Welcome to the Office of Financial Aid A major concern for many college students and their families is how to pay for tuition and other expenses. For many, part of the answer is financial aid. We would like to alleviate your concerns by presenting you with clear information about the financial aid process. Our goal is to make a McDaniel College education as affordable as possible. On these pages we have attempted to anticipate your questions about the types of financial aid, eligibility criteria, application procedures, and financing options. We have included links to other helpful Web sites and online versions of application materials and other forms you may need.
Did you know. . . .
90 percent of McDaniel students receive some form of financial aid.
The College awards more than $22 million each year through our scholarship and grant programs. We are able to provide this level of support due in part to the generosity of alumni and friends of McDaniel College who make gifts specifically for student aid.
Mission Statement
The Financial Aid Office is committed to providing financial resources to students who would otherwise be unable to attend McDaniel College, while ensuring that the principles of fairness and equity are upheld. The office assists students and families with understanding, navigating, and successfully completing the process of securing educational funding to attend McDaniel.
Affording a McDaniel College Education
Our goal is to make a McDaniel College education as affordable as possible. Scholarships, grants, and loans are received from the College, the federal and state governments, and private scholarship organizations. For the 2008-2009 academic year 345 first year students applied for financial aid and 326 received an award. The table below displays the range of estimated awards by family income.
|
Family Income |
Scholarships/Grants |
Total Aid* |
|
Less than $30,000 |
$28,960 - $34,860 |
$34,160 - $39,630 |
|
$30,001 – $50,000 |
$24,100 - $32,780 |
$29,300 - $36,630 |
|
$50,001 – $70,000 |
$21,500 - $25,000 |
$26,700 - $34,630 |
|
$70,001 – $100,000 |
$14,700 - $19,000 |
$18,200 - $29,130 |
|
$100,001 and over |
$ 8,000 - $13,000 |
$11,500 - $19,630 |
Actual awards will vary based on the academic achievement of the student, as well as the factors used to determine need-based financial aid.
