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Undergraduate financial aid


The Marymount University program of financial aid attempts to help those students who have academic potential and limited financial resources. In addition, scholarships are awarded to students who demonstrate outstanding academic potential and performance, with financial need considered but not a prerequisite.

The objective of all federal and most state aid programs is to provide opportunities for those who would not be able to complete their college education without financial assistance. Certain states, such as the Commonwealth of Virginia, award grants without regard to financial need to those students who apply and can prove state residence.

Eligibility for Need-based Aid

Financial aid is any grant, scholarship, loan, or paid employment offered for the express purpose of helping a student meet educationally related expenses. Determining how much financial aid a student will receive is calculated in the following manner:

  1. The budget for a student's academic year living and educational expenses is determined, taking into account factors such as residence, enrollment, and dependence.
  2. The expected contribution by the student and family toward the student's yearly expenses is determined through a federal formula.
  3. The resources contributed by the student and family are subtracted from the budget, and the remaining amount is referred to as the student's "financial need."

Financial Aid Application Procedure

  1. New and currently enrolled undergraduate students must file a Free Application for Federal Student Aid (FAFSA). The information is analyzed and a report sent to the University on the estimated contribution expected from the family or the self-supporting student. Marymount's federal school code is 003724.
  2. Awards are offered when applications are complete and the student has been accepted for enrollment into a degree program.
  3. Financial aid applications must be submitted for each academic year in which financial assistance is required.

Grants

DC Leveraging Educational Assistance Partnership (LEAP) Grant is a need-based program for undergraduates who meet DC residency requirements. Applicants must enroll at least half time in a degree program. Students must follow financial aid application procedures. The DCLEAP application must also be completed and submitted to the Financial Aid Office prior to the June deadline. Contact the Financial Aid Office for the exact date.

Federal Pell Grant program provides federal gift aid for students. The grants range from $400 to $4,000 a year based on enrollment status. Eligibility is determined by the federal government. A student applies for this grant by following the financial aid application procedures. Repayment is not required.

The Federal Supplemental Educational Opportunity Grant (SEOG) is a grant for eligible full-time undergraduate students who demonstrate financial need. Awards range from $100 to $4,000 per academic year. Students must follow financial aid application procedures to apply.

Marymount Tuition Assistance Grants are sponsored by the University to make education affordable for as many full-time, first-degree undergraduate students as possible. To apply, students must follow financial aid application procedures. Awards are based on an indication of financial need.

The Virginia State College Scholarship Assistance Program (CSAP) is available to Virginia residents who will be full-time undergraduates and who demonstrate financial need. Students must file for the Virginia Tuition Assistance Grant and follow the financial aid application procedure. Repayment is not required.

The Virginia Tuition Assistance Grant (TAG) Program, not based on financial need, is available to all legal Virginia residents who are full-time students. The amount of the award varies each academic year based on state funding. Awards will be made by the Commonwealth to students who file their applications by July 31. Repayment is not required. Late applications will be considered if funds are available. For further information, contact the Financial Aid Office. The program is funded by the Commonwealth of Virginia.

Loans

The Federal PLUS Loan may be used to supplement other financial aid programs. Parents of dependent undergraduates are eligible to apply for this loan each academic year at a variable interest rate. Eligibility is based on credit worthiness. Students must follow the financial aid application procedures. Specific details may be obtained by contacting the Financial Aid Office.

The Federal Stafford Loan is for students enrolled on at least a half-time basis in a degree program; it enables them to borrow an annual amount based on their grade level and length of program. The federal government will pay the interest until the repayment period begins, six months after the student leaves school.

The Financial Aid Office provides information on obtaining the loan with Award Letter notification. Students must complete the financial aid application process and demonstrate need in order to qualify. A Federal Unsubsidized Stafford Loan is available for those who do not demonstrate need. The terms are the same as those for the Federal Stafford Loan except that the student is responsible for the interest while in school.

