by our College Data Analytics TeamRather 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.
$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.
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.
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.
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.
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 Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 41.56% | $5,642.00 |
| Income 30k-48k | 2.86% | $5,523.00 |
| Income 48k-75k | 1.56% | $4,802.00 |
| Income 75k-110k | 0.78% | $3,106.00 |
| Income 110k + | 0.00% | $0.00 |
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.
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.
Check out the Tuition and Fees page or the Cost Per Credit Hour page to find out more.
References
More about our data sources and methodologies.
