by our College Data Analytics TeamMany students will not be asked to pay the full, advertised sticker price of a school. Instead, they will be given a financial aid offer that will include a combination of scholarships, grants, loans, and work-study. The price tag of going to University of Maryland Global Campus can appear overwhelming, but bear in mind that many students obtain some kind of financial aid.
What financial assistance options will UMGC offer you, and what will you qualify for? Read on for more information. Scroll down to learn just how much financial aid will be open to you.
Your financial aid package, which may contain grants and scholarships, will be determined on your financial need. The figures below will help you estimate the aid you might receive from University of Maryland Global Campus.
Aid such as grants, loans, work-study, and scholarships helps colleges decrease the real cost of attendance for most students. Bear in mind that not all aid is equal, and the amount any one student receives can vary widely.
For incoming first-year students at University of Maryland Global Campus, 50% of first-time, full-time freshmen received some form of financial aid approximately 144 incoming students).
| Type of Aid | % of Freshmen Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 45% | $5,211 |
| Institutional grants & scholarships | 10% | $1,046 |
| Federal Pell grants | 32% | $5,329 |
| State/local grants | 18% | $2,646 |
| Federal student loans | 21% | $6,054 |
Unlike loans, grants and scholarships are gift aid that does not need to be paid back, making them the most desirable form of assistance. At UMGC, about 44% of undergraduates were awarded grant or scholarship aid averaging $4,452 (across approximately 22363 recipients).
| Award | % of Undergrads Receiving | Average Amount |
|---|---|---|
| Grant or scholarship aid (all sources) | 44% | $4,452 |
| Federal Pell grants | 29% | $4,077 |
| Federal student loans | 17% | $7,805 |
On-campus students receiving title-IV aid were awarded grants averaging $3,337.
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 | $14,514 |
The numbers above are post-aid net prices, so they already account for grants and scholarships.
The net price strips out grant and scholarship aid from the sticker price to show roughly what families really pay.
| Cohort | Average Net Price |
|---|---|
| On-campus title-IV students | $22,063 |
| Off-campus title-IV students | $14,514 |
To project your own net price, use UMGC’s net price tool: www.umgc.edu/tuition-financial-assistance/tuition/undergraduate-net-price-calculator.
Graduating students at UMGC carry a median federal student debt of $10,500 of federal borrowing.
| Metric | Amount |
|---|---|
| Median federal debt (all student-aid borrowers) | $10,500 |
| Median federal debt (graduates only) | $21,000 |
| Typical 10-year monthly payment (graduates) | $222.63/mo |
Spreading the median graduate debt over a standard 10-year repayment schedule works out to roughly the monthly payment shown above.
Looking only at the median can be misleading because it hides the spread. The figures below chart the debt distribution at UMGC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,724 |
| 25th percentile | $4,904 |
| 75th percentile | $21,823 |
| 90th percentile (highest-debt students) | $36,500 |
Outcomes differ by income bracket, by first-generation status, and by whether a student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $11,698 |
| High income | $12,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,500 |
| Continuing-generation students | $11,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,500 |
| Independent students | $11,158 |
Federal data publishes pre-calculated indicators that summarize debt outcomes. UMGC.
The Stafford program is the federal direct-loan vehicle most undergraduates use. The totals below capture Stafford lending at UMGC:
| Metric | Value |
|---|---|
| Stafford loan recipients | 114001 |
| Total Stafford loan amount | $3,158,438,198 |
If you are a veteran or active-duty service member, the GI Bill and DoD Tuition Assistance are the primary federal programs you can use at this school.
Post-9/11 GI Bill recipients
| Metric | Value |
|---|---|
| GI Bill recipients | 10595 |
| Total GI Bill amount | $57,864,984 |
| Average GI Bill amount per recipient | $5,462 |
DoD program volume
| Metric | Value |
|---|---|
| DoD Tuition Assistance recipients | 35165 |
| Total DoD amount | $73,121,957 |
| Average DoD amount per recipient | $2,079 |
References
More about our data sources and methodologies.