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Public 2 Year

Allegany College of Maryland Tuition & Cost

Cumberland, Maryland

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How much does it cost to attend?

In District Maryland Resident Sticker Price
$20,894
In District Costs for Allegany College of Maryland
Fee Cost
Tuition$3,870
Books and Supplies$1,484
Other Fees$860
Room and Board $10,800
Other Expenses Budget$3,880
In State Maryland Resident Sticker Price
$24,434
In State Costs for Allegany College of Maryland
Fee Cost
Tuition$7,410
Books and Supplies$1,484
Other Fees$860
Room and Board $10,800
Other Expenses Budget$3,880

In district Maryland residents should budget an annual total cost of $20,894 to attend Allegany College of Maryland on a full time basis. This fee is comprised of $3,870 for tuition, $10,800 room and board, $1,484 for books and supplies and $860 for other fees.

All price data is sourced from the 2020/2021 U.S. Department of Education National Center for Education Statistics survey.

Net Price

Net price is indicative of what it actually costs to attend Allegany College of Maryland when typical grants and scholarships are considered. The net price varies by family income and financial need.

Average Net Price 2019/2020
$9,772
Net Price by Income Allegany College of Maryland
Family Income Net Price Paid
$0 to $30,000$10,567
$30,001 to $48,000$10,686
$48,001 to $75,000$11,407
$75,001 to $110,000$13,103
$110,000+$16,209

The average reported annual net price for Allegany College of Maryland for students receiving grants or scholarship aid was $9,772 in 2019/2020. Net price includes tuition and required fees, books and supplies, and average cost for room and board and other expenses

Costs for Similar Colleges

Financial Aid

97% of full-time undergrad Allegany College of Maryland received financial aid in the form of grants, scholarships, fellowships from the institution or from Federal, State or local government agencies. This aid averaged $5,569 per student during the 2019/2020 school year. Grant and scholarship aid does not need to be paid back. 46% of students received Federal Student Loans averaging $4,803 and 2% of undergrads took out private student loans averaging $7,248.

Finanical Aid Allegany College of Maryland
Type Avg./Student Students Receiving
Total Grant and Scholarship Aid $5,569 97%
Institutional Grants and Scholarships $1,744 54%
Pell Grants $4,614 58%
Other Federal Grants $956 67%
State and Local Grants $2,409 45%
Federal Student Loans $4,803 46%
Other Student Loans $7,248 2%

Student Loans

To gauge a more realistic picture of what it may really cost you out of pocket to go to Allegany College of Maryland, we've modeled a ten year student loan with an original principal value of $19,586. The loan balance of $19,586 is a two year multiple of the $9,793 average net price. This is a estimate of what you could owe upon graduation if you were to qualify for average financial aid and what a degree really may cost. Should you not qualify for financial aid, you may owe significantly more when you graduate. Based on these assumptions, a monthly repayment of $187 could be required to satisfy your student loan.

Please note that financial aid is not guaranteed and is only available for qualifying students. Federal Student Loans are not grants and must be repaid with interest. The current Stafford loan interest rate is 2.75%.

Example Loan $19,586
Stafford Loan Interest Rate 2.75%
Time to Pay Off Student Loan 10 years
Example Monthly Payment $186.87
Total Interest Paid $2,838.65
Sum of All Loan Payments $22,424.65

Projected 2 Year Degree Price

2 Year Sticker Price
$48,868
Year Maryland Residents Non Residents
1 $24,434 $26,444
2 $25,188 $27,260

Based on published tuition prices, we estimate the current cost of a 2 year associate degree and living expenses at Allegany College of Maryland to be $48,868 - assuming graduation in normal time. The estimation assumes a 3.1% annual increase over the next 2 years which has been the recent trend for this school.

Credit Hour Cost and Price per Class

Credit Hour and Class Costs at Allegany College of Maryland
Price Per Credit 3 Credit Class 4 Credit Class
In District Residents $129 $387 $516
Maryland Residents $247 $741 $988
Out of State Residents $314 $942 $1,256

Estimated cost for a class at Allegany College of Maryland based on published credit hour prices. Note that not all schools allow single class enrollment. These prices should be used for comparison purposes as to how much it may cost to take a class at Allegany College of Maryland versus other colleges.

Tuition Payment Plans Available

Allegany College of Maryland Payment Plans
Tuition Payment Plan Yes
Prepaid Tuition Plan No
Alternative Tuition Plan Yes
Guaranteed Tuition Plan No

Primary data source, U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=161688 IPEDS survey data for Allegany College of Maryland.