$5,325

Avg. Federal Grant

$5,827

Avg. Federal Loan

$11,964,605

Total Aid Awarded

Notre Dame of Maryland University (NDMU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

71%

Total Aid Amount Average Total Aid Awarded per year.

$11.965M

Financial Aid Official Website

www.ndm.edu/admissions-aid/financial-aid

Such schemes include Academic Merit Scholarship, Academic Scholarship, Achievement Award, and Art Department Scholarship. Notably, 99% of the students at Notre Dame of Maryland University get some kind of financial aid every year, and the total amount of assistance/loans provided adds up to around $4,947,116. Notably, a total of 80% of the applicants to Notre Dame of Maryland University receive the Federal Grant every year. On the other hand, 99% of the candidates get the Student Grant, 98% receive the Institution Grant, and 57% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,224, and the same stands at $5,820 for State Grant awardees and $23,825 for Institution Grant recipients. And, for the Pell Grant awardees, the average aid amount is $4,668. 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. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for 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. At Notre Dame of Maryland University, the percentage of candidates who opt to avail of student loans is around 89%.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

68%

State Grant Aid

42%

Institution Grant Aid

94%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$5,325

State Grant Aid

$8,045

Institution Grant Aid

$21,924

Pell Grant

$5,400

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$20,983

$30,001 - $48,000

$23,843

$48,001 - $75,000

$28,400

$75,001 - $110,000

N/A

Over $110,000

$14,750

Student Loans for Notre Dame of Maryland University (NDMU)

Average Loan Amount Average Loan Amount received per year.

$6,995/Year

Students Taking Out Loans

67%

Loan Default Rate

4.8%

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