by our College Data Analytics TeamA large number 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 sum total of attendance at University of Maryland-College Park can sound overwhelming, but bear in mind that many students get some type of financial aid.
What financial aid options can UMCP offer, and what will you qualify for? Keep reading for more information. Read on to find out how much school funding will be available to you.
Eligibility for aid and scholarships is driven mostly by your household’s income and need. Use the information below to understand how much financial assistance you may get from University of Maryland-College Park.
Colleges use loans, grants, scholarships and work-study to minimize what students actually pay out of pocket. However, some types of aid are more desirable than others, and some students will receive more than others.
Looking at the entering class at University of Maryland-College Park, 67% of the incoming full-time class was awarded financial aid around 4123 new students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 55% | $12,867 |
| Institutional grants & scholarships | 48% | $9,909 |
| Federal Pell grants | 16% | $6,083 |
| State/local grants | 20% | $6,292 |
| Federal student loans | 21% | $5,131 |
Gift aid — grants and scholarships — beats loans every time because none of it has to be repaid. Across the undergraduate body at UMCP, around 53% of undergraduates were awarded grant or scholarship aid averaging $13,172 (for some 16074 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 53% | $13,172 |
| Federal Pell grants | 19% | $5,898 |
| Federal student loans | 22% | $6,188 |
For students living on campus and receiving title-IV aid, grants averaged $13,621.
How much a family pays depends heavily on income, because most aid is awarded on the basis of financial need.
| Family Income | Average Net Price |
|---|---|
| $0 – $48,000 | $5,087 |
| $30,001 – $75,000 | $10,000 |
| Over $75,000 | $24,738 |
These figures reflect what title-IV aid recipients pay after grant and scholarship aid is applied.
The net price represents the average annual cost a title-IV-receiving student pays after grant aid is subtracted from the full cost of attendance.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $15,678 |
| Off-campus title-IV students | $15,590 |
To project your own net price, use UMCP’s net price calculator: financialaid.umd.edu/resources-policies/net-price-calculator.
The middle student in the debt distribution at UMCP owes $17,000 in federal student debt.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $17,000 |
| Median federal debt (graduates only) | $19,000 |
| Typical 10-year monthly payment (graduates) | $201.43/mo |
At a typical 10-year repayment schedule, the median graduate would pay about the monthly figure above.
The numbers below show the full range, not just the middle of the distribution. Use the percentiles below to see the debt range at UMCP.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,500 |
| 25th percentile | $8,000 |
| 75th percentile | $25,871 |
| 90th percentile (highest-debt students) | $30,376 |
Debt outcomes are not uniform — they shift with income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $15,125 |
| Middle income | $16,490 |
| High income | $17,750 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,750 |
| Continuing-generation students | $17,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,750 |
| Independent students | $18,342 |
The figure below distills the debt data into a single burden category for UMCP.
The Stafford program is the federal direct-loan vehicle most undergraduates use. These figures summarize annual Stafford program activity at UMCP:
| Metric | Value |
|---|---|
| Stafford loan recipients | 62680 |
| Total Stafford loan amount | $1,257,913,032 |
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 | 602 |
| Total GI Bill amount | $8,411,098 |
| Average GI Bill amount per recipient | $13,972 |
DoD Tuition Assistance activity
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 42 |
| Total DoD amount | $121,025 |
| Average DoD amount per recipient | $2,882 |
References
More about our data sources and methodologies.