About Financial Aid
Marymount Manhattan College awards need-based grants and 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: April 1 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 Student Aid Index (SAI) formula calculates the total financial resources of you and your parents (or spouse in some cases) based on the information provided on the FAFSA. The difference between the COA and the SAI is called the student’s “financial need.”
Cost of Attendance – Student Aid Index = 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, housing, food (formerly room and board) charges. Indirect costs include: books, supplies, personal needs, and transportation. 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.
General Financial Aid Eligibility Requirements
To be eligible for financial aid, students must:
- Be a U.S. citizen, national or permanent resident alien
- Be enrolled or accepted for enrollment, at least halftime, in a degree program
- Make satisfactory academic progress towards a degree
- Not be in default on a loan or owe a repayment on a previous financial aid award received at Marymount Manhattan College or any other institution
- Demonstrate financial need