About Financial Aid

Marymount Manhattan College awards need-based grants and all federal financial aid to students based upon the completed Free Application for Federal Student Aid (FAFSA). All current and prospective students are urged to complete a FAFSA form each academic year with the Department of Education. Our Federal School Code is 002769.

For full consideration of Marymount Manhattan College’s need based grants and federal aid programs including student and parent loans, all students must have a FAFSA on file that is officially processed by the Department of Education, no later than: March 15 for fall entrants and November 15 for spring entrants.

Only valid Financial Aid awards will appear on your bill. If there is a discrepancy or aid is missing, please contact the Center for Student Services. Balances not covered by financial aid must be paid by the designated due dates. In the event that the aid is received after payment has been made, a refund will be issued according to financial aid regulations and based on the existing credit on account.  For additional information, please refer to the section concerning Refund Policy. Students can view their award letters online on MMC Connect.

COST OF ATTENDANCE

The Cost of Attendance (COA) includes tuition, fees, books and supplies, room and board, transportation and personal expenses.  The Estimated Family Contribution (EFC) consists of the expected parental contribution and/or student contribution, based on the student’s status as a dependent or independent student.

The EFC is calculated in a consistent and equitable manner using Federal Methodology, a standard formula established by the U.S. Congress, which determines a family’s contribution based on the information provided on the FAFSA. The difference between the COA and the EFC is called the student’s “financial need.”

Cost of Attendance – Expected Family Contribution = Financial Need

A student’s financial planning should begin with an estimate of the total cost of attending MMC for one academic year. Direct costs include: tuition, fees, room and board charges. Indirect costs include: books, supplies, personal needs, and travel. The Office of Financial Aid establishes standard budgets, adjusted for such variables as enrollment status, dependency status, and whether the student lives at home or in MMC’s residence halls.


 2015-2016 MARYMOUNT MANHATTAN COLLEGE BUDGETS*

Dependent Commuter Students 
Tuition and Fees (full-time) $28,700
Home Maintenance $5,700
Books      $1,000
Transportation  $1,200
Personal Expenses $4,300
Misc. $1,000
TOTAL $41,900

 

Dorm Resident/Off Campus Students
Tuition and Fees (full-time) $28,700
Room $13,500
Board      $2,000
Books $1,000
Transportation $1,200
Personal Expenses $4,300
Misc. $1,000
TOTAL $51,700

 

*Budgets are prorated for less than full time attendance and/or 1 semester attendance.

 

GENERAL FINANCIAL AID ELIGIBILITY REQUIREMENTS

To be eligible for financial aid, students must:

  • Be enrolled or accepted for enrollment, at least half time, in a degree program;
  • Be a U.S. citizen, national or permanent resident alien;
  • Make satisfactory academic progress in their program of study;
  • If male, be registered with the Selective Service, if required;
  • Not have had her/his eligibility suspended or terminated due to a drug related conviction;
  • Have a valid Social Security number;
  • Not be in default on a federal student loan or owe a repayment of a federal student grant;
  • Have financial need as determined by the FAFSA.