Number Received Financial Aid (All Undergraduate)
1,711
Percent Received Financial Aid(All Undergraduate)
97%
Average Aid Amount
$38,531
Number Received Financial Aid (Freshmen)
467
Percent Received Financial Aid (Freshmen)
100%
Financial Aid Information at McDaniel
For the academic year 2023-2024, a total of 1,711 students (97% of undergraduate students) received one or more financial aid including grants, scholarships, and/or student loans. The average financial aid amount is $38,531. For freshmen (Full-time, first-time degree-seeking undergraduate students), 467 students (100% of enrolled students) received financial aid.
The 2025 undergraduate tuition & fees at McDaniel College is $52,081, for reference.
All Undergraduate Students Financial Aid
For the academic year 2023-2024, a total of 1,711 students (97% of all students) have received grants or scholarships and the average received aid amount is $38,531. It includes federal, state, local, institutional, or other sources of grant aid.
The following table describes the financial aid statistics by aid types at McDaniel College for all undergraduate students.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Federal, state, local, institutional or other grant aid | 1,711 | 97% | $38,531 |
| Pell Grants | 597 | 34% | $5,187 |
| Federal Student Loans | 1,082 | 61% | $6,240 |
Beginning Students Financial Aid
a total of 467 beginning students (100% of all freshmen) have received any financial aid and 467 students (100% of all freshmen) awarded any student loans. The headcount includes the number of full-time, first-time degree-seeking beginning undergraduate students.
The below table shows the number and amount by the source of financial aid at McDaniel College.
| Type of Aid | Number Receiving Aid | Percent Receiving Aid | Average Amount of Aid Received |
|---|---|---|---|
| Any Student Financial Aid | 467 | 100% | - |
| Grants or Scholarship from All Sources | 467 | 100% | $39,979 |
| Federal Grants | 162 | 35% | $5,991 |
| Pell Grants | 157 | 34% | $5,393 |
| Other Federal Grants | 54 | 12% | $2,294 |
| State/Local Grants | 138 | 30% | $7,383 |
| Institutional Grants | 467 | 100% | $35,719 |
| Student Loans | 314 | 67% | $7,882 |
| Federal Student Loans | 306 | 66% | $5,193 |
| Other Student Loans | 51 | 11% | $17,370 |
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