AACC's Funding Sources
Anne Arundel Community College is a publicly funded institution, but as public funding becomes less reliable, the college must seek and secure other sources of revenue to develop and sustain programming that meets community needs.
AACC has three primary sources of income with each category providing approximately one-third of revenue: County, State and Tuition/Fees.When faced with declining state and county support-trends facing community colleges throughout the country-tuition and fees rise.This is not in the best interest of students, many of whom are juggling the responsibilities of family, employment and increased cost of living.
For this reason, AACC turns to private support to develop and sustain programs and to expand the pool of scholarship funds available to qualified students.
Impact on Students
Preparing students to succeed in an increasingly competitive and global economy is a top priority at Anne Arundel Community College. This undertaking starts by providing our students with the financial resources they need to succeed. With your help, the Anne Arundel Community College Foundation helps make higher education accessible and affordable for all motivated students.
Scholarships are where philanthropy can make the greatest difference to students at AACC. Student financial need has never been greater. Over the past 5 years:
Applicants for all types of financial aid grew by 117%
The average financial aid award grew by 43%
The number of applicants for scholarships from the AACC Foundation grew by 82%
Scholarships do more than help students. Higher education has the power to change society. When people have jobs that provide a livable wage, they and their families can lead productive and fulfilling lives. More than ever before, these jobs require higher education. Anne Arundel Community College meets this need by offering open access to training in programs that will prepare citizens for well-paying, rewarding careers.
The average income at the career midpoint of someone with an associate's degree in Anne Arundel County is $56,200--35% more than someone with a high school diploma.
AACC students with higher earnings expand the MD tax base by about $121.8 million each year.
Maryland will see avoided social costs amounting to $4 million per year due to AACC students, including savings associated with improved health, reduced crime and reduced welfare and unemployment.
Impact on Programs
To maintain its position of excellence in workforce training, AACC must pursue initiatives and forward-looking programs in emerging fields. With your help, the college will be on the forefront of workforce training for the jobs available today and in the future.
The impact of private donations to support the programslike cyber security, engineering and allied health are many. Students are:
Training for careers in growing fields with employment opportunities
Learning tools and equipment that are being used by today's employers
Being taught by professionals who understand the needs of today's employers
Just like scholarships, which provide a direct benefit to students, donations to develop and sustain programs provide a meaningful benefit to students who are training or retraining for a new career.