Over the past 10 years (2013-2022), 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.

For full-time, first-time beginning students (freshmen), 88.22% of students received grants or scholarships and 52% of students received student loans.

All Undergraduate Students Financial Aid Over Time

The following table shows 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.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-142,660 (83%)$3,7061,526 (48%)$3,8981,444 (45%)$6,244
2014-152,764 (86%)$3,5331,453 (45%)$3,8341,401 (43%)$6,191
2015-162,493 (81%)$3,6211,372 (44%)$3,8781,333 (43%)$6,039
2016-172,454 (84%)$3,5611,258 (43%)$3,8081,223 (42%)$5,988
2017-182,339 (86%)$3,4891,127 (41%)$3,8861,013 (37%)$5,976
2018-192,313 (89%)$3,534985 (38%)$4,127908 (35%)$5,831
2019-202,373 (92%)$3,750940 (36%)$4,003872 (34%)$5,688
2020-212,372 (94%)$3,705834 (33%)$4,004781 (31%)$5,601
2021-222,227 (92%)$4,466778 (32%)$3,797696 (29%)$5,583
Average2,444 (87.44%)$3,7071,141 (40.00%)$3,9151,075 (37.67%)$5,905
*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.

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

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
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14427 (84%)$5,230321 (63%)$5,923
2014-15533 (85%)$4,878366 (58%)$5,887
2015-16352 (78%)$4,587263 (58%)$5,551
2016-17384 (87%)$5,121228 (52%)$6,096
2017-18327 (84%)$5,743217 (56%)$6,281
2018-19352 (89%)$5,524197 (50%)$6,168
2019-20369 (96%)$5,569182 (47%)$5,043
2020-21299 (98%)$5,874124 (41%)$5,195
2021-22233 (93%)$7,117109 (44%)$5,317
Average364 (88.22%)$5,516223 (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.

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) GrantsOther Federal State/Local governmentInstitutional
Number Received (percent)Average AmountNumber Received (percent)Average Amount Number Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14353 (69%)$4,39463 (12%)$1,639246 (48%)$2,02779 (15%)$1,012
2014-15373 (59%)$4,37112 (2%)$875323 (52%)$2,363162 (26%)$1,211
2015-16279 (62%)$4,23916 (4%)$813136 (30%)$2,150108 (24%)$1,172
2016-17263 (60%)$4,42931 (7%)$832205 (47%)$2,237172 (39%)$1,846
2017-18244 (63%)$4,70317 (4%)$1,052161 (42%)$2,487142 (37%)$2,198
2018-19234 (59%)$4,54229 (7%)$1,312242 (61%)$2,532183 (46%)$1,262
2019-20223 (58%)$4,614258 (67%)$956173 (45%)$2,409208 (54%)$1,744
2020-21177 (58%)$4,547244 (80%)$882142 (46%)$2,810160 (52%)$2,107
2021-22127 (51%)$4,615186 (74%)$2,533109 (44%)$3,012133 (53%)$2,050
Average253 (59.89%)$4,49595 (28.56%)$1,210193 (46.11%)$2,447150 (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.

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.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14321 (63%)$5,923317 (62%)$5,8526 (1%)$7,724
2014-15366 (58%)$5,887362 (58%)$5,63816 (3%)$7,088
2015-16263 (58%)$5,551259 (57%)$5,30412 (3%)$7,182
2016-17228 (52%)$6,096222 (51%)$5,18926 (6%)$9,153
2017-18217 (56%)$6,281213 (55%)$5,40727 (7%)$7,825
2018-19197 (50%)$6,168194 (49%)$4,90229 (7%)$9,103
2019-20182 (47%)$5,043179 (46%)$4,8038 (2%)$7,248
2020-21124 (41%)$5,195121 (40%)$4,8197 (2%)$8,716
2021-22109 (44%)$5,317108 (43%)$4,51710 (4%)$9,166
Average223 (52.11%)$5,718219 (51.22%)$5,15916 (3.89%)$8,134

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