Montgomery College, Named Top Community College in Maryland, Celebrates National Financial Awareness Day Highlighting the Fiscal Responsibility of Choosing Community Colleges

In celebration of National Financial Awareness Day, Montgomery College (MC) proudly joins community colleges nationwide in emphasizing the importance of fiscal responsibility in higher education. As the cost of college continues to rise, Montgomery College offers an affordable and high-quality alternative, making it the smart choice for students and families seeking to maximize the value of their educational investment. This week, WalletHub's 2024 rankings of community colleges named MC as the top two-year school in Maryland and #10 nationally. Furthermore, WalletHub's rankings put Maryland at the top of the list of the best statewide community college systems in the country. 

National Financial Awareness Day, observed on August 14, serves as a reminder for potential students and their families to evaluate their financial situation and make informed decisions about their future. Education is one of the most significant investments an individual can make, for themselves, their families and their community. Montgomery College is committed to providing students with a cost-effective path to success. Tuition at MC is nearly 50% less than tuition at a public four-year college.

In-State comparison of tuition and fees:

$5,394
Montgomery College
(in-county rate)

$10,155
Maryland's public four-year schools
(in-state rate)

$42,233
Maryland's private four-year institutions 

To that end, the College has financial aid experts always ready to assist students and their families in considering their options while completing the applications that best suit their situation and needs. 

“At Montgomery College, we understand that people need to make financial choices every day and juggle many obligations," said Associate Senior Vice President for Student Affairs Dr. Melissa Gregory. "By choosing a community college, students receive an excellent education while avoiding the burden of excessive student debt. Our mission is to ensure that higher education is accessible and affordable.”

There are many benefits to choosing Montgomery College as a first step to earning a degree:

1. Lower Tuition Costs: The average annual tuition at community colleges like Montgomery College is significantly lower than that of four-year institutions. This allows students to complete the first two years of their education at a fraction of the cost. 
2. Minimized Student Debt: By beginning their academic journey at a community college, students can reduce or even eliminate the need for student loans, helping them graduate with little to no debt.
3.  Flexible Learning Options: Montgomery College offers a range of flexible learning options, including online courses and evening classes, allowing students to work while they study and manage their finances more effectively.
4.  Transfer Opportunities: Students who start at Montgomery College can seamlessly transfer to four-year universities to complete their bachelor’s degrees. This approach not only saves money but also provides a strong academic foundation in a highly supportive environment.
5.  Scholarship and Financial Aid Availability: Montgomery College offers numerous scholarships and financial aid options, further reducing the financial burden on students and their families.

Montgomery College and community colleges across the country are dedicated to empowering students to make financially responsible decisions that will benefit them for years to come. On this National Financial Awareness Day, Montgomery College encourages students and their families to consider the significant financial advantages of choosing a community college as the smart investment in launching or building their careers, earning degrees and credentials, and launching and building their careers.

For more information about Montgomery College and its affordable educational programs, visit the Montgomery College website.