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Need-based Aid

Grant Programs
Grants are awards made based on financial need, and do not need to be repaid.
Federal Work Study
Saint Mary’s offers students an opportunity to offset their education expenses or earn spending money through campus work-study opportunities.

Student Loan Options

Student loans can be a good option for paying all or some of the family contribution. Loans must be repaid with interest, but most are offered at low interest rates with repayment deferred until after graduation. Upon completion of your FAFSA, full-time students are automatically considered for the following loans, which are based on financial need. Detailed information about each loan program will be included with your financial aid award letter.

Federal Stafford Direct Loan
Amount varies.
Federal Perkins Loan
Up to $4,000 per year
Federal PLUS Loan for Parents
The maximum loan amount is the total cost of education at SMU less any other financial aid.
Up to $10,000 per year
Alternative loan programs
Non-need based loan programs