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Making McDaniel Affordable

More than 90% of McDaniel College students receive some type of financial assistance — and our financial aid staff is here to help make the process go smoothly for you. We invest over $50 million annually in need-based grants and merit scholarships to ensure that students from all kinds of financial backgrounds are able to experience a McDaniel education. 


Students walking under the arch

Types of Financial Aid

There are many types of financial aid available to students pursuing a degree at McDaniel College. These can include grants, scholarships, student loans, and work-study programs. Financial aid specialists at McDaniel College can help you understand the financial aid opportunities available to you.


Visit Incentive Grant Undergraduate students only

McDaniel offers a $4000 ($1000/year) Visit Incentive Grant to all students who visit our campus in-person or virtually prior to being admitted.

McDaniel College sign

Scholarships Undergraduate students only

Merit scholarships are awarded to students based on the overall quality of their application for admission, including academic preparation and performance, leadership, community engagement and more.


Need-Based Grants Undergraduate students only

Need-based grants can be provided by the federal government, the state government or McDaniel College. Need-based grants are subject to change annually when you submit a new FAFSA. 


Student & Parent Loans

Over 70% of college students nationwide utilize student loans to help fund their education. For many families, student and parent loans are an important piece of college financing.

Financial Aid Deadlines

Oct 1

FAFSA opens for 2022-2023

Jan 15

Spring Payment Deadline

Mar 1

Preferred FAFSA Deadline

Jul 15

Fall Payment Deadline

Aug 1

Final Deadline: Professional Judgement Appeal