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College Park highlights expansion of need‑based aid and research gains while outlining steps to address state funding cuts
Summary
University of Maryland, College Park officials told the Education and Economic Development Subcommittee that recent investments such as the Terrapin Commitment have increased need‑based aid and Pell enrollment, and that the campus will slow hiring and cut nonpersonnel expenses to absorb state funding reductions.
University of Maryland, College Park President Pines told the Education and Economic Development Subcommittee in Annapolis that the flagship campus is prioritizing need‑based aid and managing expenses to address reduced state support while continuing research and innovation programs.
Sarah Baker, a DLS analyst, opened the College Park presentation with enrollment and aid trends. Baker said first‑time applications peaked above 60,000 in 2024 and that fall 2024 enrollment grew 1.8% driven mainly by a 20% increase in transfer students. She noted institutional aid spending rose 63% and totaled $93,900,000 in fiscal 2024, driven in part by the launch of the Terrapin Commitment in spring 2023, a program…
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