Saint Mary's College · Indiana

Saint Mary's scholarships and merit aid

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

Verified Jul 20262 months ago

The short answer

Is Saint Mary's worth a closer look?

Saint Mary's may be worth checking, but its awards do not follow a simple grades-and-scores chart. Start with the published scholarships below.

Merit tiers2See who qualifies

First-year students with school awards25%First-year students, CDS 2023-2024

Research checkedJul 2026By our research team

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Published scholarships

These amounts and requirements come from the school’s own published pages. Open an award to see who qualifies and how to keep it.

Amount not published

Rotc Scholarships

Apply separately

Source

$1,500

Phi Theta Kappa Scholarship

Apply separatelyCan continue

Source

See costs and school data

Who this school may work for

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

Published yearly cost: Approximately $70,119 for 2026-2027. Source

Cost and graduation facts

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.

See other scholarships and cost examples

More school data

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, Common Data Set 2023-2024

Average merit award$33,338Across recipients, Common Data Set 2023-2024

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

Other Saint Mary's scholarships worth checking

These awards can be harder to find. Each one has its own 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

See sources and other schools

How Saint Mary's compares

665 of 749 verified schools publish at least one four-year renewable merit award.
Saint Mary's is one of them. The cohort minority (84 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.

Cost of attendanceSaint Mary's cost-of-attendance worksheet
Merit tiersRotc Scholarships
Merit tiersPhi Theta Kappa Scholarship

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