$4,988

Avg. Federal Grant

$6,028

Avg. Federal Loan

$37,514,170

Total Aid Awarded

University of Maryland Eastern Shore Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

84%

Total Aid Amount Average Total Aid Awarded per year.

$37.514M

Financial Aid Official Website

www.umes.edu/financialaid

Such schemes include Alliance for Minority Participation Scholarship, Christa McAuliffe Scholarship, Developmental Disabilities, Mental Health, Child Welfare, and Juvenile Justice Workforce Tuition Assistance Program, and Edward T. Conroy Memorial Scholarship. As many as 89% of the students at UMES get some sort of financial aid, and the total amount of assistance/loans provided is more than $11,462,844 in a year. At UMES, the total percentage of applicants who receive the Federal Grant stands at 56%. In comparison, 80% of the students are awarded the Student Grant, 54% get the Institution Grant, and 56% of the applicants receive the Pell Grant. While the Federal Grant awardees receive an average aid of $4,958, the State Grant receivers and Institution Grant beneficiaries get $4,165 and $4,073, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,803. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. In contrast to grants and scholarships, student loans are taken by the candidates at a certain rate of interest. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At UMES, an estimated number of 68% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

63%

State Grant Aid

35%

Institution Grant Aid

48%

Pell Grant

63%

Average Aid Awarded

Federal Grant Aid

$4,988

State Grant Aid

$4,217

Institution Grant Aid

$3,665

Pell Grant

$4,813

As shown in the table the breakdown includes Federal Grants, Pell Grants, state grants and institutional grants. Institutional grants have the highest percentage contribution of 53% with an average aid amount being $6350.

Pell grants have a percentage of 14% with an average aid amount of $4786 and State grant have a percentage of 16% with an aid average of $5070.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$8,379

$30,001 - $48,000

$6,899

$48,001 - $75,000

$6,579

$75,001 - $110,000

$4,144

Over $110,000

$1,014

As shown in the table lower the family income higher is the amount of aid one can expect to receive. For those students who have a family income under $30,000 can expect to receive an aid amount of $17939 while those with family income over $110,000 can expect to receive an aid amount of $1580. This helps students who are coming from low income homes to pay for their degree.

Student Loans for University of Maryland Eastern Shore

Average Loan Amount Average Loan Amount received per year.

$6,463/Year

Students Taking Out Loans

70%

Loan Default Rate

13.3%

Other Colleges In Maryland

Goucher College
Goucher College

Baltimore, Maryland

University of Maryland (UMD)
University of Maryland (UMD)

College Park, Maryland

Morgan State University
Morgan State University

Baltimore, Maryland

Other Public Colleges

Florida State University (FSU)
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Charlotte Technical College (CTC)
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East Carolina University (ECU)
East Carolina University (ECU)

Greenville, North Carolina