Making Your Education Accessible and Affordable
A college education is a major investment, but it is one that pays lifelong dividends. At Saint Mary’s University of Minnesota, we are committed to making that investment accessible and affordable. We believe your future is worth it.
Approximately 97 percent of all undergraduates at Saint Mary’s receive some form of financial aid. Every family is unique. Assembling the right mix of financial aid options for you will help you feel confident in the investment you make in your education.
Saint Mary’s offers both need-based aid, for families with demonstrated financial need, and merit scholarships, which reward a student’s academic success, achievements, talents, community contributions, and leadership. Your counselor can help determine your eligibility. If you are an active-duty service member, reservist, veteran, or a family member of someone who has served, we encourage you to reach out to our Office of Military and Veterans Services for financial aid options unique to your situation.
Learn more about how loans, grants, and work-study all contribute to reducing the cost of a college education.
Types of Financial Aid
There are three types of federal financial aid to help you pay for college:
- Scholarships and grants, which do not have to be repaid
- Loans, most offered at low interest rates with repayment deferred until after graduation
- Work-study, which can provide student employment income right on campus
The FAFSA: Your First Step Towards Financial Aid
The Free Application for Federal Student Aid, or FAFSA, is a simple form that helps schools calculate financial aid awards to students. At Saint Mary's University of Minnesota, we're committed to offering a high quality education that is affordable to all students. Watch the videos below to learn more about financial aid at Saint Mary's, common questions about the FAFSA, and how to submit your FAFSA.
Plan your finances
The priority deadline to apply for financial aid is December 1, although we encourage you to submit your FAFSA as soon as possible after October 1. As long as we have received all the necessary forms, we should be able to send you a complete package by early January or within three weeks of your admission decision.
Good news: You didn't do anything wrong when you completed the FAFSA and, if you provide the Financial Aid Office with the right documents, this shouldn't delay the processing of your financial aid. The U.S. Department of Education selects FAFSAs for verification to ensure that Pell Grant and/or Subsidized Stafford Loan recipients have completed their application correctly.
If you have a financial situation that you feel was not sufficiently addressed by the FAFSA, please complete our Special Circumstances Form and submit it to the Financial Aid Office along with the appropriate documentation.
There are two payment plans available. On the standard plan, tuition is paid at the beginning of each semester. On the 10-payment plan, tuition is divided into five payments per semester. Tuition statements are sent out by the Business Office on or around the 11th of each month, beginning in June. Statements are sent to students at their SMUMN email address, as well as to other persons authorized by students. Parents and students will learn more about billing and payment at New Student Orientation and Registration.