How Allegany College of Maryland's Financial Aid Changes

All Undergraduate Students Financial Aid Over Time

The following table and chart show the trends of financial aid for all undergraduate students at Allegany College of Maryland since 2013.

For that period, the average number of students who received grants aid/scholarships is 2,444, which is 87.44 % of all undergraduate students. 1,075 students which is 37.67% of undergraduate students received federal student loans and the average loan amount is $5,905.

Year	Grant or Scholarship^*		Pell Grants		Federal Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	2,660 (83%)	$3,706	1,526 (48%)	$3,898	1,444 (45%)	$6,244
2014-15	2,764 (86%)	$3,533	1,453 (45%)	$3,834	1,401 (43%)	$6,191
2015-16	2,493 (81%)	$3,621	1,372 (44%)	$3,878	1,333 (43%)	$6,039
2016-17	2,454 (84%)	$3,561	1,258 (43%)	$3,808	1,223 (42%)	$5,988
2017-18	2,339 (86%)	$3,489	1,127 (41%)	$3,886	1,013 (37%)	$5,976
2018-19	2,313 (89%)	$3,534	985 (38%)	$4,127	908 (35%)	$5,831
2019-20	2,373 (92%)	$3,750	940 (36%)	$4,003	872 (34%)	$5,688
2020-21	2,372 (94%)	$3,705	834 (33%)	$4,004	781 (31%)	$5,601
2021-22	2,227 (92%)	$4,466	778 (32%)	$3,797	696 (29%)	$5,583
Average	2,444 (87.44%)	$3,707	1,141 (40.00%)	$3,915	1,075 (37.67%)	$5,905

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time

Overview

For the last 10 years, on average, 364 (88.22 % of students) received grants or scholarships and its average amount is $5,516. It can cover 45.66% of tuition & fees ($12,080) based on out-of-state rate.

In addition, 223 (52.11 % of students) students get helped from the students loans (average amount : $5,718).

Year	Grants or Scholarships^*		Student Loans
Year	Number Received (percent^**)	Average Amount	Number Received (percent^**)	Average Amount
2013-14	427 (84%)	$5,230	321 (63%)	$5,923
2014-15	533 (85%)	$4,878	366 (58%)	$5,887
2015-16	352 (78%)	$4,587	263 (58%)	$5,551
2016-17	384 (87%)	$5,121	228 (52%)	$6,096
2017-18	327 (84%)	$5,743	217 (56%)	$6,281
2018-19	352 (89%)	$5,524	197 (50%)	$6,168
2019-20	369 (96%)	$5,569	182 (47%)	$5,043
2020-21	299 (98%)	$5,874	124 (41%)	$5,195
2021-22	233 (93%)	$7,117	109 (44%)	$5,317
Average	364 (88.22%)	$5,516	223 (52.11%)	$5,718

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students.

Grants/Scholarship

The following table shows the trends of grants or scholarships over time. For the last 10 years, on average, 253 (59.89 % of students) received Pell (federal) grants and its average amount is $4,495.

In addition, 193 students received State/local government grants/scholarships (46.11 % of students).

Year	Federal (Pell) Grants		Other Federal		State/Local government		Institutional
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	353 (69%)	$4,394	63 (12%)	$1,639	246 (48%)	$2,027	79 (15%)	$1,012
2014-15	373 (59%)	$4,371	12 (2%)	$875	323 (52%)	$2,363	162 (26%)	$1,211
2015-16	279 (62%)	$4,239	16 (4%)	$813	136 (30%)	$2,150	108 (24%)	$1,172
2016-17	263 (60%)	$4,429	31 (7%)	$832	205 (47%)	$2,237	172 (39%)	$1,846
2017-18	244 (63%)	$4,703	17 (4%)	$1,052	161 (42%)	$2,487	142 (37%)	$2,198
2018-19	234 (59%)	$4,542	29 (7%)	$1,312	242 (61%)	$2,532	183 (46%)	$1,262
2019-20	223 (58%)	$4,614	258 (67%)	$956	173 (45%)	$2,409	208 (54%)	$1,744
2020-21	177 (58%)	$4,547	244 (80%)	$882	142 (46%)	$2,810	160 (52%)	$2,107
2021-22	127 (51%)	$4,615	186 (74%)	$2,533	109 (44%)	$3,012	133 (53%)	$2,050
Average	253 (59.89%)	$4,495	95 (28.56%)	$1,210	193 (46.11%)	$2,447	150 (38.44%)	$1,622

^*Grant or scholarship aid includes aid received, from the federal government, state or local government, the institution, and other sources known by the institution.

^**percentage of number of students receiving aids among all undergraduate students..

Student Loans

The following table describes number of students and average amount of loans by loan type. The following table shows the trends of grants or scholarships over time.

For the last 10 years, on average, 223 (52.11 % of students) get any students loan help and its average loan amount is $223.

Year	Total		Federal student loans		Other student loans
Year	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount	Number Received (percent)	Average Amount
2013-14	321 (63%)	$5,923	317 (62%)	$5,852	6 (1%)	$7,724
2014-15	366 (58%)	$5,887	362 (58%)	$5,638	16 (3%)	$7,088
2015-16	263 (58%)	$5,551	259 (57%)	$5,304	12 (3%)	$7,182
2016-17	228 (52%)	$6,096	222 (51%)	$5,189	26 (6%)	$9,153
2017-18	217 (56%)	$6,281	213 (55%)	$5,407	27 (7%)	$7,825
2018-19	197 (50%)	$6,168	194 (49%)	$4,902	29 (7%)	$9,103
2019-20	182 (47%)	$5,043	179 (46%)	$4,803	8 (2%)	$7,248
2020-21	124 (41%)	$5,195	121 (40%)	$4,819	7 (2%)	$8,716
2021-22	109 (44%)	$5,317	108 (43%)	$4,517	10 (4%)	$9,166
Average	223 (52.11%)	$5,718	219 (51.22%)	$5,159	16 (3.89%)	$8,134

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Scholarships, Grants, and Loan Trends at Allegany College of Maryland

All Undergraduate Students Financial Aid Over Time

Freshmen (First-time, Full-time Undergraduate) Financial Aid Over Time