2. Tuition and Fees 2012-2013 Charges Tuition: $29, 850 Fees: $1,000 Room and board: $10, 150

3. Types of Aid ScholarshipsGrantsLoansWork Study

4. Scholarships Institutional Scholarships State Scholarships External Scholarships

5. Institutional Aid Part of the Admission Process No separate application Must have a completed file with Admissions Office Notifications start in December Range from $8,000-full tuition Renewable

6. State Funds Available to MD residents Could be transferred from other states Know your legislators  www.mdelect.net www.mdelect.net Could be renewable

7. External Help Search NOW! Free process – never pay for applications! Check our website Guidance Office Parents’ employers Businesses Organizations and Clubs

8. Grants Federal Grants - Pell Grant -Federal Supplemental Educational Opportunity Grant (SEOG) -TEACH grant - Iraq and Afghanistan Grant State Grants - Howard P. Rawlings Educational Assistance Grant - Howard P. Rawlings Guaranteed Access Grant

9. Loans Funds from school Revolving Fund Fixed Interest No Credit Check Repayment begins 9 months after leaving school Funds from the USDE Fixed interest Credit-based loan Repayment could be deferred Funds from the USDE Subsidized/Unsubsidized Fixed Interest No Credit Check Repayment begins 6 months after leaving school Funds from the private lenders Adjustable interest Credit-based loan May need to have a co- signer Private Alternative Loans (COA- other aid) Stafford Loan ($5500/year- $12500/year) Perkins Loan (varies) PLUS Loan (COA-other aid)

10. Work Study On-Campus or Off-Campus Part-Time Gain work experience Flexible hours Need-based FAFSA benefit

11. Example Charges: $41,000 Need Based Aid  Institutional Aid: $15,000  External Scholarship: $2,000 Self help Aid  Stafford loan: $3,500  Perkins loan: $1,000 Balance  $19,500

12. Example Continued… Balance:  $19,500 Other Options  Parent PLUS Loan  Alternative Loan  Payment Plan

13. FACTS Payment Plan Online enrollment Several payment options No interest Credit Card/Debit Card

14. FAFSA Free Application for Federal Student Aid www.fafsa.gov Available January 1, 2013 Our deadline-2/15/13 Our code-002065 IRS Match

15. Financial Aid Process Apply Receive Award Letter Activate Aid Receive funds twice a year (fall and spring) (September and February) Apply again…

16. What to do now? Apply for a FAFSA PIN www.pin.ed.govwww.pin.ed.gov  PIN for a student  PIN for a parent FAFSA4caster www.fafsa4caster.ed.gov (early estimate of federal aid)www.fafsa4caster.ed.gov Apply for admission

17. Online tools Net Price Calculator College’s websites College Navigator Maryland Higher Education Commission

18. Special conditions Change of Income Separation, Divorce, Death High Medical Expenses Paid During 2012 year One-Time Income Parent Attending College

19. Access this presentation Notre Dame of MD University (www.ndm.edu)www.ndm.edu  > Prospective Students  > Financial Aid  > Additional Resources  > Financial Aid 101

20. Questions? Contact Info: Office of Financial Aid Phone- (410) 532-5369 Fax- (410) 532- 6287 finaid@ndm.edu