Zhanna Goltser College of Notre Dame of Maryland

 Founded in 1873  Located in Baltimore (North Charles Street)  Women’s College  Weekend College  Accelerated College  Graduate School  Renaissance Institute  English Language Institute  School of Pharmacy  Approximately 3,000 students

 Why Private College  Types of Aid  How to Apply for Financial Aid  Helpful guidelines  Helpful websites

 Approximately 1,600 private colleges ◦ Liberal arts ◦ Research universities ◦ Faith-based colleges ◦ Women’s Colleges ◦ Historically-black colleges ◦ Two-Year Colleges ◦ Professional Schools  From 100 students to over 30,000 students

 Personal Attention  Professor-led classes  Smaller Class Sizes  Greater Class participation  Recognition  Community  Environment  Higher graduation rates in four years  Affordable High-Quality Education

 Official Price (example-$40,000)  Financial Aid (example-$15,000)  Net Price (example-$25,000)

Financial aid is money available to help students and their parents pay for educational expenses

FederalState InstitutionalPrivate

 Grants - Money given to students based on need that is not paid back  Scholarships - Money given to students based on academic or athletic ability or talent that is not paid back  Loans - Money borrowed by students and/or parents that must be paid back with interest  Work-study - Money earned by students as payment for work

Key Form: FAFSA Free Application for Federal Student Aid  Biographical Information  Household Size  Student’s and Parent’s Incomes  Assets  College Choices   Available January 1st

 Early Tool to Estimate Federal Aid   Simplified Questions  Available now

 College Board application  Online only  Required by some schools in addition to FAFSA  www. profileonline.collegeboard.com  Available October 1 st.

 Knowledgeable  Better Communication  Source for External scholarships

 Apply for admissions  Apply for financial aid  Receive a financial aid award letter after acceptance  Accept financial aid (if the office requires)  Submit documentation to the financial aid department  Receive the funds (Aug/Jan)

 What aid is grants/scholarships?  Does an award letter provide financial aid for both direct and indirect expenses?  How much a family needs to take out in loans?  What types of aid are renewable?

 Communicate about the changes in family incomes or circumstances not listed on a financial aid application  Send award letters from other schools for comparison and discussion  Don’t ask for unreasonable amount  Don’t bargain with a financial aid office

 New federal law  Colleges must comply by October, 2011  Excellent tool to estimate aid

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 Apply Early!  Make and Maintain a Financial Aid File  If you have questions – please ask for assistance from a financial aid professional.  Check with your college/university for other applications and/or deadlines.  Keep copies of information and/or documents you submit to the financial aid office.

Office of Financial Aid