Financial Aid at Allegany College of Maryland
Financial Aid Amount Received
$4,044 (33.48% of tuition)
Percent of Financial Aid Received
86% of 2,578 students
2,208 undergraduate students (86% of all students) have received grants, scholarships, and/or federal student loans at Allegany College of Maryland. The percentage of students who received financial aid extremely higher compared to Public, 2-4 Years Colleges in Maryland.
Compared to similar schools in rankings such as Lincoln College of Technology-Columbia and Wor-Wic Community College, the percentage of students who received financial aid is higher (the average of the schools is 74.50%).
Undergraduate Financial Aid by Type
The average amount of grants of scholarship aid is $4,044 and the average loan amount is $6,058. The average financial aid amount is 33.48% of tuition & fees based on out-of-state rate (tuition & fees: $12,080).
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Grant or scholarship aid | 2,208 | 86% | $8,929,720 | $4,044 |
| Pell Grants | 781 | 30% | $3,245,967 | $4,156 |
| Federal Students Loans | 768 | 30% | $4,652,408 | $6,058 |
Undergraduate Student Financial Aid Comparison Chart
First-time (full-time) Undergraduate Students Financial Aid
For the full-time, first-time undergraduate students (freshmen, in most cases), 304 students have received one or more types of financial aid at Allegany College of Maryland.
The average amount of federal, state, local or institutional grant aid is $5,811 and the average amount of student loans awarded to full-time first-time undergraduate students is $5,708.
The following table shows the financial data by type of aid at Allegany College of Maryland.
First-time Undergraduate Financial Aid by Type
| Number Receiving Aid | Percent Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received | |
|---|---|---|---|---|
| Any Financial Aid | 316 | 92% | - | - |
| Grant or scholarship aid | 304 | 89% | $1,766,541 | $5,811 |
| Federal Grants | 172 | 50% | $857,202 | $4,984 |
| Pell Grants | 169 | 49% | $798,035 | $4,722 |
| Other Federal Grants | 37 | 11% | $59,167 | $1,599 |
| State/Local Grants | 140 | 41% | $354,761 | $2,534 |
| Institutional Grants | 212 | 62% | $554,578 | $2,616 |
| Student Loans | 139 | 41% | $793,373 | $5,708 |
| Federal Student Loans | 134 | 39% | $646,779 | $4,827 |
| Other Student Loans | 12 | 3% | $146,594 | $12,216 |
Financial Aid by Income Level
The following table summarizes the number of schools receiving financial aid and its average amount by income levels at Allegany College of Maryland.
| Income Level | # of Students | # of Students Receiving Aid | Total Amount of Aid Received | Average Amount of Aid Received |
|---|---|---|---|---|
| All Income Level | - | - | $818,550 | $5,975 |
| 0 - $30,000 | 65 | 65 | $438,783 | $6,751 |
| $30,001 - $48,000 | 30 | 29 | $231,527 | $7,718 |
| $48,001 - $75,000 | 21 | 21 | $100,330 | $4,778 |
| $75,001 - $110,000 | 12 | 9 | $37,112 | $3,093 |
| $110,001 - more | 9 | 4 | $10,798 | $1,200 |
Paid Tuition Rates by Residency
At Allegany College of Maryland, for the first-time/full-time students, 49 students have paid in-state rate of tuition and 127 students have paid out-of-state tuition rate. In addition, 167 students have paid in-district rate of tuition.
| # of Students | |
|---|---|
| In-District Rate | 167 |
| In-State Rate | 49 |
| Out-of-State Rate | 127 |
| Un-known | 0 |
Number of Students by Living Arrangement (Freshmen)
At Allegany College of Maryland, 36 full-time/first-time students live on-campus such as dormitory and campus-owned apartments, and 39 students live off-campus. In addition, 100 students live with their family.
| # of Students | |
|---|---|
| Living On-Campus | 36 |
| Living Off-Campus | 39 |
| Living with Family | 100 |
| Un-known | 12 |