Due to the limited amount of campus-based funds, not all students eligible for these funds will receive them. Financial need is determined by a federal formula which analyzes a family's financial situation. Items such as the parent's income and assets, the number of dependents in their household, the number of family members currently in post-secondary education, student's income and assets and cost of the educational program as well as other factors are used to determine a student's eligibility for financial assistance. The educational costs considered by the school in determining eligibility are tuition, room, board, fees, travel expenses, books and an allowance for personal expenses. Financial Aid funds will not be disbursed until after final registration for each semester.
Information regarding the scheduled fee payment days is provided during registration.
Direct crediting is the process of automatically applying financial aid funds directly toward student charges. Charges may include tuition, fees, and room and board. All loans, grants, and scholarships processed by the institution will be automatically credited. Students whose charges are less than the financial aid received will receive a refund check. Transfer Students Students transferring to the University of Mary are required to submit a Financial Aid Transcript from each post-secondary school previously attended.