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Financial Aid at Allegany College of Maryland

The average amount of financial aid is $4,466 where 92% of enrolled students have received grants or scholarship aid at Allegany College of Maryland. The average amount of tuition & fees is $9,080 for Maryland residents and $12,050 for out-of-state students at Allegany College of Maryland.
  • Average Financial Aid: $4,466
  • Undergraduate Tuition: $12,050 ($9,080 Maryland residents)
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All Undergraduate Student Financial Aid

For academic year 2022-2023, total 2,227 students (92% of all undergraduate students) have received grants or scholarships and the average received amount is $4,466. Grant/scholarship aid includes federal, state, local, institutional or other sources of grant aid. Next table shows the financial aid statistics for all undergraduate students by aid types at Allegany College of Maryland.
Financial Aid Statistics at Allegany College of Maryland
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Federal, state, local, institutional or other grant aid2,22792%$4,466
Pell Grants77832%$3,797
Federal Student Loans69629%$5,583

Beginning Student Financial Aid

For first time, full time beginning students (freshmen), total 245 students (98% of all freshmen) have received any type of financial aid and 243 students (97% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree seeking beginning undergraduate students. The average amount of grant/scholarship aid is $7,117 and the average amount of student loan aid is $5,317. Next table shows the headcount and average received amount of financial aid by source of the aid at Allegany College of Maryland.
Beginning Students Financial Aid Statistics at Allegany College of Maryland
Type of AidNumber Receiving AidPercent Receiving AidAverage Amount of Aid Received
Any Student Financial Aid24598%-
Grants or Scholarship from All Sources23393%$7,117
Federal Grants18674%$5,684
Pell Grants12751%$4,615
Other Federal Grants18674%$2,533
State/Local Grants10944%$3,012
Institutional Grants13353%$2,050
Student Loans10944%$5,317
Federal Student Loans10843%$4,517
Other Student Loans104%$9,166

Grants and Scholarship Aid By Income Level

Next table shows the number of students awarded and average grants/scholarship aid amount by income level for whom paying in-state tuition rate at Allegany College of Maryland. The sources of grants and scholarship aid are the federal government, state/local government, or the institution (Allegany College of Maryland.
Financial Aid Statistics By Income Level at Allegany College of Maryland
Income LevelNumber of StudentsNumber of Students AwardedAverage Amount Aid Awarded
All level11199$5,468
$0-$30,0009989$5,694
$30,001-$48,00044$6,599
$48,001-$75,00032$2,219
$75,001-$110,00022$3,044
$110,001 or more32$1,382

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All data used in our site is from IPEDS (The Integrated Postsecondary Education Data System), U.S. Department of Education, academic year 2022-2023
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