The Federal Perkins Loan is a program providing long-term loans to students who demonstrate financial need and are capable of academic performance at an acceptable level. The amounts awarded vary, depending on financial need. No interest accrues on the loan as long as the borrower remains at least a half-time student. Interest begins to accrue nine months after the borrower ceases to be at least a half-time student. The interest accrues at the rate of five percent per year. There are special cancellation provisions for borrowers who either become teachers in designated schools educating students from low-income families, or are teachers of handicapped students or are students in Head Start programs. Students must follow financial aid application procedures.

Undergraduate Scholarships

There are three categories of scholarships offered by Marymount University: Academic/Service Scholarships, awarded on the basis of academic and/or service performance; Need-based Scholarships; and Other Scholarships. All scholarships are designed for full-time, first-degree or transfer undergraduates, and can be applied to undergraduate tuition only, unless otherwise specified. Please see the following list for eligibility criteria, contact information, and other details.

Academic/Service Scholarships

Freshman Academic Scholarship
Guaranteed for new full-time freshman students who have a cumulative average of B or better in high school and a combined SAT score of 1050 or higher. The scholarship is renewable for students who maintain academic eligibility. Contact: Admissions Office

Clare Boothe Luce Scholarship
Offered pursuant to a major bequest to the University by Mrs. Luce. The fund provides scholarships to highly qualified female undergraduates, to encourage them to enter; study; graduate; and teach physics, chemistry, biology, meteorology, engineering, computer science, mathematics, or physical science. Graduating high school seniors, transfer students, and currently enrolled students may apply. Awards are made solely on the basis of merit and are calculated to include the cost of tuition and/or room and board. Eligibility is limited to women who are U.S. citizens and enrolled full time. Applications received by February 1 will be given priority consideration; late applications are accepted until May 1 contingent upon funding. Contact: Admissions Office

Presidential Scholarship
The University's most competitive freshman scholarship program. Students must have a combined SAT score of 1200 or higher and at least a B average. This scholarship is renewable for full-time students maintaining eligibility. All Presidential Scholarship recipients are encouraged to apply to the Honors Program, which carries an additional scholarship award. Contact: Admissions Office

Spirit of Service Scholarship
Offered to students who have met high academic standards and have an outstanding record of volunteer service activity in their high school, church, and/or community agencies. The award is added to any existing Marymount merit scholarships. Spirit of Service Scholarship awards range from $2,500 to $5,000. Scholars must continue full-time enrollment, maintain a cumulative 3.0 GPA or higher, and complete 60 hours of volunteer service work each semester.

Transfer Academic Scholarship
A competitive scholarship for new full-time students who present transfer credit for 30 semester credits or more with a cumulative grade point average (GPA) of 3.3 or better and intend to earn their first bachelor's degree from Marymount. The scholarship is renewable for full-time students maintaining eligibility. Deadline is May 1. Contact: Admissions Office

Need-based Scholarships

The following scholarships all carry a need component in addition to other criteria. Therefore, students must complete the Free Application for Federal Student Aid (FAFSA) process. Consideration for any of these scholarships occurs at the time a student's financial aid form is reviewed. There are no separate applications required for any of these scholarships. Funding in some programs is limited to one recipient who retains the scholarship for four years. Contact the Financial Aid Office with questions about any of the following need-based scholarships.

Kazuko Barkey Scholarship
Established in 1997 in honor of Mrs. Kazuko Barkey and awarded annually to a full-time undergraduate student majoring in Interior Design who possesses a minimum of a 3.0 grade point average and who demonstrates financial need.

Mary Phelan Baynes Scholarship
Awarded annually to a full-time undergraduate student pursuing a degree in the School of Business Administration who has an interest in retailing and who demonstrates financial need. The student is eligible to retain the scholarship from initial receipt until graduation.

Fred W. Beazley Scholarships
Awarded annually to two entering full-time freshmen with academic promise and financial need. Awards are limited to Virginia residents and are renewable with maintenance of a satisfactory cumulative grade point average.

