You Can Afford College! GOUCHER COLLEGE EXPLORE GOUCHER DAY 1

Goals of Financial Aid Primary goal is to assist students in paying for college and is achieved by:  Evaluating families’ ability to pay educational costs  Distributing limited resources in an equitable manner  Providing balance of gift aid and self-help aid

Financial Aid Basics Gift Aid GrantsScholarships Self-Help Aid Work StudyLoans 3

Sources of Financial Aid Federal State Institutional Private Grants Work Study Loans Scholarships Grants Scholarships Work Study Scholarships Tuition reimbursement 4

Determining Financial Need 5

Cost of attendance Tuition and fees Cost of living in dorms (room) Cost of meal plans on campus (board) Allowance for Books and supplies Allowance for misc. expenses Allowance for Transportation ++ Indirect costs that are not be charged by the college: ++ Direct costs typically charged by the college: Cost of Attendance (COA)

DIRECT COSTS TUITION AND FEES: $40,558 ROOM AND BOARD (ON CAMPUS): $11,482 INDIRECT COSTS BOOKS AND SUPPLIES: $1000 TRANSPORTATION: $700 MISCELLANEOUS EXPENSES: $1100 TOTAL: $54, COA 7

FM EFC Expected Family Contribution The Free Application for Federal Student Aid (FAFSA) takes into account (to consider for federal and MD State aid):  Income (parent(s) and student)  Assets (parent(s) and student)  Number in Household  Number in College  Custodial parent only  Available January 1 Note: EFC remains the same regardless of college/university 8

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IM EFC Expected Family Contribution The CSS Profile:  Additional information to consider a family for institutional aid  Available October 1  Looks at primary home value  Looks at business/farm value  Looks at noncustodial parent  Fee- $25 10

Deadlines 11 Application Options Admissions Application + Supporting Materials CSS ProfileFAFSA Early Decision I Nov 15Dec 1Feb 1 Early Action/GVA Dec 1Jan 10Feb 1 Regular Decision Feb 1Feb 15 Transfer May 1

What happens next? Make sure to list GC’s school code on the FAFSA and CSS Profile ( and 5257) GC will import your information GC may ask you for additional information (ex. tax forms, citizenship documents…) GC will send you an estimated or actual award notification (depends on timing) 12

Special Situations If your family experiences a recent change in circumstances (ex. unemployment, high unreimbursed medical expenses, change in martial status…) the financial aid award may be reviewed. To request a review, complete a Professional Judgment Request (found on our website) and provide the appropriate supporting documentation. Non-custodial information (needed for CSS Profile) may be waived if circumstances exist.

Merit Scholarships All students admitted to Goucher, who submitted a high school transcript, are automatically considered for a merit scholarship. Additional opportunities based on academics, leadership, fine & performing arts Merit scholarships are considered as a source of financial aid and are therefore listed on the financial aid notification 14

Other Ways to Pay for College 15 Your Own Savings Parent loans/Alternative (Private) loans Payment plan 529 Savings & Prepaid Tuition Programs Military Tuition Assistance/Veterans Benefits Tuition Waivers

Contact Us! Learn more about financial aid Browse the FAQ’s We are located in Student Administrative Services (in the courtyard next to Admissions)

Questions? Thank you for visiting today! 17