Cumberland Times-News

Local News

November 18, 2013

ACM students received $21.2 million in financial aid

CUMBERLAND — Students attending Allegany College of Maryland were awarded and paid $21.2 million in financial assistance during fiscal year 2013, according to a report distributed Monday during the monthly meeting of the college’s Board of Trustees.

The report revealed that assistance came in the form of 4,419 awards from 80 different programs.

The data showed that 84 percent of ACM students receive some type of financial aid.

Linda Price, vice president of advancement and enrollment, commented on the trends in financial aid during the meeting.

“We have seen an increase in federal dollars while we have seen a decrease in state dollars from Maryland and Pennsylvania,” said Price.

Federal Pell Grants for ACM increased from $6.8 million in 2012 to $6.9 million in 2013. Maryland dropped state aid from $947,132 in 2012 to $827,064 this year. Pennsylvania aid also dropped from $1.05 million in 2012 to $960,960 in 2013.

“Pell (Grant) dollars have more than doubled over the past six years,” said Price.

Data revealed during the meeting also showed that federal student loans increased from $9.3 million in 2012 to $9.6 million in 2013.

“Students are having to borrow more and more,” said Price.

Also contributing to the financial aid pie available to eligible ACM students is the Allegany College of Maryland Foundation. With over $9 million in assets, the foundation gave out around 1,300 scholarships in 2012 totaling $587,000.

 In addition to the Cumberland location, ACM has two additional campuses in Bedford and Somerset, Pa.

ACM experienced steady growth in enrollment in the early 2000’s, that peaked during the 2009 and 2010 school years at around 4,100 students.

Since that peak, ACM enrollment has declined each year since. Total enrollment for ACM in 2013 was about 3,161.

The meeting also featured a presentation by two ACM instructors from the Division of Business and Economics.

“We offer three degree programs: business management, accounting and economics,” said Robin Imgrund, coordinator for business and economics at the Pennsylvania campus.

Imgrund said the department currently has 406 students and is the second largest majors program next to pre-nursing.

The business department has been a consistent asset to the school, according to Imgrund, because it has low costs, doesn’t require expensive equipment and has high enrollment.

“Have you considered the business aspect of health care in your program,” asked Barry Ronan, president and CEO of the Western Maryland Health System and an ACM board member.

Ronan said that now might be a good opportunity to look at adding a health care concentration in business given health care’s large role in the community.

“The timing is good because health care is changing dramatically and moving toward a value based model,” said Ronan.

Maryland is also the home to more than 500 biomedical sciences companies with the field considered to be one of the fastest growing industries in the country.

“It’s definitely something worth looking at,” said Ron Krug, the coordinator for business and economics at the Cumberland campus.

Greg Larry can be contacted at

Text Only
Local News
  • Kona Ice owners dole out treats, give back to the community Kona Ice owners dole out treats, give back to the community

    CUMBERLAND — In addition to serving tasty treats and putting a smile on patrons’ faces, Oakland residents Wheeler Stewart and Jeff Orr, owners/operators of Kona Ice Mountain Maryland, do their part to give back to Allegany and Garrett counties. The number one theme of Kona Ice is that if you give it back, it’s going to come back to you, said Stewart.

    July 23, 2014 1 Photo

  • Advocates call for expansion of summer lunch program

    CUMBERLAND — It’s the first year that St. John’s Lutheran Church on Arch Street has participated in the summer lunch program for children. The Rev. Tormod Svensson, the pastor at the church, said that while the church has offered food programs before, this is the first time they’ve been officially part of the Summer Food Service Program.

    July 23, 2014

  • Two face additional charges in child’s death

    MOOREFIELD, W.Va. — West Virginia State Police have served arrest warrants on Joseph A. Christy and Summer L. McDaniel in the case of their 26-day-old infant’s death.

    July 23, 2014

  • Helping others Helping others

    July 23, 2014 1 Photo

  • Commissioners set to vote on plan

    CUMBERLAND — Allegany County commissioners are scheduled Thursday to vote on the 266-page, 2014 Allegany County Comprehensive Plan. The portion of the plan that has stirred some controversy is the inclusion of the Terrapin Run Development. If commissioners approve the plan, the development will be an official part of the county’s land use development plan for the future.

    July 23, 2014

  • Iron Rail Street fire Faulty electrical outlet sparks Mount Savage fire

    MOUNT SAVAGE — Tuesday’s fire that caused an estimated $30,000 property loss in a residence on Iron Rail Street has been determined to be accidental, according to the Maryland State Fire Marshal’s Office.

    July 23, 2014 1 Photo

  • In Brief - 07/24

    July 23, 2014

  • Frostburg to use ARC grant for Braddock Road improvements

    FROSTBURG — The city of Frostburg will use a $1.275 million federal grant to improve access to a 25-plus acre site that is available for commercial and industrial development, according to an announcement by U.S. Sens. Ben Cardin and Barbara Mikulski.

    July 23, 2014

  • Shooting suspects arrested at Altoona mall

    July 23, 2014

  • Firefighters Union wants county paramedics to unionize

    July 23, 2014