| Federal Aid Programs Mount St. Mary’s participates in all of the financial aid programs offered by the U.S. Department of Education: Federal Pell Grants, Federal Supplemental Educational Opportunity Grants, Federal Work Study, Federal Perkins Loans and the Federal Family Education Loan Program. Eligibility for all federal programs is determined from the FAFSA. For more information about federal aid programs, refer to the Federal Student Aid Guide ( Spanish edition). Grants Work Study Loans ROTC Scholarships GRANTS Federal Pell Grants
This program provides students with extremely high need with grants of up to $4,050 per year. Application may be made by completing the FAFSA. Supplemental Educational Opportunity Grants
Designed to assist exceptionally needy students who are eligible for Pell Grants, these grants typically range from $500 to $1,500 per year. [ Back to Top ] WORK STUDY Federal Work Study
Students selected for this program are employed in a wide variety of on-campus jobs. On average, students work 10 to 15 hours per week and earn $1,200 to $1,7500 per year. Other College Employment College employment other than the federal work study program is available. [ Back to Top ] LOANS Federal Perkins Loans
This program enables selected students to borrow money interest free while they are enrolled in college. Loans, which typically range from $1,000 to $1,500 per year, are repayable after graduation, or termination of studies, at a 5% interest rate. Federal Stafford Student Loans
Eligible undergraduate students may borrow up to $3,500 for the first year of study, up to $4,500 for the second year, and up to $5,500 for each remaining year. During periods of enrollment, interest payments are subsidized by the government. After graduation or termination of studies, and following a six-month grace period, students repay their loans at a 6.8% interest rate. Federal Unsubsidized Stafford Student Loans
Students who are not eligible or only partially eligible for a subsidized Stafford Loan may borrow funds via this program at annual limits and interest rates equivalent to those of the subsidized program. Students will be responsible for interest charges during periods of enrollment. In addition, independent students may borrow up to $4,000 for each of the first two years of undergraduate work and up to $5,000 for each remaining year. Federal Parent Loans for Undergraduate Students (PLUS)
This program enables parents of dependent students to borrow the entire annual cost of attendance less financial aid awarded. The loans are repayable at an 8.5% interest rate. [ Back to Top ] ROTC SCHOLARSHIPS Mount students receive scholarships from the Army ROTC program to cover full tuition, and are eligible for additional aid from the university. Scholarships may be for two to four years. Contact the Mount ROTC department at 301-447-5350 for additional information on these scholarships. [ Back to Top ] | 
