$5,050

Avg. Federal Grant

$4,344

Avg. Federal Loan

$9,198,593

Total Aid Awarded

College of Southern Maryland (CSMD) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

30%

Total Aid Amount Average Total Aid Awarded per year.

$9.199M

Financial Aid Official Website

https://www.csmd.edu/costs-aid/

As many as 47% of the students at CSM get some sort of financial aid, and the total amount of assistance/loans provided is more than $2,557,396 in a year. The total percentage of candidates applying to College of Southern Maryland who receive the Federal Grant is 24%. On the other hand, 39% of the candidates get the Student Grant, 15% receive the Institution Grant, and 24% get the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,269, while the same comes to $963 for State Grant receivers and $1,314 for Institution Grant awardees. On the other hand, the average aid received by the Pell Grant awardees is $5,117. Among other things, the annual family income of the applicant plays a major role in determining the total financial aid they are actually eligible to receive. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Candidates are also required to repay these loans within a given period. Every year, around 10% of the applicants to College of Southern Maryland opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

27%

State Grant Aid

13%

Institution Grant Aid

15%

Pell Grant

27%

Average Aid Awarded

Federal Grant Aid

$5,050

State Grant Aid

$981

Institution Grant Aid

$1,232

Pell Grant

$5,001

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$6,409

$30,001 - $48,000

$5,593

$48,001 - $75,000

$3,030

$75,001 - $110,000

$721

Over $110,000

$315

Student Loans for College of Southern Maryland (CSMD)

Average Loan Amount Average Loan Amount received per year.

$4,430/Year

Students Taking Out Loans

14%

Loan Default Rate

11.8%

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