Sr. M. Majella Berg, RSHM, Scholarship
Awarded competitively to full-time students demonstrating need.

Daphne Brady Nursing Scholarship
Awarded to a full-time undergraduate Nursing major who has financial need and satisfactory academic ability.

Richard Eaton Foundation Nursing Scholarship
Established in 1995 with a grant from the Richard Eaton Foundation, this scholarship is awarded each year to full-time Nursing students with financial need.

Dorothy Efner and Shirley Efner McManus '79 Endowed Scholarship
Awarded annually to Nursing students with financial need, a demonstrated commitment to the nursing discipline and the University, and who have earned favorable comment from the faculty in general. The Office of Financial Aid, in conjunction with the Nursing degree program chairs, will select recipients.

William Randolph Hearst Endowed Scholarships for Students in Nursing
Provided through an endowed fund established by the William Randolph Hearst Foundation, these scholarships are awarded to full-time undergraduate Nursing students who have financial need.

Sr. Marie Louise Hogan, RSHM, Scholarship
Awarded annually to an adult undergraduate student who is returning to college full time for retraining in his or her field of interest.

Victor E. Indrisano Memorial Scholarship
Awarded annually to a senior Psychology major showing demonstrated need and high academic potential. The fund was established in 1994 in memory of Dr. Indrisano, a dedicated and caring Marymount University Professor of Psychology from 1981 until 1994.

Sadie W. Kyle Endowed Business Scholarship
Awarded to an outstanding full-time undergraduate student pursuing a bachelor's degree in Business Administration at Marymount University.

Rose Ann Benté Lee Nursing Scholarship
Established in 1984 by Mrs. Rose Ann Benté Lee for deserving and qualified full-time Nursing students with financial need.

Mary Gee Long Scholarship
Awarded to a deserving full-time student who demonstrates financial need.

William G. McGowan Scholarship Fund
Awarded to full-time students with financial need, the scholarship is offered through an annual grant from the William G. McGowan Foundation in memory of Mr. McGowan, founder of MCI, who believed in creating educational opportunities to develop the gifts and talents of the young.

Sr. Dolorita Mooney, RSHM, Memorial Scholarship
Awarded to a deserving full-time student with financial need.

Henry C. and Bessie B. Newton Scholarship
Sponsored by the University, this generous grant program is designed to make a Marymount education affordable for as many full-time undergraduate students as possible.

Maura O'Donnell Memorial Scholarship
Awarded annually to a full-time student in the A.A.S. Nursing program who has successfully completed the freshman year at Marymount University. Financial need is considered, as well as academic standing.

Religious of the Sacred Heart of Mary Scholarship
Awarded annually to a deserving full-time undergraduate student demonstrating financial need.

Mary Lee Scatterday Scholarship
Awarded annually to an outstanding, full-time undergraduate student pursuing a degree in the field of art at Marymount University.

Jennifer Tino '94 World Trade Center Memorial Scholarship
Established by the family and friends of Jennifer Tino '94, who was killed on September 11, 2001, in the World Trade Center. Awarded to an undergraduate School of Business Administration student with demonstrated need who maintains a minimum GPA of 3.0.

Steven C. Virbick Memorial Scholarship
Awarded to a full-time undergraduate student who has financial need and a B average or better.

Lettie Pate Whitehead Scholarships
Available to Christian women pursuing a degree in Nursing. Applicants must apply for financial aid, demonstrate need, and meet other eligibility criteria.

Elizabeth Wright Memorial Scholarship
Awarded to a talented undergraduate student seeking a career in the communication arts and demonstrating need.

Other Scholarships

These are other scholarships which have variable eligibility criteria, but do not require the filing of a FAFSA form. Students interested in these scholarships should contact the office listed.

