Saint Mary's College · Indiana

Saint Mary's Merit Aid

Verified Jul 20264 days ago· HX-AUTO

Merit tiers2See requirements

Get merit aid25%First-year students, CDS 2023-2024

Last verifiedJul 2026Analyst HX-AUTO

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Checking merit aid at Saint Mary's

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The merit-aid verdict at Saint Mary's

Merit awards at Saint Mary's prioritize artistic talent and accomplished community college transfers.

Who this school is for

Talented musicians and visual artists, as well as Phi Theta Kappa members transferring from two-year colleges, should look closely.

Tuition / cost of attendance: Approximately $70,119 for 2026-2027. Source

Federal cost and outcome data

Federal reporting on who actually enrolls at Saint Mary's, what they paid after aid, and what happened next — independent of anything the school markets.

Average annual net price by family income at Saint Mary's, academic year 2021-22
Family income	Average net price paid
$0–$30,000	$16,760
$30,001–$48,000	$18,152
$48,001–$75,000	$21,014
$75,001–$110,000	$23,680
$110,001+	$30,443
All income levels (average)	$25,292

Sticker price vs. what students actually pay

Published tuition & fees, AY 2022-23: $53,230
Average net price paid (all Title-IV aid), AY 2021-22: $25,292

That works out to roughly a 62% discount below the federal AY 2021-22 average cost of attendance of $66,478 (College Scorecard — a separate, federally reported figure, not the published cost of attendance shown above).

Outcomes for students who enrolled here

Graduation rate (150% of normal time), 2016 cohort: 69%
First-year retention rate, 2021 cohort: 88%
Median debt at completion, 2020–2021 completers: $27,000 (~$286/mo on a 10-yr plan)
Median earnings, 10 years after entry (measured 2020-21): $59,354
Share of students receiving a Pell grant, AY 2021-22: 24%
Share of students receiving a federal loan, AY 2021-22: 57%

How to read these numbers

Net price reflects only first-time, full-time, degree-seeking students who received federal Title IV financial aid — not Saint Mary's's full student body.
Published tuition is the catalog sticker price for all students, not a Title IV-only figure.
Graduation rate reflects the entire first-time, full-time, degree-seeking cohort — not only students who received Title IV aid.
Retention rate reflects all first-time, full-time, bachelor's-seeking students — not only Title IV aid recipients.
Median debt reflects only completers who took out federal student loans — not Saint Mary's's full graduating class, and not limited to first-time, full-time students.
Median earnings reflect Title IV aid recipients who entered college and were working (not enrolled) roughly a decade later — not necessarily the graduating cohort, and not a recent graduate's paycheck.
Pell grant and federal loan participation covers first-time, full-time, degree-seeking students only.
Net price blends need-based aid and merit aid together — it is not a merit-specific estimate. It shows what similar-income families actually paid on average after every kind of aid, not what a strong-stats student could win in merit dollars alone. Treat it as cost context, not a merit forecast — a MeritPlaybook models merit aid specifically for your student’s own stats, which this net-price figure cannot do.

None of this is current-year data — the U.S. Department of Education reports it on a delay, and different figures below come from different reporting years. Net price is an academic year 2021-22 figure. Published tuition reflects the 2022-23 academic year. Graduation rate reflects the Fall 2016 entering, full-time, first-time, degree/certificate-seeking cohort; completion measured within 150% of normal time (~6 years for a bachelor's degree). IPEDS Graduation Rates component (C150_4). Retention reflects the Fall 2021 full-time, first-time, bachelor's-seeking cohort retained into the following fall. IPEDS Fall Enrollment component (RET_FT4). Median debt reflects the NSLDS FY2020 and FY2021 pooled completer cohorts (GRAD_DEBT_MDN, GRAD_DEBT_MDN10YR_SUPP). Median earnings reflect the Treasury-matched cohort entering college in AY2009-10 or AY2010-11, earnings measured 10 years later in calendar years 2020 and 2021, inflation-adjusted to 2022 dollars (MD_EARN_WNE_P10).

Source: U.S. Department of Education, College Scorecard.

Institutional merit aid tiers

Every tier below is sourced to the school’s own published financial aid pages. Renewal terms apply only if the student maintains the stated GPA.

Amount not published

Rotc Scholarships

Application

Source

$1,500

Phi Theta Kappa Scholarship

ApplicationRenewable

Source

Common Data Set snapshot

From the Saint Mary's Common Data Set 2023-2024:

Merit penetrationHow likely is merit aid here?From Saint Mary's’s Common Data Set: the share of first-year students who receive institutional merit and the average dollar amount when they do.

25%of admitsget merit

Average award$33,338Covers ~48% of $70,119 cost of attendance

At Saint Mary's, roughly 1 in 4 first-year admits receive institutional merit aid. The average award is $33,338 — about 48% of total cost.

As filed in Saint Mary's's CDS Section H2A: of 420 first-time, full-time degree-seeking freshmen, 106 had no financial need and received institutional merit (non-need) scholarship or grant aid, averaging $33,338. Across all full-time degree-seeking undergraduates: 398 of 1,390, averaging $28,691. Athletic awards are excluded per the CDS definition.

Receive institutional merit25%First-year students, CDS 2023-2024

Average merit award$33,338Across recipients, CDS 2023-2024

Source: Common Data Set 2023-2024 (verified 2026-07-23)

Lesser-known scholarships at Saint Mary's

Named awards that don’t always surface on the main financial aid page. Each one has its own eligibility rules.

Music Scholarship

AmountAmount not publishedEligibilityMusic Scholarships are awarded on the basis of an interview or audition around April 1.

Source

Visual Art And Design Scholarship

Amount$2,000EligibilityThe Visual Art and Design Scholarship requires students to submit an art portfolio by March 1; scholarships are $2,000 awards renewable all four years.

Source

How Saint Mary's compares across our verified dataset

668 of 750 verified schools publish at least one four-year renewable merit award.
Saint Mary's is one of them. The cohort minority (82 schools) only awards one-year scholarships, which means the four-year value families assume on a brochure quote isn't guaranteed at every school.

Sources used on this page

Every claim is checked against Saint Mary's’s own published materials. Below is the full reference set.

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