Types of Aid

Grants

The Federal Pell Grant program provides federal gift aid for students. The grants range from $400 to $6,195 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 (FSEOG) is awarded to eligible full-time undergraduate students who demonstrate the highest level of financial need. Qualified students can be awarded grants of up to $4,000 per academic year. Students must follow financial aid application procedures to apply.

Marymount 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 financial need.

The Virginia Tuition Assistance Grant (VTAG) Program is not based on financial need and 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 Office of Financial Aid. The program is funded by the Commonwealth of Virginia.

Marymount participates in the Yellow Ribbon Program, part of the Post-9/11 GI Bill that provides grants to eligible veterans pursuing undergraduate or graduate degrees. The U.S. Department of Veterans Affairs (VA) matches this amount. Eligibility requirements are available through the VA or Marymount’s Office of Student Affairs.

Loans

The Federal Direct 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. Contact the Office of Financial Aid for details on this loan.

The Federal Direct Subsidized Loan is for students enrolled in a degree program on at least a half-time basis; 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 Office of Financial Aid provides information on obtaining this loan with award letter notification. Students must complete the financial aid application process and demonstrate need in order to qualify. Students who plan to pay tuition through a Federal Direct Subsidized Loan should apply for this loan in time for it to be processed before registration.

The Federal Direct Unsubsidized Loan is available to students who do not demonstrate need. The terms are the same as those for the Federal Direct Subsidized Loan except that the student is responsible for the interest while in school.

Scholarships

Marymount University offers several performance-based academic/service scholarships. All scholarships are designed for full-time, first-degree undergraduates and can be applied to undergraduate tuition only, unless otherwise specified. Scholarships are renewable for four years of full-time study providing the student maintains a cumulative GPA of at least 2.5. Transfer students are eligible for some scholarships as well. Please see the following list for eligibility criteria and other details about Academic/Service Scholarships. Students interested in these scholarships should contact the Office of Admissions.

Marymount also has a number of need-based and merit scholarships funded by generous donors to the university. Students deserving consideration for such scholarships are typically identified by a school or department within the university. For further information about all available scholarships, contact the Office of Admissions or the specific school or department.

Academic/Service Scholarships

Clare Boothe Luce Scholarship

Offered pursuant to a major bequest to the university by Mrs. Luce.

The fund provides scholarships and support to highly qualified female undergraduate students to encourage them to study and earn a degree in biology, information technology/computer science/data science, or mathematics. Students who are committed to further study in the medical sciences are not eligible. Awards are made solely on the basis of merit. This scholarship cannot be used for study abroad or international travel. Eligibility is limited to women who are U.S. citizens or permanent residents of the U.S. Applications received by February 1 will be given priority consideration; late applications are accepted until May 1, contingent upon funding.

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 of $2,500 can be added to any existing Marymount merit scholarship. Scholars must continue full-time enrollment, maintain good academic standing, and complete 60 hours of volunteer service work each semester. Applications received by March 1 will be given priority consideration; late applications are accepted until May 1, contingent upon funding.

Marymount University recently signed a partnership with TheDream.US, the nation's largest college access and success program for DREAMers. This is an external scholarship for students with DACA and TSP status. For eligibility, application, and deadlines, please see TheDream.US National Scholarship website at www.thedream.us/scholarships/national-scholarship.

Merit Scholarships

Eligible, new full-time transfer students who intend to earn their first bachelor's degree are automatically offered the highest scholarship for which they qualify. Full-time students can renew the scholarship if they maintain a cumulative GPA of at least 2.5.

Student Employment

Federal Work-Study (FWS)

This program makes on-campus jobs available to students with demonstrated financial need. FWS eligibility is determined by the Financial Aid Office. To qualify for this program, students must be eligible to work in the U.S. and be enrolled full time at the time of application.

All students in this program are paid by paycheck based on a two-week pay cycle. The earnings are not directly applied to student accounts. Before students can be paid, they will be required to complete federally mandated employment paperwork, including an I-9 form, which establishes identity and work authorization, as well as federal and state tax forms. Students may also elect to complete a direct deposit form to have their paycheck sent directly to a bank of their choosing. Students must also follow financial aid application procedures by filing a FAFSA. (For further information, see the Financial Aid Application Procedure.)

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. Students apply for jobs through the Handshake website. Student employment is managed by the Center for Career Services.