U.S. News Recognizes Mount Saint Vincent for High Loan Repayment Rates
U.S. News and World Report recently recognized the College of Mount Saint Vincent for having higher than average loan repayment rates. Mount Saint Vincent is one of seven colleges and universities in New York State and one of 55 higher education institutions nationwide to be recognized for having higher than expected loan repayment rates.
The article, published Oct. 4, cited colleges that serve a disproportionate number of high-need students than still produce graduates with high student loan repayment rates. The College of Mount Saint Vincent is a federally-designated Hispanic Serving Institution, and more than 90 percent of the student body receives some form of financial aid. The federal benchmark for low-income families is less than $60,000 for a family of four.
According to the U.S. News article, the College’s 2009 loan repayment rate was 63 percent, with 34 percent of students receiving Pell Grants. This translates to an 11 percent over performance rate, according to the article.
For more information on the College of Mount Saint Vincent, please visit www.mountsaintvincent.edu.
About the College of Mount Saint Vincent
Founded in 1847, the College of Mount Saint Vincent is a co-educational, independent institution rooted in the spirit and mission of the Sisters of Charity and committed to the liberal arts. The College’s undergraduate and master’s level degree programs prepare its uncommonly diverse students for lives of professional achievement and service.