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Cost of Attendance

Below are the estimated costs of attendance for the academic years expected to attain a degree for:

  • A Resident Student living in MMC Housing for the first 2 years
  • A Student living Off-Campus
  • A Student Living at Home

Estimated Cost for Resident Student

Residing in MMC Housing first 2 years

The following are the estimated costs of attendance for the academic years expected to attain a degree. The estimate for room is based on students living in MMC Housing at Cooper Square in their second year and living off campus in their 3rd and 4th year sharing the cost of rent with 1 or 2 students. Note that these are estimates and may be subject to change:

Estimated Total Cost of Year 1
MMC Residents
 at 55th Street
Full-Time 
Tuition 32,210
Fees 1,568
Room 14,832
Board 2,000 
Books 1,000 
Transportation 1,200 
Personal 5,300 
TOTAL $58,110
Estimated Total Cost of Year 2
MMC Residents
Cooper Square
Full-Time 
Tuition 33,804
Fees 1,646
Room 15,346
Board 2,000
Books 1,000
Transportation 1,200
Personal 5,300
TOTAL $60,296
Estimated Total Cost of Year 3
Living Off campus Full-Time
Tuition 35,478
Fees 1,728
Room 10,500
Board 2,000
Books 1,000
Transportation 1,200
Personal 5,300
TOTAL $57,206
Estimated Total  Cost of Year 4
Living Off campus Full-Time
Tuition 37,518
Fees 1,814
Room 10,500
Board 2,000
Books 1,000
Transportation 1,200
Personal 5,300
TOTAL $59,332

Estimated Cost for Off-Campus Student

The following are the estimated costs of attendance for the academic years expected to attain a degree. Note that these are estimates and may be subject to change:

Estimated Total Cost of Year 1
Living Off campus Full-Time 
Tuition 32,210
Fees 1,568
Room 10,500 
Board 2,000 
Books 1,000 
Transportation 1,200 
Personal 5,300 
TOTAL $53,778
Estimated Total Cost of Year 2
Living Off campus Full-Time 
Tuition 33,804
Fees 1,646
Room 10,500
Board 2,000
Books 1,000
Transportation 1,200
Personal 5,300
TOTAL $55,450
Estimated Total Cost of Year 3
Living Off campus Full-Time
Tuition 35,478
Fees 1,728
Room 10,500
Board 2,000
Books 1,000
Transportation 1,200
Personal 5,300
TOTAL $57,206
Estimated Total  Cost of Year 4
Living Off campus Full-Time
Tuition 37,518
Fees 1,814
Room 10,500
Board 2,000
Books 1,000
Transportation 1,200
Personal 5,300
TOTAL $59,332

Estimated Cost for Student Living at Home

Living at home or with relatives

The following are the estimated costs of attendance for the academic years expected to attain a degree. Note that these are estimates and may be subject to change:

Estimated Total Cost of Year 1
Living at home Full-Time 
Tuition 32,210
Fees 1,568 
Home Maintenance 5,700
Books 1,000 
Transportation 1,200 
Personal 5,300 
TOTAL $46,978
Estimated Total Cost of Year 2
Living at home Full-Time 
Tuition 33,804
Fees 1,646
Home Maintenance 5,700
Books 1,000
Transportation 1,200
Personal 5,300
TOTAL $48,650
Estimated Total Cost of Year 3
Living at home Full-Time
Tuition 35,478
Fees 1,728
Home Maintenance 5,700
Books 1,000
Transportation 1,200
Personal 5,300
TOTAL $51,406
Estimated Total  Cost of Year 4
Living at home Full-Time
Tuition 37,518
Fees 1,814
Home Maintenance 5,700
Books 1,000
Transportation 1,200
Personal 5,300
TOTAL $53,532

College Navigator Information 

Median Borrowing:
Students at MMC typically borrow $23,000 in Federal Student loans for their undergraduate study. The Federal loan payment over 10 years for this amount is approximately $236 per month. Your borrowing may be different.

Loan Default Rate:
Percentage of borrowers entering repayment and defaulting on their loan. MMC’s loan Default rate is 6.7%. The national cohort default rate is 11.3% percent as published by the Department of Education.

Graduation Rate: 44% (Percentage of first-time, full-time students who graduate within 6 years).  Published Graduation rate includes students who began attending in 2008. 

 Note that not all students at the institution are tracked for these rates. Transfer students or students who began their studies on a part-time basis, are not tracked for this rate. At MMC, 78 percent of entering students were counted as “full-time, first-time” in 2014.

