What Percentage of Students Receive Financial Assistance?
$8,888 is the standard College of Southern Maryland's freshman financial aid package. Approximately 39.0% of freshman students obtain some financial aid, the majority of which is loans.
Loans come bundled into financial aid offers, however the only true discount off of the cost of college is a scholarship or grant that you do not need to pay back.
A college loan isn't a genuine college price reduction, but rather an additional cost consideration. See how much student loan debt from College of Southern Maryland you could end up dealing with.
How Much College of Southern Maryland Aid Is Available That Won't Put Me in Debt?
The stats plus the graph following reference mainly federal grants, plus some local and state grants. 24.0% of freshmen at College of Southern Maryland (248 total) received a federal grant, averaging $5,269. In addition to grants, 15.0% of freshmen (156 total) got scholarships by the college, averaging $1,314 per student.
See the usual volume of scholarships and grants freshmen get by looking at the graph below.
Scholarships are awarded based on merit, while grants are given based on financial need.
How Income Level Affects Financial Aid
Discover just how much grant and scholarship assistance you might plan to be given determined by your family income. The table following displays first year students getting federal aid which includes PLUS loans.
| Income Level | Percent of Freshman | Average Assistance |
|---|---|---|
| Income 0-30k | 11.5% | $6,087 |
| Income 30k-48k | 6.0% | $5,935 |
| Income 48k-75k | 7.1% | $2,928 |
| Income 75k-110k | 1.8% | $951 |
| Income 110k + | 5.2% | $377 |
Title IV aid features grants, loans, or work-study given from the government commonly determined by need. Learn more here.
The Average Undergraduate Receiving a Grant or Scholarship Obtains $4,455
31.0% of the 6,882 undergraduate students at College of Southern Maryland obtain some sort of grant aid. This is a total of about 2,109 students obtaining an average of $4,455 per person. The majority in the form of Pell Grants.
Check out the Tuition and Fees page or the Cost Per Credit Hour page for more info.
Financial Aid Information at College of Southern Maryland
| Financial Aid Department Website | https://www.csmd.edu/costs-aid/ |
| Net Price Calculator | www.csmd.edu/Financial/NPC.html |
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