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How Much Allegany College of Maryland Fin Aid Could You Qualify For?

Rather than paying the full sticker price for a college education, most students receive a financial aid package that eases the burden with scholarships, grants, loans, and work-study options, while the amount and type of aid may vary among students.

Interested in understanding the financial aid resources available at Allegany College of Maryland and your eligibility? Find the answers you seek below.

Table of Contents:

First-Time Students at Allegany College of Maryland: Estimating Financial Aid Opportunities

$5,460.00 is the typical Allegany College of Maryland’s first year financial aid package. Approximately 97% of incoming freshmen obtain financial assistance, with the majority being offered as grants and scholarships.

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Is it a True Discount?

Student loans come included in financial aid packages, however, the only true discount off of the price of college is a grant or scholarship that you do not need to pay back.

What About Student Loans?

Worried about the student loans that might be part of a financing offer? View the average amount of debt per student at Allegany College of Maryland.

As well as scholarships, 85% of freshmen (329 total) received a federal grant, for about $3,877.00 a person.

Number of Allegany College of Maryland Grants & Scholarships

The stats and the chart below refer to mainly grants from federal sources, and some local and state grants.

85% of first-year students at Allegany College of Maryland (329 total) obtained a federal grant, averaging $3,877.00.

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Amount of Financial Assistance Per Income Level

The table following demonstrates grant and scholarship distributions by income level for freshmen getting any sort of federally-funded Title IV aid, which includes Federal PLUS loans.

Income LevelPercent of FreshmanAverage Assistance
Income 0-30k41.56%$5,642.00
Income 30k-48k2.86%$5,523.00
Income 48k-75k1.56%$4,802.00
Income 75k-110k0.78%$3,106.00
Income 110k +0.00%$0.00

Title IV Aid

The table above shows students who are receiving Title IV aid, which is federal assistance from the government in the form of grants, loans, and work-study. Learn more.

The Typical Undergraduate Receiving a Grant or Scholarship Will Get $5,460.00.

Of the 385 undergraduate students at Allegany College of Maryland around 97% (369 total) receive some form of grant aid. The typical amount awarded was $5,460.00.The largest share of which are in the guise of Pell Grants.

Seeking Information on Tuition and Fee Expenses?

Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.

Notes and References

References

More about our data sources and methodologies.

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