on program, course level, location, and more.
Saint Mary's College’s tuition and fees change based on: •Course load for full-time students
The majority of Saint Mary's College undergrads use financial aid to to cover the cost of tuition. In 2023, 1,015 of the 1,406 undergrads enrolled received financial aid. Saint Mary's College meets 85% of the demonstrated financial need for undergraduates.
The average financial aid package for a full-time, first-year student is around $39,339 a year. Around 74% of Saint Mary's College undergrads take out student loans to cover any remaining costs. Saint Mary's College graduates who have student loans graduate with an average of $39,126 of student loan debt.
The average debt for each loan type varies.
Average Debt By Loan Type | |
---|---|
Federal Loans | $23,859 |
Private Loans | $52,272 |
Most Common Loans for Saint Mary's College Students | |
---|---|
Federal Loans | 73% |
Private loans | 22% |
Most students take out institutional or government loans, because they tend to have lower interest rates and more flexible repayment options than private loans. Loans from the federal government can be subsidized or unsubsidized. Subsidized loans do not accrue interest during school, while unsubsidized loans begin accruing interest at the time the loan is issued. If students do no qualify for enough federal loans to cover the cost of tuition, some take out private loans. Parents can also take out ParentPLUS loans, which are government loans for parents who are helping their children pay for college.
The Free Application for Federal Student Aid (FAFSA) helps colleges determine how much financial need students and their familes have, so they can offer a financial aid package that meets, or come close to meeting, their need. For more information on Saint Mary's College financial aid, keep reading, or visit their financial aid website.
Some students may receive grants and scholarships to help pay for college. Unlike loans, scholarships and grants do not have to be paid back.
In 2023, Saint Mary's College awarded 1,014 need-based scholarships to students, giving away total of $35.4 million to help students with financial need cover the cost of school. An additional $11.55 million in merit-based scholarship money was awarded to students without demonstrated financial need.
The net price of college is the actual cost of attending a school for one year. Net cost is calculated by subtracting any scholarships, grants or other aid that does not need to be paid back from the total cost. Student loans are not part of the calculation, because they need to be repaid.
Now that we have a sense of the total estimated costs for Saint Mary's College students, we can subtract the average financial aid package to find the estimated net cost. Net cost can vary depending on a students’ need and the financial aid award received.
When considering whether a school fits your budget, it is important to consider the estimated net cost, not just the sticker price of tuition. Often, schools with the highest tuition also offer the most generous aid packages, so estimate your net cost before eliminating a school because it does fit your budget.
The average amount of financial aid received by a full-time first year student with demonstrated need at Saint Mary's College was $39,339 in 2023. By substracting the average financial aid package from the estimated costs, we get a number that may make the cost of Saint Mary's College seem more manageable.
Estimated Net Cost for Full-Time Students | |
---|---|
On-Campus | $27,656 |
Off-Campus | $17,126 |
What will attending Saint Mary's College really cost you? The answer depends on several factors.
As of 2011, colleges are required to have a net price calculator on their website to help prospective students and their families understand the actual cost of attending that school, based on their financial situation. You can find the Saint Mary's College's net cost calculator on their website.
Some students choose to use payment plans to make the cost of tuition fit more comfortably in their budget.
Saint Mary's College does not have guaranteed tuition.
Saint Mary's College offers an Installment Payment Plan, which allows students to pay tuition in a series of smaller chunks instead of one lump sum.
Schools sometimes offer tuition waivers to certain groups, to offset the cost of attending. Some schools offer tuition waivers for employees and their family members, underrepresented students, or military students. Even if you qualify for a waiver, other expenses and fees are the responsibility of the student.
Saint Mary's College has some full or partial tuition waivers available for: - International Students - Employees or Children of Employees
Check the financial aid website for more information on payment plans and tuition waivers.
An endowment is the total value of a school's investments, donations, and assets. Endowment is not necessarily an indicator of the quality of a school, but it can give you a sense of how much money a college can afford to invest in expanding programs, improving facilities, and supporting students.
As of 2022, the total market value of Saint Mary's College's endowment was $330.8 million. The average college endowment was $905 million in 2021. For each full-time student, Saint Mary's College spends about $27,839 a year.
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Tuition & Fees
$65,280
In State$65,280
Out-of-StateStudents Who Receive Need-Based Aid
Average Financial Aid Package
Data Source: IPEDs and Peterson's Databases © 2022 Peterson's LLC All rights reserved
Total Enrollment
Campus Setting
Acceptance Rate
Fall Freshmen
Application Deadline
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