OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Allegany College of Maryland Financial Aid and Scholarships 2022

There is a public university in Cumberland, MD called Allegany College of Maryland. In 1961, Allegany College of Maryland was founded. The university believes in imparting quality education and giving back to society. In the same light, Allegany College of Maryland has a motto of Engage Your future. At Allegany College of Maryland, the total enrolment stands at 2,584. The school has a total of 215 academic staff. These faculty teach different courses to the students. At Allegany College of Ma

Allegany College of Maryland Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

86%

Total Aid Amount Average Total Aid Awarded per year.

$8.161M

Financial Aid Official Website

www.allegany.edu/finaid/

Students can avail of scholarships provided by the college, such as Christa McAuliffe Scholarship, Developmental Disabilities, Mental Health, Child Welfare, and Juvenile Justice Workforce Tuition Assistance Program, Edward T. Conroy Memorial Scholarship, and Graduate and Professional Scholarship, if they find educational expenses to be on the higher side. Notably, 96% of the students at Allegany College of Maryland get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $5,294,573. More information regarding the financial assistance schemes can be accessed on ACM’s official financial aid page at http://www.allegany.edu/finaid/. At ACM, the total percentage of applicants who receive the Federal Grant stands at 59%. In comparison, 89% of the students are awarded the Student Grant, 46% get the Institution Grant, and 59% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,704, the State Grant receivers and Institution Grant beneficiaries get $2,532 and $1,262, respectively. And, for the Pell Grant awardees, the average aid amount is $4,127. The annual family income of the applicants is also considered for determining the total financial assistance that they will be eligible for. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. Every year, around 50% of the applicants to Allegany College of Maryland opt for student loans.

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