Saint Leo Financial Aid in 2022 (Detailed Guide)
Expense planning is an important part of the college application process. You may not know how many different things you need to do to pay for tuition and apply for Saint Leo financial aid.
Saint Leo Financial Aid is funding that helps pay for college costs and gives you the opportunity to further your career goals. It can come from scholarships, work-study jobs, grants, and loans.
Our easy introduction will walk you through the basics of accessing funds and launching your future in Saint Leo!
About the University of San Leo
Saint Leo University ranking is n. 29, is a private Roman Catholic liberal arts college in St. Leo, Florida. It was established in 1889. The university is associated with the Holy Name Monastery, a Benedictine convent, and the Abbey of San Leo, a Benedictine monastery. Both the university and the abbey are named after Pope Leo the Great, Bishop of Rome from 440 to 461. The name also honors Leo XIII, who was Pope at the time, and Leo Haid, then abbot of Maryhelp Abbey in North Carolina. , now Belmont Abbey, who was involved in the founding of the college and served as its first president.
The first Roman Catholic university in Florida, Saint Leo is one of the five largest Catholic universities in the United States. It enrolls students at the traditional University Campus, at more than 40 educational centers and offices, and through its Online Learning Center. University-wide, Saint Leo educates students from all 50 states, the District of Columbia, three US territories, and more than 80 countries. As of spring 2017, the total enrollment was 16,207 students, of which 2,088 were on campus.
Saint Leo was one of the first American universities to provide distance learning opportunities to students, beginning with the education of military men and women in 1973 during the Vietnam era at the height of the anti-war movement. Saint Leo University offers more than 40 associate, bachelor’s, and master’s degrees and certificate programs and launched its first doctoral program in 2013. As of fall 2016, the faculty included 219 full-time faculty and 1,157 adjunct faculty members. fully qualified faculty.
How much does Saint Leo University cost?
Knowing what the cost of school is Step #1 in managing college costs. There’s more to think about besides tuition: You also need to consider where you’ll be living, what you’ll be eating, and more while attending Saint Leo University.
“Cost of Attendance” is the total amount of money the average student has to pay, WITHOUT any use of Saint Leo financial aid, to attend a particular school. Think of it like the price tag of a school. It includes not only Saint Leo University tuition and fees, but also room, board, textbooks, and personal expenses.
Here is the breakdown of the cost of attendance for Saint Leo University:
- Tuition and Fees: $19,920.
- Room – $5,000.
- Board – $4680.
- Textbooks – $1,200.
- Other expenses: $2,400.
- Typical total cost for on-campus students: $33,200.
- Typical total cost for off-campus students: $34,215.
How much debt is typical for Saint Leo University students?
Your accumulated student loan debt can affect your financial life long after college is over. Ideally, your total student loan debt should be below your anticipated starting salary once you graduate.
At Saint Leo University, the average federal loan debt among borrowers who have completed their college degree is $25,943. The median monthly federal loan payment (if repaid over ten years at 5.05% interest) for graduating federal student loan borrowers is $248.
- Typical total federal loan debt after graduation: $25,943.
- Typical total federal loan debt among those who did not graduate: $7,875.
How much financial aid do Saint Leo University students receive?
The cost of attendance mentioned above can be daunting. The positive side is that many students do not pay full price to participate in Saint Leo University. Financial assistance helps distinguish between the cost of attendance and what families can manage.
Here we will cover how many students receive financial aid from Saint Leo, what type of aid they receive, and how much.
A Brief Introduction to Saint Leo Financial Aid
Help can be found in many forms, including:
- Need-Based Grants
- Merit-Based Scholarships
- student loans
This financial aid from Saint Leo originates from several places:
- Federal aid comes from the federal government or is funded by the federal government.
- Institutional support comes from your own school.
To Check Saint Leo University Application Status CLICK HERE
Let’s talk about the number of Saint Leo University students who actually have to get student loans. The ideal goal is to graduate with little or no debt.
It is very common for college graduates in the US to end up with some financial obligation. However, a large number of students applying for loans at a specific school is a huge red flag. On the other hand, the low proportions of students with loans mean that Saint Leo University tuition is profitable.
So how many students end up receiving loans at Saint Leo University?
68% have ANY loan. This is 2% higher than the average for nonprofit personal schools, which is 66%.
The high number of student loans is a warning, and Saint Leo University is above average. It doesn’t always mean that students end up with a lot of financial obligations; we will address that question very soon; however, it suggests that Saint Leo University is less affordable for the average student.
