Over the past 10 years (2013-2022), the average number of students who received grants aid/scholarships is 1,610, which is 96.78 % of all undergraduate students. 1,050 students which is 63.00% of undergraduate students received federal student loans and the average loan amount is $6,461.

For full-time, first-time beginning students (freshmen), 99.56% of students received grants or scholarships and 73% 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 McDaniel College since 2013.

For that period, the average number of students who received grants aid/scholarships is 1,610, which is 96.78 % of all undergraduate students. 1,050 students which is 63.00% of undergraduate students received federal student loans and the average loan amount is $6,461.

YearGrant or Scholarship*Pell GrantsFederal Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-141,613 (95%)$24,961535 (32%)$4,4171,094 (65%)$7,322
2014-151,626 (98%)$25,762518 (31%)$4,5441,119 (67%)$7,238
2015-161,584 (98%)$26,593507 (31%)$4,5851,072 (66%)$7,205
2016-171,505 (96%)$27,934485 (31%)$4,5851,036 (66%)$6,845
2017-181,431 (90%)$30,658458 (29%)$4,851977 (61%)$6,993
2018-191,547 (97%)$31,736500 (31%)$4,7741,016 (63%)$6,319
2019-201,672 (100%)$34,145560 (33%)$4,967949 (57%)$4,077
2020-211,794 (99%)$39,311640 (35%)$5,0941,139 (63%)$6,006
2021-221,720 (98%)$36,828621 (35%)$5,0151,044 (59%)$6,144
Average1,610 (96.78%)$30,881536 (32.00%)$4,7591,050 (63.00%)$6,461
*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, 465 (99.56 % of students) received grants or scholarships and its average amount is $32,648. It can cover 65.76% of tuition & fees ($49,647).

In addition, 344 (73.44 % of students) students get helped from the students loans (average amount : $7,813).

Year Grants or Scholarships*Student Loans
Number Received (percent**)Average AmountNumber Received (percent**)Average Amount
2013-14449 (99%)$25,010295 (65%)$8,273
2014-15412 (100%)$27,558296 (72%)$7,387
2015-16428 (99%)$28,555288 (67%)$8,232
2016-17385 (99%)$30,807266 (69%)$8,172
2017-18448 (100%)$31,271309 (69%)$7,145
2018-19415 (100%)$37,642382 (92%)$9,947
2019-20564 (99%)$34,759430 (75%)$7,800
2020-21581 (100%)$39,386444 (76%)$6,447
2021-22501 (100%)$38,848382 (76%)$6,915
Average465 (99.56%)$32,648344 (73.44%)$7,813
*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, 163 (34.56 % of students) received Pell (federal) grants and its average amount is $4,231.

In addition, 127 students received State/local government grants/scholarships (27.00 % 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
2013-14139 (31%)$4,56991 (20%)$494128 (28%)$5,668442 (98%)$22,226
2014-15126 (31%)$4,416114 (28%)$526105 (25%)$6,737412 (100%)$24,345
2015-16139 (32%)$4,72467 (16%)$1,00097 (23%)$6,808425 (99%)$25,500
2016-17127 (33%)$4,65260 (15%)$992105 (27%)$5,933376 (97%)$28,159
2017-18145 (32%)$4,47734 (8%)$1,074111 (25%)$8,010442 (98%)$28,133
2018-19142 (34%)$4,33081 (20%)$1,324112 (27%)$7,026415 (100%)$34,006
2019-20217 (38%)$51268 (12%)$1,516171 (30%)$6,326562 (99%)$32,577
2020-21249 (43%)$5,370169 (29%)$1,054186 (32%)$8,151578 (99%)$34,346
2021-22186 (37%)$5,02868 (14%)$3,519128 (26%)$9,066501 (100%)$34,187
Average163 (34.56%)$4,23184 (18.00%)$1,278127 (27.00%)$7,081461 (98.89%)$29,275
*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, 344 (73.44 % of students) get any students loan help and its average loan amount is $344.

YearTotalFederal student loansOther student loans
Number Received (percent)Average AmountNumber Received (percent)Average AmountNumber Received (percent)Average Amount
2013-14295 (65%)$8,273294 (65%)$6,64138 (8%)$12,849
2014-15296 (72%)$7,387295 (72%)$6,02332 (8%)$12,803
2015-16288 (67%)$8,232283 (66%)$5,78647 (11%)$15,603
2016-17266 (69%)$8,172266 (69%)$6,19535 (9%)$15,025
2017-18309 (69%)$7,145309 (69%)$5,87030 (7%)$13,127
2018-19382 (92%)$9,947379 (91%)$7,97253 (13%)$14,686
2019-20430 (75%)$7,800426 (75%)$5,61260 (11%)$16,060
2020-21444 (76%)$6,447390 (67%)$5,22354 (9%)$15,283
2021-22382 (76%)$6,915332 (66%)$5,38950 (10%)$17,049
Average344 (73.44%)$7,813330 (71.11%)$6,07944 (9.56%)$14,721

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