Grants are based solely on financial need and do not have to be paid back. Grants can be funded by Saint Mary's College (institutional grants), your state of residence, and from Federal programs. You may receive grants from multiple sources.
The following institutional grants are awarded primarily on financial need, with other factors as noted. You must reapply annually for financial aid to determine eligibility. Institutional grants are limited to a maximum of eight semesters (fall and spring) and are only awarded to full-time students (12 credits or more).
Saint Mary's College Grant
Saint Mary's Grant is awarded solely on the basis of financial need. Saint Mary’s is committed to making a Saint Mary's education a possibility for students who demonstrate financial need, therefore every student who applies for financial aid receives consideration for grant assistance.
If a grant is offered, the amount is proportional to the demonstrated financial need. In some cases, you may also receive federal and/or state grant assistance.
- For priority consideration, complete the Free Application for Federal Student Aid (FAFSA) by March 1st of your senior year of high school
- Returning students must apply annually to determine eligibility
Holy Cross Grant
The Holy Cross Grant is awarded to students from underrepresented groups. Based on financial need, Holy Cross Grants range from $1,000 to $4,000 annually. Funding is limited to a maximum of eight fall and spring semesters and you must live in campus-owned housing (unless on a study abroad program) to qualify.
To be considered for Indiana State Aid:
- You must be and remain a legal resident of the state of Indiana throughout the academic year. If you are a dependent student, your parent(s) must also be and remain legal residents of Indiana throughout the academic year.
- Your FAFSA must be received by the federal processor on or before March 10.
- You must reapply each year by March 10 to determine your continued eligibility.
- You must have demonstrated financial need per your FAFSA, and maintain satisfactory academic progress as a full-time student.
- Saint Mary's College (school code: 001836) must be the FIRST school on your FAFSA. You can change or reorganize your school choices on the Indiana Commission for Higher Education web site.
- After filing the FAFSA, check the eStudent web site to see if there are any FAFSA corrections (edits) you must get to the Federal processor by the May 15, the correction receipt deadline.
Learn more about these Indiana State Grant programs:
Residents of Other States
The following states allow their grants to be used outside the sponsoring state: Rhode Island and Vermont. Students should consult school counselors regarding application requirements.
Saint Mary’s administers federal funds for three grant programs, listed below. Eligibility for these programs is determined by analyzing data submitted through the FAFSA financial aid application.
Federal Pell Grant
Pell Grant funding:
- Is designed to aid exceptionally needy students
- Does not have to be repaid
- Is awarded only to undergraduate students who have not yet earned a bachelor's or professional degree
Congress has established a standard formula using FAFSA information to determine a student's eligibility for Pell Grant. Pell Grant awards for the academic year depend on the program funding appropriations established by Congress. The maximum Pell Grant amount for the 2015-16 award year was $5,730.
Several factors can impact Pell Grant eligibility, such as:
- The student's estimated family contribution, as determined by the FAFSA
- The institution’s cost of attendance
- Whether the student is enrolled full-time or less than full-time
- Whether attendance is for a full academic year or less than a full year
The Federal Supplemental Educational Opportunity Grant (FSEOG) is awarded to undergraduate students with exceptional financial need.
- Is awarded with the highest priority given to students with the lowest expected family contributions as determined by the FAFSA and those who receive Federal Pell Grants
- Does not have to be repaid
- Can range between $100 and $4,000 per year, depending on when a student applies, the level of need, and the funding level provided by the federal government to Saint Mary's.
This grant is for students intending to teach full time, for at least four years, in high-need subject areas and at low income schools. Please note that if a student does not complete all four years of qualified teaching service the grant reverts to an unsubsidized loan with interest accruing from the date of original disbursement!
Criteria for the TEACH Grant:
- While financial need is not a criterion for this grant, students do need to complete the FAFSA
- Must be admitted to the Education Program (have successfully completed EDUC 201) at Saint Mary's College
- Must have a cumulative grade point average of at least 3.25
If you are interested in receiving the TEACH Grant, please contact the Financial Aid Office. Once your eligibility is confirmed we will discuss with you the steps needed to complete your TEACH Grant Agreement to Serve and your TEACH Entrance Counseling. Additional information about the TEACH grant can be found here.