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Glossary of Terms

Cost of Attendance (COA): The total amount (not including grants and scholarships) that it will cost you to go to school during the 2017-2018 school year. COA includes tuition and fees; housing and meals; and allowances for books, supplies, transportation, loan fees, and dependent care. It also includes miscellaneous and personal expenses, such as an allowance for the rental or purchase of a personal computer; costs related to a disability; and reasonable costs for eligible study-abroad programs. For students attending less than half-time, the COA includes tuition and fees; an allowance for books, supplies, and transportation; and dependent care expenses.

Total Grants and Scholarships: Student aid funds that do not have to be repaid. Grants are often need-based, while scholarships are usually merit-based. Occasionally you might have to pay back part or all of a grant if, for example, you withdraw from school before finishing a semester.

Net Costs: An estimate of the actual costs that you or your family will need to pay during the 2017-2018 school year to cover education expenses at a particular school. Net costs are determined by taking the institution’s cost of attendance and subtracting your grants and scholarships.

Work-Study: A federal student aid program that provides part-time employment while you are enrolled in school to help pay your education expenses.

Loans: Borrowed money that must be repaid with interest. Loans from the federal government typically have a lower interest rate than loans from private lenders. Federal loans, listed from most advantageous to least advantageous, are called Federal Perkins Loans, Direct Subsidized Loans, Direct Unsubsidized Loans, and Direct PLUS Loans. You can find more information about federal loans at StudentAid.gov.

Family Contribution (also referred to as Expected Family Contribution): A number used by a school to calculate how much financial aid you are eligible to receive, if any. It’s based on the financial information you provided in your Free Application for Federal Student Aid (FAFSA). It’s not the amount of money your family will have to pay for college, nor is it the amount of federal student aid you will receive. The family contribution is reported to you on your Student Aid Report, also known as the SAR.

Graduation Rate: The percentage of students who graduate from an institution. This shows students who began their studies as first-time, full-time degree-or certificate-seeking students and completed their degree or certificate within 150 percent of “normal time.” For example, for a four-year school, the graduation rate would be the percentage of students who completed that program within six years or less.

Loan Default Rate: The percentage of student borrowers – undergraduate and graduate – who have failed to repay their federal loans within three years of leaving a particular school. A low loan default rate could mean that the institution’s students are earning enough income after leaving school to successfully repay their loans.

Median Borrowing:The amount in federal loans the typical undergraduate student takes out at a particular institution. It also indicates the monthly payments that an average student would pay on that amount using a 10-year repayment plan.

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Responsibilities of Financial Aid Recipients 

A Financial aid Recipient must:

Report to Marymount Manhattan College Office of Financial Aid any change in marital, enrollment, New York residency or campus housing status and any additional earnings, funds, or support received from any source.  Any such change may result in a reduction of awards and/or may require repayment of financial aid already disbursed.

Contact the Center for Student Services prior to a change in status.  Withdrawal from classes, a change in the number of credits enrolled or other circumstances, can result in financial aid adjustments or ineligibility.

Students are considered in attendance until they officially withdraw from school.  A student who leaves school voluntarily or drops a course, must do so through the Office of Academic Advisement and will be charged according to the Colleges forfeiture policy as published in the College Catalogue.

 

Steps in Withdrawal Process:

Submit all requested documentation to the Office of Financial Aid in a timely manner.  Awards cannot be finalized until all documents have been received and reviewed by a Financial Aid Counselor.

Accept the responsibility for repayment of any loans awarded and complete an exit counseling session prior to graduation or withdrawal so that your rights and responsibilities as a loan borrower can be explained.  Students must complete Exit Counseling at www.nslds.ed.gov (College records may be withheld for failure to complete or attend an exit counseling session).  Loans are legal obligations that must be repaid according to the terms of your promissory note.

Maintain satisfactory academic progress in the course of study pursued, according to Marymount Manhattan College’s Academic Policies and Procedures as published in the College Catalogue or at http://www.mmm.edu/offices/center-for-student-services/standards-of-academic-progress.php

Adhere to all official Marymount Manhattan College academic and administrative policies (as published in the College Catalogue) to avoid forfeiture of financial aid.


Important Notice:

Financial Aid programs are contingent upon Federal, State and Institutional appropriations and regulations.

The College reserves the right to adjust awards.

  • Unless otherwise indicated, the Financial Aid offer is based on full-time study.
  • The Financial Aid award(s) may be adjusted if the student enrolls less than full-time or in courses that are not applicable to fulfill degree requirements.
  • Declined awards will not be replaced with other aid.
  • Students are billed by semester for tuition/fees & (if applicable room charges/meal plan) based on their enrollment.
  • MMC Institutional grants/scholarship, Federal grants & loans will be credited to your account once you have completed all required processing steps, meet eligibility standards and enrollment is confirmed.

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If you have questions, please contact:

Center for Student Services
(212) 517-0500
FinancialAid@mmm.edu