St. Mary's College of Maryland
Faculty & Students on Campus


For further information, contact:

Office of Institutional Research and Reporting
Glendening Hall

Elizabeth A. Clune-Kneuer, M. Ed.
Assistant Director of Institutional Research
Clayton A. Hartley, M.S.
Assistant Director of Institutional Reporting 

Alternative Tuition Plans

How to Pay Tuition

Students may wish to plan for their future tuition and fee bills by reviewing the calendar of billing and due dates for future semesters.

Disbursement of Loans

The College's Financial Aid Office participates in the Federal Family Education Loan Program (FFELP). Students have the option of having loans sent to the College through electronic funds transfers (EFT) or hard copy checks.

The disbursement of loan funds is handled by the cashier in the Business Office. All loan funds will be delivered to students within ten days after receipt at the College. To ensure loan funds are received timely, please be sure to complete the required paperwork with the Financial Aid Office within the stated deadlines.

Direct Lending: The New System

If you wish to borrow, here is the 3-step process:

  1. Student must complete Free Application for Federal Student Aid (FAFSA).
  2. Department of Education PLUS application- the parent borrower must complete at In the box "Manage My Direct Loan," first Sign In, then click "Request a Direct PLUS Loan."
  3. Master Promissory Note (MPN)-the parent borrower must complete at  In the box "Manage My Direct Loan," first Sign In, then click "Complete Master Promissory Note."  Please note:  If you have previously borrowed a PLUS loan at St. Mary's for the same student, it is not necessary to complete a new MPN.
  • Current fixed interest rate 7.9%

  • Maximum loan amount for which a parent may apply is financial aid cost of attendance minus any previously awarded financial aid.Flexible repayment terms with up to 10 years to repay, which includes interest-only payments or deferring principal and interest payment while the student is enrolled.Interest may be tax-deductible.

  • No penalty for early repayment or payoff.

  • Provides a built-in insurance for death and disability that applies to both the borrower and the student at no additional cost. 

  • Federal regulations require two equal disbursements, so PLUS funds will be applied to your student's St. Mary's account by electronic funds transfer, half in the fall and half in the spring.

  • Please note:  Due to loan fees charged by the federal government, the PLUS disbursement each semester will be 4% less than the amounts actually borrowed.  

  • Even though the parent is technically the PLUS borrower, some of our parents have made arrangements with their students to share in the repayment.

  • We recommend that you apply for the entire 2012-13 academic year at one time (rather than a semester at a time) so that a credit check will only be performed once, as that makes for easier processing.

  • If the parent is denied a PLUS loan due to credit reasons, then there will be two options:

    • The parent may obtain an endorser for the amount requested, OR

    • The student would be eligible for additional unsubsidized Federal Direct Loan (up to $4,000 for freshmen and sophomores and up to $5,000 for juniors and seniors).

Aerial view of St. Mary's College of Maryland campus

St. Mary's College of Maryland
18952 E. Fisher Rd
St. Mary's City, MD 20686-3001