About Financial Aid

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 student contribution.

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.

2019-2020 Marymount Manhattan College Budgets*

Dependent Commuter Students			Dorm Resident/Off-Campus Students
Tuition and fees (full-time)	$37,410		Tuition and fees (full-time)	$37,410
Home Maintenance	$5,700		Room	$16,680
Books	$1,000		Board	$2,700
Transportation	$1,500		Books	$1,000
Personal Expenses	$5,000		Transportation	$1,500
			Personal Expenses	$5,000
Total	$50,610		Total	$64,290

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

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 have had eligibility suspended or terminated due to a drug-related conviction
• Register with the Selective Service Administration, if required to do so
• 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