Grants

Saint Mary's College Grant

Saint Mary's Grant is awarded solely on the basis of financial need. Since the College is committed to making a Saint Mary's education a possibility for students who demonstrate financial need, each student who applies for financial aid receives consideration for grant assistance.

If a grant is offered, the amount is proportional to the demonstrated financial need. In some cases, students will also receive federal and/or state grant assistance. Saint Mary's Grant is restricted to tuition only and may be reduced if other tuition-restricted funds are received from outside sources.

• For priority consideration, complete the Free Application for Federal Student Aid (FAFSA) and the CSS/PROFILE Financial Aid Forms by March 1st of your senior year of high school.
• Returning students must also complete these applications annually to determine eligibility.
• Financial aid awards are contingent upon acceptance to the College and maintenance of satisfactory academic progress.

Holy Cross Grant

The Holy Cross Grant is awarded to minority and under-represented students. Based on financial need, Holy Cross Grants range from $500 to a maximum of $6,000. As with other institutional awards, funding is limited to a maximum of eight semesters.

State Grants

Indiana Residents

To be considered for Indiana State Aid:

• You must be and remain a legal resident of the state of Indiana throughout the academic year. If you are a dependent student, your parent(s) must also be and remain legal residents of Indiana throughout the academic year.

• Your 2008-09 Free Application for Federal Student Aid (FAFSA) must be received by the federal processor on or before March 10, 2008. You must reapply each year by March 10 to determine your continued eligibility.

• You must have demonstrated financial need per your FAFSA, and maintain satisfactory academic progress as a full-time student.

• Saint Mary's College (school code: 001836) must be the FIRST school on your FAFSA. You can change or reorganize your school choices on the SSACI (State Student Assistance Commission of Indiana) web site.

• After filing the FAFSA, check the SSACI eStudent web site to make sure your Core 40 or Academic Honors information is correctly reported by your high school.

• While you are there, check to see if there are any FAFSA corrections (edits) you must get to the Federal processor by the June 11, 2007, correction receipt deadline.

There are several types of Indiana aid available. Click on a link to learn more.

21st Century Scholars Program

Hoosier Scholar Award

Michigan Residents

For 2007-08 and beyond, Michigan state assistance is no longer applicable to schools outside the state of Michigan. This includes both the Michigan Merit Award (MEAP) and Michigan Promise awards.

Federal Grants

The Free Application for Federal Student Aid (FAFSA) is required annually for ALL Federal grant programs.

Federal Pell Grant

Pell Grant funding:

Congress has established a standard formula to evaluate the FAFSA information and determine a student's eligibility for Pell Grant. This formula produces a number called the Expected Family Contribution (EFC). The EFC is noted on the Student Aid Report (SAR) the student receives after completing the FAFSA.

Pell Grant awards for an academic year depend on the program funding appropriations established by Congress. The maximum Pell Grant amount for the 2008-09 award year is $4,310.

Several factors can impact Pell Grant eligibility, such as:

FSEOG funding:

• Is awarded with the highest priority given to students with the lowest Expected Family Contributions (EFCs) and those who receive Federal Pell Grants
• Does not have to be repaid
• Can range between $100 and $4,000 per year, depending on when a student applies, the level of need, and the funding level provided by the federal government to Saint Mary's.