To break this down further, we need to understand how much real debt the typical individual gets while in school. Next, we will look at the amounts of student financial obligations.
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Now that you know the basic details of the University of Saint Leo loan, we will go into more detailed information about the types and amounts of loans that students normally have.
We’ll start with federal loans because, in general, federal loans are more effective than private loans. Federal loans tend to have low interest rates, which means they cost less in the long run. They can come with other benefits (like subsidies and even options for loan forgiveness).
High federal loan portions or amounts are still not a good indication—again, you don’t want to see students saddled with excessive debt. Typically, schools with strong Saint Leo financial aid programs will have students with more federal loans than private loans.
At Saint Leo University, 68% of all students take out federal loans. This is 3% HIGHER than the typical percentage of nonprofit private school students, which is 65%.
The average annual federal loan amount at Saint Leo University is $6,354. This amount is $277 MORE than the average for private non-profit schools of $6,077.
Other personal loans
Other loans, or private loans, are the last resort students turn to when spending for college. They are the least preferable type of financial aid due to the fact that they have a higher interest rate and cost students the most money in the long run.
Typically, the fewer students take private loans and the smaller the loan amount, the cheaper Saint Leo University is.
At Saint Leo University, 6% of students take out private loans. This is 3% LESS than the average for non-profit personal schools, which is 9%.
Just as crucial as the portion of student personal loans is the average loan amount. The lower the average loan amount, the better:.
The typical personal loan amount at Saint Leo University is $9,992. This is $1,452 LESS than the average for nonprofit private schools, which is $11,444.
The percentage of students who obtain federal loans is higher than the percentage of those who obtain private loans, which is an excellent indicator. This means that lower-interest federal loans are generally enough to pay for Saint Leo University.
To Check Saint Leo University Undergraduate Programs, Click Here
Grants and Scholarships at Saint Leo University
There are various federal grants and other grant funds available to students. Explore the options below.
1. University Grants and Scholarships
Saint Leo University offers a variety of grants and scholarships for; eligible first-time college students (and some eligible transfer students) going to college campus. Students with questions should call their admissions counselor or (352) 588-8283.
2. Private University Scholarships
These awards are privately funded scholarships offered to Saint Leo students.
3. Corporate Assistance
Many corporations offer partial or full financial aid for workers returning to post-secondary school. Under IRS regulations, your business may offer you $5,250 per year in educational support benefits for undergraduate or graduate courses. And many companies will pay 100% of the costs associated with a degree if you’re looking for a place of study related to your current position.
Stop by your employer’s benefits department to see if they offer tuition reimbursement or other incentives. Then call a Saint Leo University enrollment therapist to discuss our online programs. apply here
External Scholarship Opportunities
Saint Leo University accepts scholarships from outside sources. Students are responsible for applying and completing the process to obtain these scholarships. When a student receives an outside scholarship, notify the Student Financial Solutions office of the scholarship amount and the awarding company.
Saint Leo University is not associated with the outdoor scholarship election procedure. Saint Leo University does not guarantee that students seeking external financial support will receive assistance from these companies.
When searching for scholarships, pay attention to who is applying and sharing your information. A legitimate company or service would never guarantee or secure scholarships or grants.
A genuine company would also not require your checking account, bank details or credit card number. Be very careful who you choose to share your Social Security number with.
How generous is Saint Leo’s financial aid?
Let’s see how generous Saint Leo University is to its students: 93% Get ANY scholarship.
This is 11% HIGHER than the average for private non-profit schools, which is 82%. Since more Saint Leo University students are getting institutional aid, it is likely to offer quite competitive financial aid.
This suggests that fewer students will need to borrow to pay for college. The amount of money students receive is just as crucial (if not more vital) than the percentage of students who get scholarships. If you receive a grant, you want it to be large enough to be of some use to you.
How many college students get scholarships?
5,821 students at the University of San Leo receive financial aid (about 67.0% of the university population of San Leo). The normal amount these students receive is $13,148.
Is this Saint Leo university really worth it?
Yes, Saint Leo University ranks #1704 out of 2540 in value nationally. Based on our analysis of other similarly priced universities, we believe Saint Leo University is overpriced for its quality education.
College will be a crucial phase in their development. Going to a much better and more reliable college will pay off in the long run. By going to a better university, you will be surrounded by a fascinating neighborhood, you will find that it is easier to get a job and you will have a chance that Saint Leo University is the best one for you.
To contact Saint Leo’s financial aid number, call (800) 240-7658