Alumni Scholarship
Contributed by William C. Frogale, this scholarship is awarded to a full-time undergraduate who is a graduate of any Marymount school or is the child of a graduate of any Marymount school or college. Contact: Financial Aid Office

Kathleen O'Neill Bocek Scholarship
Awarded annually to a full-time sophomore student who displays outstanding qualities of fairness, honesty, and a positive attitude during the freshman year. Deadline is April 1. Contact: Financial Aid Office

Daniel Mack Cornell Endowed Scholarship
Granted to a junior or senior in Communications who has a record as an outstanding student in the field of communications with a minimum 3.4 GPA earned at Marymount or transferred from another educational institution. Applicant must also be carrying at least nine credit hours and working toward full-time student status (as defined by University policy), intend to pursue graduate study and/or a career in communications or writing, and be a U.S. citizen. Contact: Department of Communications, School of Arts and Sciences

Pablo Coto Endowed Scholarship
Supported by a fund established in memory of Pablo Coto. The scholarship is awarded annually to a senior student who exemplifies excellence in academics and leadership and demonstrates a deep spiritual commitment and loyalty to family and classmates. Deadline is April 1. Contact: Financial Aid Office

HR Leadership Scholarship
A $3,000 scholarship awarded to a full-time undergraduate pursuing a B.B.A. degree with an interest in human resource management. Sponsored by the HR Leadership Awards of Greater Washington. Applicants must maintain a B average. Contact: Office of Corporate Outreach

Ann Leary Finnegan Scholarship
Awarded annually to a full-time undergraduate Nursing student demonstrating academic promise and financial need. Contact: Department of Nursing, School of Health Professions

Leadership Scholarship
Awarded to members of the student government and the Co-Curricular Council who are serving the University in eligible leadership roles. Student Leadership Scholarship recipients must maintain a cumulative GPA of 2.5 or above. Contact: Student Activities Office

Dr. Linda R. McMahon Scholarship
Established in 2003 by the University's Board of Trustees in appreciation for Dr. McMahon's years of leadership and unflagging dedication to Marymount. Each year, the McMahon Scholarship will be awarded to a full-time undergraduate student who has completed two years of study at Marymount, maintained a GPA of at least 3.0, and demonstrated accomplishments consistent with Marymount's mission as a Catholic university. Contact: Office of Financial Aid.

Lisa Kristin Ola Memorial London Scholarship
Founded in 2002 by London alumni who wanted to support current students studying abroad with the London Program. After the May 2003 death of Lisa Ola '91, MBA '94, her family, friends, and fellow London alumni endowed this scholarship in her honor. Awards will be made each term—the fall, spring, and summer semesters—to undergraduate students enrolled in Marymount's London Program. The director of Study Abroad will review all applications and select award recipients based upon criteria such as grade point average and financial need. Contact: Office of Study Abroad.

ROTC Scholarship
Awarded by the U.S. Army on a competitive basis to outstanding young men and women interested in a military career option. Marymount offers on-campus partial resident scholarships on a space-available basis to students chosen as ROTC scholarship winners, and partial tuition scholarships to students enrolled in the ROTC program who do not win an ROTC scholarship. Contact: Financial Aid Office

Virginia Teaching Scholarship-Loan Program
The Virginia Department of Education offers teaching scholarship-loans for teacher education candidates in certain critical shortage endorsement areas. Men at the elementary and middle school levels and minority candidates in all teaching areas are also eligible for the Virginia Teaching Scholarship Loan Program. When the student completes his/her program, the scholarship-loan is totally forgiven if the student teaches for four semesters in the public schools of Virginia in the critical shortage field. If, upon completion of the program, the student does not teach, the scholarship-loan must be paid back to the Commonwealth of Virginia. This award is available only if funded by the Virginia legislature. Contact: School of Education and Human Services

Student Employment

Federal College Work Study (FWS) makes on-campus jobs available to students with demonstrated financial need. The earnings are not credited to student accounts, but are paid directly to the student each month. Jobs are assigned through the Office of the Dean for Student Development. Students must follow financial aid application procedures.

Campus Employment
The University employs a large number of full-time students and pays them from its own resources. Students who are not eligible for FWS awards may apply for employment under this program. Applications are available from the Office of the Dean for Student Development.