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  • Allegany College of Maryland/
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Allegany College of Maryland
Cumberland, Maryland
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What Allegany College of Maryland Fin Aid Are You Eligible For?

Financial assistance, such as scholarships, loans, and work-study is the way colleges lower the expense of attendance so many students can actually afford to attend.

Having said that, some types of assistance will be more desireable than others, and a few students will receive more than others. Find out more below.

Topics of Discussion

  • Financial Aid for First Years
  • Scholarships & Grants for First Years
  • Financial Assistance by Income
  • Student Scholarship Breakdown
  • Link to Allegany College of Maryland Financial Aid Calculator
  • Additional Financial Aid Resources

What Amount of Financial Aid is Offered?

Allegany College of Maryland's average financial aid plan for new first year students is $11,692. Around 89.0% of new students receive some money for college, the majority of which is in the form of loans.

Is it a Reduction?

Student loans are a part of financial aid offers, however the only true discount from the expense of college is a scholarship or grant that you don't need to repay.

Apply for Scholarships
Student Loans at Allegany College of Maryland

A college loan is not a legitimate college discount, but rather an additional cost consideration. See how much student loan debt from Allegany College of Maryland you could end up taking on.

How Much Aid Is Available That I Don't Have to Repay? (A.K.A. Scholarships & Grants)

The numbers and the chart below reference mainly grants from federal sources, plus some local and state grants. 59.0% of first years at Allegany College of Maryland (234 total) were awarded a federal grant, averaging $4,704. In addition to grants, 46.0% of first years (183 total) got scholarships by the college, totaling $1,262 each.

How are grants and scholarships allocated to freshmen at Allegany College of Maryland? View the graph listed below.

Scholarships, Grants... What's the Difference?

Grants are normally based on need while scholarships are merit-based.

How Family Income Affects Aid

The next chart demonstrates grant and scholarship distributions by family income for freshman students getting any form of federal Title IV assistance, such as Federal PLUS loans.

Income LevelPercent of FreshmanAverage Assistance
Income 0-30k47.0%$5,387
Income 30k-48k1.3%$5,166
Income 48k-75k1.8%$3,979
Income 75k-110k3.3%$1,827
Income 110k +0.8%$836
Title IV Aid

Financial assistance by the government through loans, grants, and work-study is referred to as Title IV aid. Get more info on Title IV here..

The Average Undergraduate Who Gets a Grant or Scholarship Obtains $3,534

89.0% of the 2,585 undergraduate students at Allegany College of Maryland obtain some form of grant aid. A total around 2,313 students benefiting from about $3,534 each.

Looking for Detail About Tuition and Fees Costs?

Check out the Tuition and Fees page or the Cost Per Credit Hour page for more information.

Financial Aid Links from Allegany College of Maryland

Financial Aid Department Websitewww.allegany.edu/finaid/
Net Price Calculatorservices.allegany.edu/netprice/
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