U.S. Presidential Order Eases Student Loan Burden

President Barack Obama signed a Presidential Memorandum on Monday, June 9, making as many as five million more people eligible for the “Pay as You Earn” student debt repayment program.

The program sets a cap on student loan payments at 10 percent of monthly income. It also erases outstanding debt if a balance remains after as few as 10 years, depending on income and occupation. There are also other federal repayment plans available.

St. Mary’s University offers a variety of scholarships and financial aid. After gift aid is applied, self-help aid can be used for the balance. For more information, please view the student loan repayment options and use our net price calculator.

If you have any questions or concerns, our counselors will be glad to assist you.

Contact Us
Financial Aid
Located on the first floor of Charles Francis Hall
St. Mary’s University Box #41
One Camino Santa Maria
San Antonio, Texas 78228
fax 210-431-2221

St. Mary’s University repeatedly has been nationally recognized for its commitment to service and community engagement. The Carnegie Foundation has given St. Mary’s its prestigious Community Engagement Classification, and St. Mary’s has received the Presidential Award from the President’s Higher Education Community Service Honor Roll, the highest federal recognition for service in higher education. St. Mary’s University is a Catholic and Marianist university with a tradition of academic excellence.