by our College Data Analytics TeamThe majority of students will never be charged the full sticker price of a school. Rather, they are offered a financial aid plan that includes a mix of loans, grants, scholarships, and possibly work-study opportunities. The total price of attendance at McDaniel College can feel overpowering, but remember that the majority of students receive some sort of financial assistance.
Just what financial assistance solutions will McDaniel deliver, and just what are you going to be eligible for? Read on for answers. Keep reading to see how much school funding could be available to you.
The amount of financial aid and scholarships you are eligible for will vary depending on your family’s income. Continue reading to find information to help you understand just how much assistance you can expect to receive from McDaniel College.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. Some kinds of aid are clearly preferable to others, and outcomes differ across students.
Among first-time, full-time freshmen at McDaniel College, 100% of first-year full-time students received aid of some kind (about 424 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $40,721 |
| Institutional grants & scholarships | 100% | $35,433 |
| Federal Pell grants | 37% | $5,752 |
| State/local grants | 32% | $8,103 |
| Federal student loans | 61% | $5,222 |
The best aid is gift aid: grants and scholarships that carry no repayment obligation. At this school, approximately 100% of the undergraduate population received grant aid that averaged $37,655 (covering around 1659 students).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 100% | $37,655 |
| Federal Pell grants | 36% | $5,756 |
| Federal student loans | 58% | $6,250 |
Among title-IV aid recipients living on campus, grant and scholarship aid averaged $43,378.
The figures below show the average net price — cost after all grant and scholarship aid — broken out by family income.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $12,719 |
| $30,001 – $75,000 | $16,517 |
| Over $75,000 | $25,877 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
After grants and scholarships come off the published price, what remains is the net price — the best estimate of true out-of-pocket cost.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $21,916 |
| Off-campus title-IV students | $20,923 |
For a customized cost estimate, visit McDaniel’s NPC: mcdaniel.studentaidcalculator.com/survey.aspx.
The median student at McDaniel graduates with $15,000 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $15,000 |
| Median federal debt (graduates only) | $25,000 |
| Typical 10-year monthly payment (graduates) | $265.04/mo |
The 10-year payment estimate assumes a standard federal repayment plan and the median graduate debt amount.
Percentiles reveal the spread — half of all borrowers fall between the 25th and 75th percentiles. The figures below chart the debt distribution at McDaniel.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,347 |
| 25th percentile | $9,500 |
| 75th percentile | $28,500 |
| 90th percentile (highest-debt students) | $35,485 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,250 |
| Middle income | $15,819 |
| High income | $16,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,000 |
| Continuing-generation students | $17,450 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $16,683 |
These indicators are derived from the underlying debt data and summarize the overall picture at McDaniel.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The annual Stafford volume below reflects program activity at McDaniel:
| Metric | Value |
|---|---|
| Stafford loan recipients | 7174 |
| Total Stafford loan amount | $132,506,283 |
Veterans and active-duty service members may qualify for the Post-9/11 GI Bill or DoD Tuition Assistance.
Post-9/11 GI Bill activity
| Metric | Value |
|---|---|
| GI Bill recipients | 37 |
| Total GI Bill amount | $616,444 |
| Average GI Bill amount per recipient | $16,661 |
References
More about our data sources and methodologies.