College of Southern Maryland (CSMD) Financial Aid and Scholarships
Students Receiving Aid
30%
Total Aid Amount
$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.
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