Financial Aid Presenter: Mrs. Natasha Blake 1

Free Application for Federal Student Aid (FAFSA) WWW.FAFSA.ED.GOV Available October 1, 2016 Complete with Student and Parent 2015 federal income tax return and W-2 forms File according to University priority deadline – February 15th Determines need-based aid Apply for PIN number WWW.PIN.ED.GOV 2

3

What’s next after the FAFSA?? Student Aid Report (SAR) Expected Family Contribution (EFC) Need-based aid indicator Graduation Rate* UMD - 82% Graduation rate Retention Rate* UMD – 93% Full-time students Transfer Rate* UMD – 7% Transfer-out rate *www.nces.ed.gov/collegenavigator 4

Common Federal Aid Programs Federal Pell Grant Academic Competitiveness Grant (ACG) National Science and Mathematics Access to Retain Talent Grant (SMART) Federal Supplemental Educational Opportunity Grant (SEOG) Federal Work-Study Federal Perkins Direct Loans Subsidized (Based on financial and school determines amount) Government pays interest while in school Unsubsidized (no requirement to demonstrate financial need and you are responsible for paying the interest) PLUS 6

State Grants – Need Based Aid Deadline - March 1, 2017 Guaranteed Access Grant H. S. seniors who complete preparatory program Cumulative 2.5 GPA Income guidelines mandate by MHEC Fulltime enrollment status Award $400 - $14,300 (up to 100% financial need) Education Assistant Grant H.S. seniors, undergraduate & graduate students Award $400 - $3000 8

State Legislative Scholarships Deadline – March 1, 2017 Delegate and Senatorial Scholarships Current H.S. Seniors Full or part-time undergraduate and graduate students Maryland resident Attend two or four year Maryland university Contact at www.mdelect.net 9

Free Scholarship Options Search engines available on the internet: FinAid on the Web – www.finaid.org College Board – www.collegeboard.com Fast Web – www.fastweb.com Veterans Students - www.military.com Gates Millennium Scholar (01/10/11 Deadline) – www.gmsp.org Corporate Scholarships and Merit Scholarships – www.scholarships.com 10

12

Things to Know Books: -Be prepared to pay out of pocket. No vouchers Freshmen Orientation: -Must be paid in advance Refunds: -If all charges are paid, a refund can be issued. 14

Affordability Make sure you can pay your education bill Make smart decisions about borrowing Be careful with credit cards Take action Manage your money Student loans Budget Credit cards http://www.youcandealwithit.com 15

Thank you and good luck!