Edited sentence: In 2003, the College awarded more than $10 million in student financial aid.Mount Aloysius College participates in all federal and state programs.Mount Aloysius recognizes the expense involved in acquiring a liberal arts education and encourages all students to apply for all available aid.News & World Report ranked Mount Aloysius College number one among private liberal arts colleges in the Northeast for the least amount of loan debt among students as they graduate.Ninety percent of the College's students receive some form of financial aid.The College awards academic monies based on GPA and SAT or ACT scores; these awards are renewable over a four-year period and range from $1000 to $8000 per year.Through the Office of Financial Aid, the College assists students in applying for state and federal grants, loans, work-study awards, and College merit scholarships and grants