Mount Aloysius College realizes the cost to attend college can be a financial challenge for students and their families. At the College, we maintain tuition at competitive levels.
Approximately ninety-nine percent of MAC students receive financial aid with the average aid offer over $12,000. We award millions of dollars in scholarships each year and also offer grants and work-study.
Financial Aid at Mount Aloysius College
What is Financial Aid?
Financial aid is the assistance students can receive from federal, state, institutional and private sources to help pay for a college education. Financial aid usually falls into three categories: grants and scholarships (do not have to be repaid), student loans (must be repaid) and student employment. Mount Aloysius College uses information from the Free Application for Federal Student Aid (FAFSA) to determine financial need.
To determine the need for financial aid at Mount Aloysius , students must file the Free Application for Federal Student Aid (FAFSA) with the federal processor. A student’s cost of attendance is calculated by the college and includes:
- Tuition and fees
- Room and board
- Books and supplies (estimated $2,500/year)
- Plus an allowance for miscellaneous expenses (daycare, transportation, etc.) (estimated $3,000/year)
Using the information reported on the FAFSA, the processor calculates the expected family contribution.
Determining a student’s eligibility for aid involves three basic components: COST OF ATTENDANCE – FAMILY CONTRIBUTION = NEED
Eligibility for federal student aid is based on financial need and on several other factors. To receive federal aid, you must:
- Demonstrate financial need (except for certain loans).
- Have a high school diploma or a General Education Development (GED) certificate or complete a high school education in a home school setting that is treated as such under state law.
- Be working toward a degree in an eligible program.
- Be a U.S. citizen or eligible non citizen.
- Have a valid Social Security Number (unless you’re from the Republic of the Marshall Islands, the Federated States of Micronesia, or the Republic of Palau).
- Maintain satisfactory academic progress once in school.
- Certify that you are not in default on a federal student loan and do not owe money on a federal student grant.
- Certify that you will use federal student aid only for educational purposes.
- Have not met the aggregate limits for Pell grants and student loans.
Even if you are ineligible for federal aid, you should complete the FAFSA because you may be eligible for non-federal aid from states and private institutions. If you regain eligibility during the award year, notify the Financial Aid Office immediately. If you are convicted of a drug-related offense after you submit the FAFSA, you might lose eligibility for federal student aid, and you might be liable for returning any financial aid you received during a period of ineligibility.
Financial Aid Integrity & Misrepresentation
Mount Aloysius College Financial Aid Office strives to provide an environment that is committed to serving students (prospective and enrolled) with the utmost integrity and respect. We shall not provide erroneous, false or misleading statements to prospective students, current students or the family of a student. This pledge of integrity also applies to any and all information exchanged or submitted to the Department of Education (DOE).
The Financial Aid Office monitors all related financial aid documents and files for discrepancies and errors which include willful misrepresentations and fraud. Mount Aloysius College is required to report any suspected fraud or knowledge of deliberate misrepresentations of information that would affect a student’s eligibility for Title IV aid to the Office of Inspector General. In this case, in addition to reporting the misrepresentation, a student may be required to repay some or all aid which was awarded and disbursed on their behalf.
The school will credit your grants to your school account at least once per semester.
- Nursing Loans will be disbursed onto your school account each semester shortly after an entrance interview is completed.
- Direct Stafford Loans will be disbursed onto your school account each semester after eligibility is reviewed. If you are a first-year undergraduate student and a first time borrower, your first disbursement can’t be made until 30 days after the first day of your enrollment period.
- Direct Parent and Direct Grad Plus loans will be disbursed onto your school account each semester after eligibility is reviewed.
- Work-study money earned is paid directly to the student bi-weekly by check.
Note: No financial aid is released to a student’s account until all requested financial aid paperwork is complete, including but not limited to a signed aid offer, verification, and entrance interview paperwork.
How to Apply for Financial Aid
To apply for financial aid, complete a Free Application for Federal Student Aid, or FAFSA, as soon after October 1 as possible. Mount Aloysius College priority FAFSA deadline is April 1 each year. The Financial Aid Office strongly suggests you and your parents (if applicable) have your Federal Income taxes completed before you file your FAFSA. Those students who submit their FAFSA by April 1st will be entered into a drawing for a $1,000 tuition scholarship. Two scholarships will be awarded each year. One will be given to a new, full-time student and one to a returning, full-time student.
The FAFSA must be filed online. FAFSA worksheets are available at the Financial Aid Office, FAFSA website or your high school guidance office. (Our FAFSA code is 003302.) Each year you will need to file a new FAFSA while attending Mount Aloysius. The student and one parent (if applicable) must create an FSA ID which is a username and password that will allow you to log in and sign the FASFA and log into other Department of Education websites. You can apply for the FSA ID at studentaid.gov. This should be done prior to completing the FAFSA. Due to processing time, we recommend you apply at least 3 days before filing the FAFSA. Both the student and parent (if applicable) must separate, valid email accounts.
To apply for the Pennsylvania State Grant, complete and submit your Free Application for Federal Student Aid by the May 1 deadline.
Remember, Mount Aloysius College has a preferred/priority deadline of April 1. We recommend that all students apply for financial aid as early as possible, so that we can consider your eligibility for available funds.
For more information, contact the Financial Aid Office at 814.886.6357 or toll free 1.888.823.2220.
Admissions & Financial Aid Timeline
Financial Aid for Transfer Students
Financial Aid for Graduate Students
Financial Aid for Part-time Students
Financial Aid for Study Abroad
Students opting to participate in Study Abroad through CIS-Center for International Studies during the summer, fall or spring semesters should complete the Free Application for Federal Student Aid (FAFSA) and may use state and federal financial aid (excluding work-study) to defray the cost of the Study Abroad tuition/fees/expenses. The Office of Financial Aid will process your financial aid for these semesters through Mount Aloysius College using your study abroad costs and number of credits that you will be enrolled for in your program. Study Abroad programs may have higher costs than Mount Aloysius College; however, this does not mean that your federal and state awards will be increased (including your Direct Stafford Loan). Contact the Office of Financial Aid for additional funding options if your costs exceed your aid awarded.
Financial Aid for Summer Classes
Students may be eligible for financial aid for Summer sessions depending on their enrollment status, eligibility and the availability of financial aid funds. Mount Aloysius College offers the following sources of financial aid for Summer sessions: Federal Pell grant, Federal Work-Study, Federal Direct Stafford loans, Federal Direct PLUS loans and alternative loans.
Summer Full-time Pre-Licensure Students